A federal appeals court last week denied a former Cyberonics sales rep’s bid to reinstate a File Claims Act suit, finding that plaintiff Andrew Hagerty failed to produce enough evidence to back his claims and waited to long to amend his complaint. Hagerty, who according to court documents worked for Cyberonics between 2010 and 2012, claimed […]
Ex-Cyberonics rep asks appeals court to reinstate whistleblower suit
A former Cyberonics (NSDQ:CYBX) sales rep this week asked the 1st Circuit Court of Appeals to reinstate a File Claims Act suit, claiming his allegations were sufficient to show that the company pressed its reps to offer unnecessary epilepsy implant procedures. The plaintiff, Andrew Hagerty, worked for Cyberonics between 2010 and 2012 and claims that the […]
Japan approves Livanova’s Kora 250 MRI-safe pacemaker
LivaNova (NSDQ:LIVN) said today that it won Japanese approval for its Kora 250 MRI-safe pacemaker line. The Japanese Pharmaceuticals and Medical Devices Agencyapproval for the Kora 250 SR and Kora 250 DR devices covers full-body MRI scans, London-based LivaNova said. The company was formed by the $2.7 billion merger of Sorin Group and Cyberonics last year. “In collaboration with […]
Bioventus taps ex-Medtronic CEO Hawkins for chairman | Personnel Moves
Bioventus said it tapped former Medtronic (NYSE:MDT) and Immucor (NSDQ:BLUD) chief Bill Hawkins to be its new chairman, replacing Dan LeMaitre. Hawkins, who’s slated to appear at the upcoming DeviceTalks event in Raleigh, N.C., had the corner office at Medtronic from 2007 until 2011, when he took the helm at Immucor, where is he lead director. […]
FDA approves LivaNova’s Perceval heart valve
The FDA approved the Perceval sutureless replacement heart valve made by LivaNova (NSDQ:LIVN) (the company formed by the union of Sorin and Cyberonics), the company said today. London-based LivaNova said it plans to begin commercial distribution of the Perceval valve, which is designed to replace the heart’s aortic valve using a self-anchoring frame. “We are excited to […]
Sorin, Cyberonics name last 2 post-merger board members
LivaNova, the combined company from Sorin Group (BIT:SRN) and Cyberonics (NSDQ:CYBX) merger, announced the last 2 of its remaining board members. The board will contain 9 members, with 4 coming from Sorin, 4 from Cyberonics and 1 elected jointly, the merged companies said. Previously named Sorin designee Massimo Tononi will be replaced by Stefano Gianotti , […]
U.K. regulators OK Sorin-Cyberonics merger
The High Court of England and Wales today approved the $2.7 billion merger of medical giants Cyberonics (NSDQ:CYBX) and Sorin Group (BIT:SRN), now known as LivaNova. The U.K.-approved merger will go into effect October 19, according to the companies. With the approved transaction, each Sorin share will be converted to 0.0472 ordinary shares of $1.52 ( […]
Ex-Medtronic strategy veep Oesterle joins VC shop New Enterprise Associates | Personnel Moves
Venture capital firm New Enterprise Associates said today it picked up ex-Medtronic (NYSE:MDT) executive veep Dr. Stephen Oesterle as a venture partner for the firm. Prior to being an executive veep for the medical giant, Oesterle served as senior veep of medicine and technology, and served as a member of the executive committee for 14 years, […]
Sorin’s Q2 earnings plunge on Cyberonics merger costs
Sorin Group (BIT:SRN) said yesterday that its 2nd-quarter profits plunged nearly 80% , largely due to costs from its pending, $2.7 billion merger with Cyberonics (NSDQ:CYBX). Milan-based Sorin said profits were €2.1 million ($2.3 million), down -79.0% from €10.0 million ($11.1 million) during Q2 2014. The merger with Cyberonics into a new entity called LivaNova cost €16.6 million ($18.4 […]
Italian state attorney moves to block Sorin merger with Cyberonics
An Italian state attorney in Milan moved to block the pending, $2.7 billion merger between Sorin Group (BIT:SRN) and Cyberonics (NSDQ:CYBX), seeking to prevent Sorin from dodging a $3.76 billion environmental lawsuit filed against its former corporate parent. Sorin and Cyberonics, which announced the merger in February, plan to re-brand the combined company as LivaNova and […]
Sorin and Cyberonics rebrand as LivaNova
Sorin Group (BIT:SRN) and Cyberonics (NSDQ:CYBX) said today that LivaNova will be the new name for the merged companies. The companies said the name was chosen through a combination of market research and employee participation from both Sorin and Cyberonics. “LivaNova combines a derivation of the English word life with the Latin word for new, embodying our core […]
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