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JenaValve Technology

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uuid0000dxy

Namestring
JenaValve Technology
Legal namestring
JenaValve Technology, Inc.
Websiteurl
jenavalve.com
Company typeenum
Private
Founded yearint
2006
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersIrvine, United States
HQ citystring
Irvine
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices3 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
transcatheter heart valves, structural heart devices, aortic regurgitation treatment, TAVR systems, cardiac medical devices
Industry2 codes
1Structural Heart Valves (TAVR/SAVR) & Valve Repair
CodeHLAHAFABPrimaryYes
2Vascular Access & Closure Devices (Sheaths, Guidewires, Closure Systems)
CodeHLAHAFAKPrimaryNo
NAICS code2 codes
  • Surgical and Medical Instrument Manufacturing339112
  • Electromedical and Electrotherapeutic Apparatus Manufacturing334510
SIC code2 codes
  • Surgical & Medical Instruments & Apparatus3841
  • Electromedical & Electrotherapeutic Apparatus3845
Product category
Transcatheter Heart Valve Devices
Social media profiles2 records
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model1 record
1Trilogy Transcatheter Heart Valve System Sales
TypeHardware Sales
Description

One-time hardware sales of the Trilogy transcatheter heart valve system to hospitals and cardiac centers for treatment of aortic regurgitation and aortic stenosis. Revenue generated from device sales as the company begins US commercialization in April 2026 following FDA approval.

openpr.com
Marketing channels7 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Technology or R&D, Supply Chain, Personnel, Marketing or Sales, Operations, Infrastructure
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 record
1Trilogy System
Description

The Trilogy Transcatheter Heart Valve System - a TAVR system FDA-approved for treatment of symptomatic severe aortic regurgitation in high surgical risk patients.

jenavalve.com
Core offering1 text field

JenaValve Technology develops and manufactures the Trilogy Transcatheter Heart Valve (THV) System, a transcatheter aortic valve replacement (TAVR) platform designed to treat symptomatic, severe aortic regurgitation (AR) and aortic stenosis (AS) in patients at high surgical risk. The system comprises the Trilogy Valve (self-expanding nitinol frame with proprietary locator technology and porcine pericardial tissue), the Trilogy Delivery System (single-action deployment catheter), and the Trilogy Introducer Sheath System (85 cm hydrophilically-coated sheath). It is the first and only FDA-approved TAVR device for aortic regurgitation and the first transfemoral TAVR approved for both AR and AS in Europe.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 7 values shown
  • 95.0% technical success rate (Pivotal + CAP, n=700) compared to 74-86% with off-label TAVR devices
+6 more records
Product overview1 text field

JenaValve Technology offers the Trilogy Transcatheter Heart Valve (THV) System, a comprehensive TAVR (Transcatheter Aortic Valve Replacement) solution designed for treating symptomatic, severe aortic regurgitation. The system comprises three integrated components: the Trilogy Valve (self-expanding nitinol frame with porcine pericardial tissue and proprietary locator technology), the Trilogy Delivery System (for precise catheter-based deployment), and the Trilogy Introducer Sheath System (85cm sheath extending to the sinotubular junction). The proprietary locator technology differentiates the system by enabling secure anchoring to native anatomy without requiring calcification, making it the first and only FDA-approved TAVR device for aortic regurgitation and the first TAVR system with true dual-disease treatment capability (AR and aortic stenosis) approved in Europe.

Product and service3 records
1Trilogy Transcatheter Heart Valve (THV) System
CategoryTranscatheter Heart Valve Systems
Description

A transcatheter aortic valve replacement (TAVR) system designed for transfemoral delivery to treat symptomatic, severe aortic regurgitation. Features proprietary locator technology that clips onto native anatomy for secure anchoring without requiring calcification, enabling treatment of AR patients who cannot undergo open-heart surgery. Sold to hospitals and cardiac centers.

2Trilogy Delivery System
CategoryTranscatheter Heart Valve Systems
Description

Catheter-based delivery component engineered for stability, precision and reliability from access to deployment. Features catheter deflection to center the valve above the annulus, integrated rotation and axial positioning for commissural alignment, and a simple one-step deployment mechanism. Sold to hospitals as part of the Trilogy THV System.

