CARMAT intends to overcome the well-known shortfall in heart transplants for the tens of thousands of people with irreversible terminal heart failure. This concerns the sickest of the 20 million patients affected by this progressive disease in Europe and the United States. 2014 was an eventful year for the company, the publication of 2014 annual results of the company allows us to sum up the year performance:
Today, the CARMAT heart is a recognized as a leading project in Europe. The company with 47 employees enjoys the largest subsidy ever given to an SME by Bpifrance, an amount of €33M. No revenues were recorded by the company in 2014, the CARMAT total artificial heart still in clinical development and have not yet received CE marking (prior to commercialization in Europe). Net income at 31 December 2014 was €-18.3M against €-14.6M in 2013. However, during 2015, CARMAT should receive €2.2M research tax credit ( recorded at December 31, 2014) and €1.9M in grants and repayable advances under the contract with Bpifrance. Finally, CARMAT has secured its business development in early 2015 by the establishment of a new financing with the company Kepler Cheuvreux.