French heart prosthesis firm Carmat at risk of insolvency by end-June

Carmat SA

20/06/2025 17:50

June 20 (Reuters) - French heart prosthesis company Carmat ALCAR.PA is in a critical financial situation and will be at risk of insolvency by the end of this month, it said in a statement on Friday.

Carmat needs 3.5 million euros ($4.04 million) to avoid insolvency by the end of June, it said.

     It said it is actively exploring financing options and is launching a campaign seeking donations through an online platform.

($1 = 0.8673 euros)

 (Reporting by Mathias de Rozario in Gdansk; Editing by Jan Harvey)

 ((mathias.derozario@thomsonreuters.com;))