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CVRx (CVRX) investor relations material

CVRx Canaccord Genuity’s 45th Annual Growth Conference summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Canaccord Genuity’s 45th Annual Growth Conference summary12 Aug, 2025

Market Opportunity and Therapy Overview

  • Barostim is the first neuromodulation therapy for heart failure, targeting a $2.2B annual U.S. market with a well-defined, underserved patient population and few competitors.

  • Heart failure affects over 6 million people in the U.S., with high hospitalization rates, limited effectiveness from current drug therapies and CRT, and projected annual costs of $70B by 2030.

  • Barostim is indicated for patients not adequately helped by drugs, addressing the "forgotten middle" and supported by new consensus guidelines recommending device therapy after 3–6 months of unsuccessful medical management.

  • The device is minimally invasive, implanted in a 45–60 minute outpatient procedure, is entirely extravascular, and has a 97% freedom from significant complications.

  • Clinical data show Barostim delivers durable, significant improvements in quality of life and exercise capacity, with a 94% responder rate and strong signals for reduced hospitalizations and mortality.

Clinical and Real-World Evidence

  • Quadruple drug therapy improves survival but has minimal impact on quality of life, with only 1% of patients reaching optimal dosing and over 40% discontinuing within a year.

  • Barostim showed a twofold improvement in exercise capacity and quality of life compared to standard drug therapies, as evidenced in the BeAT-HF trial.

  • The BeAT-HF trial indicated a 34% relative reduction in all-cause death, LVAD, or transplant over more than four years, though this was not a powered endpoint.

  • Real-world data from 2021–2023 showed an 85% reduction in hospital and emergency department visits post-Barostim implant.

  • Most heart failure patients value symptom improvement over longevity, with 65% willing to accept shorter life for fewer symptoms.

Commercial Strategy and Organizational Changes

  • The go-to-market strategy focuses on building a specialized sales team, developing sustainable Barostim programs, deepening adoption at select centers, and systematically addressing barriers of awareness, evidence, and access.

  • 41% of quota-carrying sales reps are new in 2023 or 2025, causing short-term disruption but expected to drive long-term growth as onboarding and training progress.

  • Senior management and sales team have been streamlined, reducing direct reports and aiming for a scalable, high-competency leadership structure.

  • The sales approach has evolved to include select tier 3 and 4 accounts, optimizing territory potential and leveraging pragmatic entry strategies at academic centers.

  • Execution and productivity of the new sales force are the current focus, with expectations for improved results over the next two quarters.

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Frequently asked questions

CVRx Inc. is a medical device company focused on developing neuromodulation technologies for cardiovascular conditions. The company’s implantable systems are designed to stimulate specific nerves to address heart failure and hypertension. CVRx markets its products to healthcare providers through a direct sales force and distribution network. The company is headquartered in Minneapolis, Minnesota, and its shares are listed on the NASDAQ.

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