3Trilogy Introducer Sheath System
CategoryTranscatheter Heart Valve Systems
Description

85 cm pre-shaped, hydrophilically-coated introducer sheath that extends to the sinotubular junction, protecting the Trilogy Valve and patient through deployment. Sold to hospitals as part of the Trilogy THV System.

Scale indicator10 records

Each record includes

Type, Value, Description, Source

Partnership3 partners
Strategic tierStrategicTypeStrategic or Co-development PartnerAnnounced on2023-11-16
Description

Partnership announced November 2023 to advance detection and diagnosis of aortic regurgitation. Collaboration with leading professional society in echocardiography to improve patient identification and care pathways.

Strategic tierStrategicTypeStrategic or Co-development PartnerAnnounced on2023-06-10
Description

Strategic partnership announced June 2023 to uncover trends in care for patients with aortic regurgitation. Leverages egnite's AI-driven database and industry-leading cardiovascular data to quantify prevalence and treatment patterns. First study presented at TVT Structural Heart Summit estimated over 500,000 US patients with moderate or severe AR.

Strategic tierCoreTypeChannel Partner/ Reseller/ DistributorAnnounced on2022-01-18
Description

License and development agreement signed December 2021 (announced January 2022). Peijia Medical granted exclusive license to develop, manufacture, and commercialize Trilogy System in greater China region. First commercial implants performed in Hong Kong in May 2023.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Global TAVR market leader with the Sapien platform (transfemoral and transapical delivery). Most direct competitor in transcatheter aortic valve replacement; attempted acquisition of JenaValve blocked by FTC in 2026.

TypeDirect peer
Description

Major TAVR competitor with the Evolut self-expanding platform. Competes head-to-head with JenaValve in transcatheter aortic valve replacement across both AR (off-label) and AS indications.

TypeDirect peer
Description

TAVR competitor with the Navitor (self-expanding) and Portico platforms. Directly comparable transcatheter aortic valve portfolio targeting overlapping patient populations and cardiac centers.

TypeEmerging player
Description

Structural heart player with the ACURATE neo2 TAVR platform. Competes in the same transcatheter aortic valve space but with a smaller installed base than Edwards, Medtronic, or Abbott.

TypeRegional player
Description

China-based structural heart company that is both an investor and exclusive distributor for JenaValve's Trilogy in greater China. Also develops its own TAVR technologies, creating a partner/competitor hybrid relationship.

TypeRegional player
Description

Chinese TAVR developer with approved transcatheter aortic valve products in greater China. Comparable structural heart franchise focused on the Chinese market with overlapping technology to Trilogy.

TypeRegional player
Description

Subsidiary of MicroPort Scientific developing the VitaFlow TAVR system. Comparable transcatheter aortic valve technology with focus on the Chinese market.

TypeEmerging player
Description

Structural heart startup developing transcatheter mitral and tricuspid valve therapies. Comparable early-stage structural heart medtech player with novel transcatheter valve technology, though focused on mitral rather than aortic disease.

TypeEmerging player
Description

Structural heart company developing transcatheter mitral valve repair technology. Comparable early-stage transcatheter valve company targeting underserved valvular disease patient populations.

10CryoLife (Artivion)
TypeBroad incumbent
Description

Cardiac and vascular surgery company with tissue heart valves and surgical valve repair products. Adjacent competitor in the structural heart space, focused more on surgical (open) rather than transcatheter valves.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers4 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature7 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles6 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance3 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds11 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors21 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

JenaValve Technology

Transcatheter Heart Valve Devicesjenavalve.com

JenaValve Technology firmographics

Firmographics
Name
JenaValve Technology
Legal name
JenaValve Technology, Inc.
Website
https://jenavalve.com
Company type
Private
Founded year
2006
Operating status
Operating
Headcount range
101–250 employees
Ownership category
akta.pro rank

