Neurescue's EIC Accelerator Catheter Got Its CE Mark in 2025

21 October 20261,280 words7 min

Most people whose heart stops cannot be helped by a defibrillator. Shocks only work on certain heart rhythms; in about 81% of cardiac arrests the rhythm is non-shockable, and only 4% of those patients survive, according to Neurescue. The Copenhagen company has built a catheter that, during CPR, inflates a soft balloon in the descending aorta. With the lower body cut off, the blood that chest compressions push around goes to the heart and brain instead.

The EIC Accelerator selected the project, PULSE, at its October 2024 cut-off for a grant of €2,499,999, according to CORDIS. In September 2025, three months into the project, the device received a CE mark for non-shockable cardiac arrest. It is the second time the EU has funded the same device: a 2018 SME Instrument project promised a commercial roll-out by 2021. The new target is 2027.

€2.5MEIC Accelerator grant for PULSE, grant only
CE markFor non-shockable cardiac arrest, September 2025
16Patients in the two trials registered on ClinicalTrials.gov

Company file

Legal entity
Neurescue ApS, CVR 35802185
Founded
13 March 2014
Headquarters
Copenhagen
Founder and CEO
Habib Frost, MD
Investors
West Hill Capital (Series A lead); SEED Capital, GreenOcean Capital and Nina Capital per Preqin
Staff
12, per the latest registry data
Approvals
FDA 510(k) for large-vessel occlusion (2021); CE mark for non-shockable cardiac arrest (2025)
EIC project
PULSE, agreement 101218281, June 2025 to May 2027

A balloon in the aorta during CPR

Blocking the aorta with a balloon is also a way to stop severe bleeding, and that is the use the device is cleared for in the United States. For cardiac arrest, Neurescue built it for speed outside the operating room: a catheter and a handheld control unit that inflate and deflate the balloon automatically, with a sensor in the catheter giving position feedback, so that no X-ray imaging is needed. The device is meant to bridge patients to a heart-lung machine, a heart pump or a coronary intervention, according to DAIC's report on the CE mark.

The PULSE summary claims the device can extend the resuscitation window from 20 to 30 minutes to about 60 minutes and could raise survival by up to 40%. Those are the company's projections; no published trial has shown a survival effect.

What the company says

The first and only device approved for non-shockable cardiac arrest, survival gains of up to 40%, and €931 million in revenue by 2033.

What the record shows

A CE mark after an expedited six-month MDR review, two registered feasibility studies with 16 patients and no posted results, and no revenue in the accounts.

The record

The commercial roll-out moved from 2021 to 2027

Two EU projects funded the same device six years apart; the first promised a market launch by 2021, the second by 2027.

  1. Mar 2014Company foundedNeurescue ApS registered in Copenhagen
  2. Aug 2018SME Instrument phase 2CAtALySt project promises a commercial roll-out by 2021€1.63M
  3. 2021FDA 510(k)Cleared for temporary occlusion of large vessels, including haemorrhage control, not cardiac arrest
  4. 2022 to 2024ARISE feasibility studies10 patients in Berlin and Heidelberg, 6 in Long Beach; no results posted
  5. Jan 2024Series ALed by West Hill CapitalDKK 50M
  6. Oct 2024EIC Accelerator cut-offPULSE selected, grant only
  7. Jun 2025PULSE startsClinical validation toward a roll-out by 2027€2.5M
  8. Sep 2025CE markTÜV SÜD approves the device for non-shockable cardiac arrest under the MDR
  9. May 2027PULSE endsScheduled end of the EIC projectScheduled

Danish company register via estatistik.dk, CORDIS, ClinicalTrials.gov, Business Wire, West Hill Capital, DAIC.

The 2018 project and its 2021 promise

The EU first funded the device under Horizon 2020. The SME Instrument phase 2 project CAtALySt received €1,632,251.25 from August 2018 to January 2023 to collect data for FDA clearance and the CE mark and to treat 20 cardiac arrest patients in Germany and the United States. It projected that the device would be "ready for commercial roll-out by 2021".

