The multi-center trial utilized the TaurusTrio^TM TAVR system to treat pure AR in 116 patients across 13 hospitals within China and is designed to assess the safety and efficacy of the TAVR system in treating patients with native symptomatic, severe AR, who were deemed to be at high or greater risk for surgical aortic valve replacement. Results of the clinical trial will be included Peijia's future submission of registration application to the National Medical Products Administration (NMPA).

In January 2022, Peijia and JenaValve entered into a technology licensing agreement wherein Peijia obtained the exclusive rights to develop and commercialize the Trilogy^TM Heart Valve System in the Greater China region under the TaurusTrio^TM brand.

"We are very pleased to have completed patient enrollment in the trial sooner than anticipated, having performed all implantations within approximately six months of the first procedure in July," said Dr. Michael Zhang, Chairman and Chief Executive Officer of Peijia Medical. "There is a substantial clinical need for a pure AR solution in China, and as our partnership with JenaValve evolves we look forward to providing even more patients the opportunity to access innovative technology and superior care."

Dr. Michael Zhang continued, "Following the exceptional results of the Trilogy ALIGN-AR Pivotal Trial as presented by JenaValve in a Late-Breaking Clinical Trial presentation at the 2023 Transcatheter Cardiovascular Therapeutics (TCT) Annual Scientific Symposium, we remain encouraged about the trial design here in China. The TaurusTrio^TM TAVR system represents a significant commercial opportunity for Peijia's structural heart division, and we are eager to announce the results of this domestic trial as a part of our mission to improve patient care and outcomes across China."

"We are excited to see the TaurusTrio^TM trial advance, bringing Peijia and JenaValve one step closer to our shared goal of delivering innovative TAVR technology to potentially millions of patients in China," said John Kilcoyne, Chief Executive Officer of JenaValve. Congratulations to the Peijia team. The pace of enrollment in this trial was exceptional and outstanding news for all those suffering from aortic regurgitation."