JenaValve Technology industry classification

Industry
Product category
Transcatheter Heart Valve Devices
NAICS
Surgical and Medical Instrument Manufacturing (339112), Electromedical and Electrotherapeutic Apparatus Manufacturing (334510)
SIC
Surgical & Medical Instruments & Apparatus (3841), Electromedical & Electrotherapeutic Apparatus (3845)
akta.pro primary industry
Structural Heart Valves (TAVR/SAVR) & Valve Repair (HLAHAFAB)
akta.pro secondary industry
Vascular Access & Closure Devices (Sheaths, Guidewires, Closure Systems) (HLAHAFAK)

Keywords

  • Transcatheter heart valves
  • Structural heart devices
  • Aortic regurgitation treatment
  • TAVR systems
  • Cardiac medical devices

Where JenaValve Technology is headquartered

Location

Headquarters

HQ city
Irvine
HQ country
United States
HQ region
North America

Offices3 records

Markets served

JenaValve Technology business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Technology or R&D, Supply Chain, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

  1. Trilogy Transcatheter Heart Valve System Sales: One-time hardware sales of the Trilogy transcatheter heart valve system to hospitals and cardiac centers for treatment of aortic regurgitation and aortic stenosis. Revenue generated from device sales as the company begins US commercialization in April 2026 following FDA approval.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

JenaValve Technology product offering

Product offering

Core offering

JenaValve Technology develops and manufactures the Trilogy Transcatheter Heart Valve (THV) System, a transcatheter aortic valve replacement (TAVR) platform designed to treat symptomatic, severe aortic regurgitation (AR) and aortic stenosis (AS) in patients at high surgical risk. The system comprises the Trilogy Valve (self-expanding nitinol frame with proprietary locator technology and porcine pericardial tissue), the Trilogy Delivery System (single-action deployment catheter), and the Trilogy Introducer Sheath System (85 cm hydrophilically-coated sheath). It is the first and only FDA-approved TAVR device for aortic regurgitation and the first transfemoral TAVR approved for both AR and AS in Europe.

Product overview

JenaValve Technology offers the Trilogy Transcatheter Heart Valve (THV) System, a comprehensive TAVR (Transcatheter Aortic Valve Replacement) solution designed for treating symptomatic, severe aortic regurgitation. The system comprises three integrated components: the Trilogy Valve (self-expanding nitinol frame with porcine pericardial tissue and proprietary locator technology), the Trilogy Delivery System (for precise catheter-based deployment), and the Trilogy Introducer Sheath System (85cm sheath extending to the sinotubular junction). The proprietary locator technology differentiates the system by enabling secure anchoring to native anatomy without requiring calcification, making it the first and only FDA-approved TAVR device for aortic regurgitation and the first TAVR system with true dual-disease treatment capability (AR and aortic stenosis) approved in Europe.

Differentiator

Problem solved

Functional benefit

Brands

  • Trilogy System: The Trilogy Transcatheter Heart Valve System - a TAVR system FDA-approved for treatment of symptomatic severe aortic regurgitation in high surgical risk patients.

Products and services

  • Trilogy Transcatheter Heart Valve (THV) System A transcatheter aortic valve replacement (TAVR) system designed for transfemoral delivery to treat symptomatic, severe aortic regurgitation. Features proprietary locator technology that clips onto native anatomy for secure anchoring without requiring calcification, enabling treatment of AR patients who cannot undergo open-heart surgery. Sold to hospitals and cardiac centers.
  • Trilogy Delivery System Catheter-based delivery component engineered for stability, precision and reliability from access to deployment. Features catheter deflection to center the valve above the annulus, integrated rotation and axial positioning for commissural alignment, and a simple one-step deployment mechanism. Sold to hospitals as part of the Trilogy THV System.
  • Trilogy Introducer Sheath System 85 cm pre-shaped, hydrophilically-coated introducer sheath that extends to the sinotubular junction, protecting the Trilogy Valve and patient through deployment. Sold to hospitals as part of the Trilogy THV System.