The FDA cleared the device through the 510(k) route in 2021, but for temporary occlusion of large vessels, including emergency control of bleeding, not for cardiac arrest, according to the company's June 2021 announcement. The cardiac arrest trials followed. ARISE-EU enrolled 10 patients at the Charité in Berlin and the University Hospital Heidelberg between August 2022 and November 2023; ARISE enrolled 6 patients at Long Beach Medical Center in California between December 2022 and September 2024. Both are listed as completed, and neither has posted results.

CE mark in the first months of PULSE

On 9 September 2025 Neurescue announced that TÜV SÜD had granted the CE mark for the treatment of non-shockable cardiac arrest after an expedited review of about six months under the Medical Device Regulation, as DAIC reported. In trials, every physician who tried the procedure succeeded, with a mean procedure time of about five minutes, the company said. "For the first time, we now have a device for the vast majority of cardiac arrest patients who present as non-shockable," said founder and CEO Habib Frost.

The first PULSE periodic report, covering June 2025 to January 2026, lists finalised clinical protocols, manufactured sensor catheters and technology readiness level 7. It reports a 20% rate of return of spontaneous circulation and a 20% rhythm conversion rate in the feasibility study, and describes the ARISE trial as ongoing with 84 patients enrolled. That figure does not match the ARISE record on ClinicalTrials.gov, which lists the study as completed with 6 patients; the report does not say which study the 84 patients belong to.

  1. CE markDeliveredTÜV SÜD, September 2025, for non-shockable cardiac arrest.
  2. Clinical validationUnder way84 patients reported in period 1; no registered trial of that size or published outcome found.
  3. Adoption by emergency services and hospitalsNot yetNo customer or sales announced; no revenue in the accounts.
  4. Commercial roll-out by 2027Too earlyThe project runs to May 2027.

Losses growing faster than the funding

Neurescue raised a Series A of DKK 50 million, about €6.7 million, led by London-based West Hill Capital, as MedTech Innovator reported; West Hill announced a £5.5 million investment in January 2024.

The accounts filed with the Danish Business Authority show why it was needed. Equity was negative at the end of 2022 and 2023, at minus DKK 14.4 million in 2023, before the round lifted it to DKK 26.9 million at the end of 2024, according to estatistik.dk. The net loss rose from DKK 7.4 million in 2021 to DKK 12.9 million in 2024 and DKK 15.6 million in 2025, and equity fell to DKK 11.3 million at the end of 2025. The accounts report no revenue.

Profit and loss

Losses doubled in four years, to DKK 15.6M in 2025

Net result of Neurescue ApS. The accounts report no revenue.

Annual accounts filed with the Danish Business Authority, via estatistik.dk. Values in DKK millions.

At the 2025 rate of loss, the remaining equity would cover less than a year. The EIC grant runs alongside, but no new equity round has been announced since 2024.

Balance sheet

The Series A refilled equity, 2025 used more than half of it

Year-end equity of Neurescue ApS. Equity was negative at the end of 2022 and 2023, before the 2024 round.

Annual accounts filed with the Danish Business Authority, via estatistik.dk. Values in DKK millions.

A European answer to a common cause of death

Cardiac arrest causes 45% of the world's 17.9 million cardiovascular deaths a year, the PULSE report says, and a device that helps the large majority of patients a defibrillator cannot help would matter for every emergency service. The report puts the potential at more than 300,000 lives a year worldwide, a projection rather than a result. For now the CE mark gives European patients access first: in the United States the device is not cleared for cardiac arrest.

Verdict

Neurescue reached the milestone that matters most for a medical device, a CE mark for its intended use, early in the EIC project. Five years after the 2021 launch its first EU project promised, it still has no revenue, its registered trials are small and without published results, and its equity shrank by more than half in 2025. The next test is a published trial and the first hospitals that buy it.

Industry

HealthMedical devices

Focus
  • Cardiovascular devices
  • Critical care devices
Technologies
  • Catheter technology
Keywords
  • Cardiac arrest
  • Resuscitation
  • Emergency medicine
  • Bleeding