French heart prosthesis company Carmat 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)
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