Quantifiable outcome

  • 95.0% technical success rate (Pivotal + CAP, n=700) compared to 74-86% with off-label TAVR devices
  • +6 more outcomes

Companies that use JenaValve Technology

Customer profile

Named customers4 records

Segments3 records

Ideal customer profiles1 record

JenaValve Technology technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature7 records

JenaValve Technology partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered strategic and core.

  • American Society of Echocardiography (ASE)strategicStrategic or Co-development Partner · 16 November 2023Partnership announced November 2023 to advance detection and diagnosis of aortic regurgitation. Collaboration with leading professional society in echocardiography to improve patient identification and care pathways.
  • egnite, Inc.strategicStrategic or Co-development Partner · 10 June 2023Strategic partnership announced June 2023 to uncover trends in care for patients with aortic regurgitation. Leverages egnite's AI-driven database and industry-leading cardiovascular data to quantify prevalence and treatment patterns. First study presented at TVT Structural Heart Summit estimated over 500,000 US patients with moderate or severe AR.
  • Peijia MedicalcoreChannel Partner/ Reseller/ Distributor · 18 January 2022License and development agreement signed December 2021 (announced January 2022). Peijia Medical granted exclusive license to develop, manufacture, and commercialize Trilogy System in greater China region. First commercial implants performed in Hong Kong in May 2023.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

JenaValve Technology competitors and assessment

Company assessment

Direct peers

  • Edwards Lifesciences: Global TAVR market leader with the Sapien platform (transfemoral and transapical delivery). Most direct competitor in transcatheter aortic valve replacement; attempted acquisition of JenaValve blocked by FTC in 2026.
  • Medtronic: Major TAVR competitor with the Evolut self-expanding platform. Competes head-to-head with JenaValve in transcatheter aortic valve replacement across both AR (off-label) and AS indications.
  • Abbott: TAVR competitor with the Navitor (self-expanding) and Portico platforms. Directly comparable transcatheter aortic valve portfolio targeting overlapping patient populations and cardiac centers.

Emerging players

  • Boston Scientific: Structural heart player with the ACURATE neo2 TAVR platform. Competes in the same transcatheter aortic valve space but with a smaller installed base than Edwards, Medtronic, or Abbott.
  • 4C Medical Technologies: Structural heart startup developing transcatheter mitral and tricuspid valve therapies. Comparable early-stage structural heart medtech player with novel transcatheter valve technology, though focused on mitral rather than aortic disease.
  • Ancora Heart: Structural heart company developing transcatheter mitral valve repair technology. Comparable early-stage transcatheter valve company targeting underserved valvular disease patient populations.

Regional players

  • Peijia Medical: China-based structural heart company that is both an investor and exclusive distributor for JenaValve's Trilogy in greater China. Also develops its own TAVR technologies, creating a partner/competitor hybrid relationship.
  • Venus Medtech: Chinese TAVR developer with approved transcatheter aortic valve products in greater China. Comparable structural heart franchise focused on the Chinese market with overlapping technology to Trilogy.
  • MicroPort CardioFlow: Subsidiary of MicroPort Scientific developing the VitaFlow TAVR system. Comparable transcatheter aortic valve technology with focus on the Chinese market.

Broad incumbents

  • CryoLife (Artivion): Cardiac and vascular surgery company with tissue heart valves and surgical valve repair products. Adjacent competitor in the structural heart space, focused more on surgical (open) rather than transcatheter valves.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

JenaValve Technology social profiles

Digital presence

JenaValve Technology compliance and trust

Trust signal

Compliance3 records

JenaValve Technology financial estimates

Financial estimate

Revenue estimate

Valuation estimate

JenaValve Technology leadership team

Management profile

Number of profiles

Profiles6 records

JenaValve Technology subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

JenaValve Technology funding detail

Funding detail

Funding overview

Funding rounds11 records

Investors21 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

JenaValve Technology M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about JenaValve Technology

What does JenaValve Technology do?

