In addition to the successful funding round, Elucid also announced that Dr. Melrose and Elevage Senior Advisor Dr. Kelly Huang will join the company’s board of directors. This past year, Scott Huennekens was named executive chairman of the board. Elucid has significantly bolstered its leadership team since its last fundraise as it ramps up commercial efforts and expands clinical research and development. The company added Dr. Todd Villines as Chief Medical Officer, Scott Burger as Chief Commercial Officer, Andrew Miller as Chief Technology Officer, and Windi Hary as Senior Vice President of Regulatory Affairs and Quality Management. Elevage Medical was advised by Latham and Watkins. Elucid was advised by Honigman LLP.
About Elucid
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Elucid is a Boston-based medical technology company dedicated to bringing precision patient care, as currently practiced in oncology, to cardiology. Its AI-powered imaging analysis software is designed to understand the root cause of cardiovascular disease deeply. PlaqueIQ powers Elucid's plaque analysis software, the only FDA-cleared computed tomography angiography (CTA) algorithm that objectively quantifies plaque morphology validated against tens of thousands of tissue annotations by renowned pathologists. Elucid is also pursuing an indication for FFRCT, uniquely derived from its PlaqueIQ technology, to measure coronary blockages non-invasively and the extent of ischemia. PlaqueIQ equips physicians with critical information for assessing the risk of plaque rupture in arteries that can lead to heart attack and stroke. The Elucid plaque analysis software is available for commercial use in the U.S., UK, EU, and South Korea.
About Elevage Medical Technologies
Elevage Medical Technologies is a platform created by Patient Square Capital dedicated to supporting medical device and technology companies that can meaningfully improve health outcomes and quality of life for patients. Through capital investment and strategic operational support, Elevage strives to accelerate the pace of innovation in the medical device and technology space.
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