Edwards CEO Mussallem announces stock plans | Personnel Moves

May 7, 2012 By MassDevice staff

Edwards’ CEO Mussallem exercises stock options
Edwards Lifesciences (NYSE:EW) chairman & CEO Michael Mussallem will this month begin exercising stock options that were nearing expiration through a pre-arranged stock trading plan under SEC rule 10b5-1.

The plan allows Mussallem to exercise and sell up to 35,000 shares per month with the intent of spreading sales smoothly over an extended period of time. Under Edwards policy, Mussallem must hold EW shares worth at least 6 times his base salary and at the conclusion of his planned sell-off he will still hold shares "well in excess" of that guideline, according to a press release.

EW shares were up 0.6% to $85.49 as of about 4:15 p.m. today. Read more

SRS Medical promotes Lee Brody to the corner office
Billerica, Mass.-based SRS Medical named Lee Brody, former company COO, to the corner office. Brody plans to focus on growing the company’s non-invasive CT3000 pressure-flow system, according to a statement. Read more

Advanced Cardiac Therapeutics shuffles the deck, builds its hand to support commercialization
Advanced Cardiac Therapeutics announced the appointment of Bill Olson as president & CEO as the company aims to build support behind commercialization and clinical efforts for its Tempasure cardiac ablation catheter.

The company also added ORSCO Life Sciences founder Oern Stuge to its board of directors and named Miriam Taimisto its VP of research & development. Read more

CardioKinetix names Maria Sainz president & CEO
Menlo Park, Calif.-based heart failure treatment maker CardioKinetix named Maria Sainz its new president & CEO. With more than 20 years in medical devices, Sainz was most recently general manager for Stryker‘s (NYSE:SYK) neurovascular division. Read more

Zeltiq interim president & CEO Mark Foley to receive $50k per month
Zeltiq (NSDQ:ZLTQ) named Mark Foley interim president & CEO following the resignation of Gordie Nye, who stepped down for personal reasons mid-April. Foley will receive $50,000 monthly during his stint as interim company head in addition to stock options, according to SEC filings. Read more

Lantheus Medical hires Alexander Kuta as VP of global regulatory affairs and Nigel Williams as VP of quality

C.R. Bard appoints Christopher Holland as chief financial officer

Toshiba America Medical Systems names Calum Cunningham VP of business operations

Packaging Compliance Labs expanding in Michigan
Packaging Compliance Labs, LLC (PCL) will be expanding its current operations in Kentwood, Mich. In addition to a capital investment of $2.57 million, the company will bring 27 new jobs to the area. The medical device and pharmaceutical packaging engineering and validation firm, along with its sister company, SmartStart Medical (SSM), will take on the… […]
Survey: Half of heart attack patients avoid the hospital during pandemic
The number of heart attack patients seeking urgent hospital care has dropped by more than 50% worldwide during the COVID-19 outbreak, according to a survey by the European Society of Cardiology (ESC). The survey of 3,101 healthcare professionals in 141 countries was conducted in mid-April.The findings are published in European Heart Journal — Quality of… […]
Resolution Medical hires industry veteran as CEO
Resolution Medical recently announced that it has brought on industry veteran David Blaeser as its new CEO. The Fridley, Minn.–based medical device contract manufacturing and development company noted that Blaeser has 35 years of experience leading teams at Boston Scientific, Velocimed, Nidus, Endometabolic Solutions, Libra Medical, and Zift Medical. Most recently, he was founder and CEO… […]
The George Floyd case has rocked a major U.S. medtech hub: Here’s what industry leaders think
Major medtech companies with a presence in the Minnesota have been calling for peace, unity and racial justice following the death of George Floyd in police custody and the resulting demonstrations and violence. Executives from Boston Scientific, Medtronic and the Medical Alley Association have penned open letters expressing their concerns and pledging to do better.… […]
Summit Medical produces 1 million face shields in 8 weeks
Summit Medical recently announced that it has delivered more than 1 million FDA-compliant face shields for to protect healthcare workers and returning business employees during the COVID-19 pandemic. St. Paul-based Summit Medical said it designed, engineered and manufactured the face shields in just 8 weeks, cross-training staff to assemble them and saving 65 employees’ jobs.… […]
PAVmed inks deal with Canon Virginia on ear tube manufacturing
Pavmed (NSDQ:PAVM) today announced it plans to develop and use Canon Virginia’s commercial-grade and scalable aqueous silk fibroin molding process to manufacture its DisappEAR molded pediatric ear tubes. Under terms outlined in a letter of intent, PAVmed and Canon Virginia propose to enter into two sequential agreements covering a 5-phase project culminating in the commercialization of… […]
Study finds delays in seeking stroke treatment amid COVID-19
Ischemic stroke patients are showing up to the hospital an average of 160 minutes later during the COVID-19 pandemic than during a similar timeframe in 2019, according to a new study. The delay is affecting both stroke survival and recovery, add stroke surgeons from the Society of NeuroInterventional Surgery (SNIS). The first study to confirm… […]
Performance Motion Devices touts new Juno outer loop control ICs
Performance Motion Devices announced the launch of its Juno outer loop control ICs for use in medical, industrial and military applications. The Westford, Mass.-based company’s new Juno product joins a portfolio of velocity and toque control ICs (integrated circuits) used for spindle control, centrifuge control, precision torque control and other liquid handling and laboratory automation… […]
Lille Group releases Cardiac Signals cloud-based patient monitoring software
Lille Group announced today that it launched its Cardiac Signals cloud-based software platform for healthcare professionals to monitor cardiac patients remotely. The secure platform enables cardiology practices and hospitals to manage cardiac patients remotely with ease and efficiency, which is aimed to help during a potential telehealth boom as the COVID-19 pandemic continues and onsite… […]
The secret to building a successful medtech career
In this week’s DeviceTalks Weekly podcast, Edwards Lifesciences executive Dr. Todd Brinton shares the one trait he looks for in job candidates that can trump talent and ability. Brinton, who is VP of advanced technology and chief scientific officer at Edwards Lifesciences (NYSE:EW), also offered tips on when candidates need to shift from conforming to differentiating.… […]
Medtronic is making its ‘artificial lung’ therapy available for COVID-19 treatment
Medtronic (NYSE:MDT) is temporarily modifying product indications so that health providers can use its extracorporeal membrane oxygenation (ECMO) technology to treat people with severe cases of COVID-19. ECMO could be described as a type of “artificial lung” technology that pumps blood from a person’s body to an oxygenator that provides long-term oxygen and carbon-dioxide transfer. Medtronic… […]