JenaValve Technology develops and manufactures the Trilogy Transcatheter Heart Valve (THV) System, a transcatheter aortic valve replacement (TAVR) platform designed to treat symptomatic, severe aortic regurgitation (AR) and aortic stenosis (AS) in patients at high surgical risk. The system comprises the Trilogy Valve (self-expanding nitinol frame with proprietary locator technology and porcine pericardial tissue), the Trilogy Delivery System (single-action deployment catheter), and the Trilogy Introducer Sheath System (85 cm hydrophilically-coated sheath). It is the first and only FDA-approved TAVR device for aortic regurgitation and the first transfemoral TAVR approved for both AR and AS in Europe.

Is JenaValve Technology a public or private company?

JenaValve Technology is a private company. It is classified as venture growth investor backed and is currently operating.

When was JenaValve Technology founded?

JenaValve Technology was founded in 2006. It employs 101 to 250 people.

Where is JenaValve Technology based?

JenaValve Technology is headquartered in Irvine, United States, in the North America region.

How does JenaValve Technology make money?

One revenue line is on record: trilogy Transcatheter Heart Valve System Sales.

Who are JenaValve Technology's main competitors?

Direct peers on record are Edwards Lifesciences, Medtronic and Abbott. Emerging players are Boston Scientific, 4C Medical Technologies and Ancora Heart. Regional players are Peijia Medical, Venus Medtech and MicroPort CardioFlow. CryoLife (Artivion) is listed as a broad incumbent.

Does JenaValve Technology have an API?

No public API is recorded for JenaValve Technology.

What industry is JenaValve Technology in?

JenaValve Technology's product category is Transcatheter Heart Valve Devices. Its primary akta.pro industry code is HLAHAFAB, Structural Heart Valves (TAVR/SAVR) & Valve Repair, with a secondary code of HLAHAFAK, Vascular Access & Closure Devices (Sheaths, Guidewires, Closure Systems). Its NAICS code is 339112 and its SIC code is 3841.

