Ownership
Public
Employees
~51
Therapeutic Areas
OtherCardiovascularNeurology
Stage
Commercial
Preclinical
Phase 1
Phase 2
Phase 3
Approved
Modalities
Drug-eluting biomaterialsAcellular biologic matrices

Elutia General Information

Elutia has commercialized two main product lines—CanGaroo and SimpliDerm—both leveraging its proprietary drug-eluting biomaterial platform. CanGaroo provides an acellular envelope for cardiac devices to reduce infection and fibrotic response; SimpliDerm serves as a human acellular dermal matrix for soft tissue repair. The company’s new product, EluPro, recently received FDA clearance and competes directly with Medtronic’s TYRX in the antibiotic-eluting envelope market. Clinical data suggest that using natural biologics instead of synthetic polymers leads to better remodeling into healthy tissue and less scar formation.

Contact Information

Primary Industry
Implantable Medical Devices
Corporate Office
Silver Spring, Maryland
United States

Drug Pipeline

CanGaroo
Commercial
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Drug Asset 2
Phase X
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Drug Asset 3
Phase X
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Key Partnerships

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Elutia Funding

Deal TypeDateAmountStatusStage
InvestmentMay 9, 2025$15.0MCompletedCommercial
Early Stage VC (Series A)04-Jun-2020$38MCompletedPhase 1
Seed Round12-Feb-2019$8.5MCompletedStartup

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Elutia Financial Metrics

Market Cap
$43.6M
Total Revenue
$3.3M
Enterprise Value
$18.8M