Thanks. That is a very informative web site. It gives one an idea of the caliber of people CRY is working with. It is also explains a lot about the problems with heart valves and that most of the solutions are far from perfect.
I look at Valvexchange as a venture capital type investment and a good way to do some R&D at the cutting edge.
They have just disclosed a little bit about it. It is an investment in a company that was started by some heart surgeons from the Cleveland Clinic. They have a unique way of repairing the bottom of a heart valve that saves a lot of money. CRY owns 19% of the company with options of first refusal if more investment is needed. Last I heard the doctors performed a successful surgery in South America.
That's about all I recall and I could be wrong. Do your own homework.