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Live signals
BioSpaceJenaValve Recaps Key Highlights Including Late-Breaking Clinical Data from New York Valves 2026JenaValve highlighted late-breaking clinical data from New York Valves 2026 on TAVR in aortic regurgitation and LVAD patients. In 28 LVAD patients, Trilogy showed high procedural success and low 30-day mortality with one-year mortality of 7.3%. The findings support the ongoing JENA-VAD Registry.Mpo-magJenaValve Hires Matt Bacso as Finance ChiefJenaValve appointed Matt Bacso as CFO effective June 8, leading financial and capital markets for the U.S. commercial launch of its Trilogy transcatheter heart valve system. Bacso brings over 15 years of investor relations and strategic finance experience, including a role at Procept BioRobotics.BioSpaceJenaValve Appoints Matt Bacso as Chief Financial OfficerJenaValve appointed Matt Bacso as Chief Financial Officer, effective June 8, 2026, to lead financial and capital markets activities. Bacso previously served as VP of Investor Relations at Procept BioRobotics, where he oversaw scaling from under $30 million to about $400 million in revenue. The appointment supports JenaValve's U.S. commercial launch of the Trilogy System for aortic regurgitation.Mpo-magJenaValve Hires Medtronic Exec Ed Sarnowski as Chief Technology OfficerJenaValve appointed Ed Sarnowski as chief technology officer, leading R&D after FDA approval of its Trilogy transcatheter heart valve for severe aortic regurgitation. Sarnowski previously served as VP of R&D at Medtronic Structural Heart and St. Jude Medical. The company expects him to advance the Trilogy platform's capabilities.openPR.comTranscatheter Aortic Valve Replacement (TAVR) Market is expected to Hit US$ 12.3 Billion by 2033 | Emerging Companies - Anteris Technologies, Venus Medtech (Hangzhou) Inc., JenaValve TechnologyDataM Intelligence released a market report projecting the global Transcatheter Aortic Valve Replacement (TAVR) market will grow from US$ 5.1 billion in 2025 to US$ 12.3 billion by 2033, with an 11.5% CAGR. In January 2026, the U.S. Federal Trade Commission blocked Edwards Lifesciences' proposed acquisition of JenaValve Technology, citing concerns over reduced competition in TAVR devices for aortic regurgitation treatment. The report also highlights industry developments including post-TAVR treatment advancements at ACC 2026 and growing clinical research activity in Japan focused on elderly and functionally dependent populations.openPR.comUnited States Congestive Heart Failure (CHF) Treatment Devices Market 2026 | Growth Drivers, Key Players & Investment OpportunitiesDataM Intelligence published a market research report on the United States Congestive Heart Failure (CHF) Treatment Devices Market, covering key developments including Medtronic's FDA approval for its OmniaSecure defibrillation lead and JenaValve's FDA approval for its Trilogy transcatheter heart valve in March 2026. The report also highlights FDA Breakthrough Device designations for Noah Labs' AI-powered voice monitoring system and Alleviant Medical's no-implant atrial shunt. In Japan, companies including Fujitsu, NTT, Terumo Corporation, and Nihon Kohden advanced cardiac monitoring and circulatory support technologies in early 2026. The global CHF Treatment Devices market is projected to grow at a high CAGR during the 2024-2031 forecast period.MassDeviceThe top 10 cardio device stories of 2025MassDevice published its top 10 cardio device stories of 2025, a roundup covering major developments including Medtronic's Affera pulsed field ablation technology driving 71% revenue growth in cardiac ablation, Boston Scientific's $600M acquisition of Bolt Medical and subsequent IVL entry, and Abbott's FDA approval for its Volt PFA system. The FTC blocked Edwards Lifesciences' $1.2B acquisition of JenaValve citing antitrust concerns, while Johnson & Johnson MedTech announced plans to separate its orthopaedics business to focus on cardiovascular growth following its $13.1B Shockwave Medical acquisition.Husch BlackwellAntitrust M&A Enforcement Update: FTC Kicks Off 2026 by Increasing HSR Thresholds and Blocking a Medical Device MergerThe FTC announced its annual adjustment to Hart-Scott-Rodino Act thresholds for 2026, raising the size-of-transaction threshold from $126.4 million to $133.9 million and updating associated filing fees tied to transaction values ranging from $35,000 to $2.46 million. On January 12, 2026, a federal district court granted the FTC's request to temporarily block Edwards Lifesciences Corp.'s proposed acquisition of JenaValve Technology, Inc., with the parties subsequently abandoning the deal after the FTC argued it would reduce competition and potentially raise prices for U.S. transcatheter aortic valve replacement devices. The FTC also updated size-of-person thresholds and incremental thresholds for voting securities acquisitions to reflect the new monetary adjustments.ArnoldporterFTC Win Clarifies Antitrust Enforcement in Development Pipeline DealsOn January 9, 2026, Judge Rudolph Contreras in the U.S. District Court for the District of Columbia granted the FTC's request for a preliminary injunction, blocking Edwards Lifesciences Corporation's proposed $945 million acquisition of JenaValve Technology, Inc. The court found that the merger would eliminate vigorous head-to-head competition in the development of transfemoral TAVR-AR devices for treating aortic regurgitation, a market where no device has yet received FDA clearance. The 107-page opinion provides significant guidance on how courts will assess antitrust issues in mergers involving products still in clinical development, including market definition for pre-commercial products and the evidentiary burden for proving anticompetitive effects without relying on traditional market share presumptions.FierceBiotechFTC outlines antitrust case against Edwards' $945M JenaValve acquisitionThe Federal Trade Commission has begun outlining its case to block Edwards Lifesciences' proposed $945 million acquisition of heart implant developer JenaValve, arguing the deal would give Edwards control of the only two transcatheter aortic valve replacement systems designed for aortic regurgitation, creating a monopoly in the indication. Internal documents revealed by the FTC show JenaValve CEO John Kilcoyne expressed second thoughts about the deal after discovering Edwards had simultaneously acquired JC Medical for $316 million, with Edwards' executive reportedly texting that the smaller deal "below the threshold! Intentional." The FTC has proposed requiring Edwards to divest its JC Medical holdings as a condition for approving the JenaValve acquisition, a remedy Edwards has not accepted.