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cyberonics

Appeals court denies ex-Cyberonics rep’s False Claims Act lawsuit

December 19, 2016 By Brad Perriello

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 […]

Filed Under: Legal News Tagged With: cyberonics, Sales

Ex-Cyberonics rep asks appeals court to reinstate whistleblower suit

November 9, 2016 By Fink Densford

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 […]

Filed Under: Business/Financial News, Legal News, Neuromodulation/Neurostimulation Tagged With: cyberonics

Japan approves Livanova’s Kora 250 MRI-safe pacemaker

January 28, 2016 By Brad Perriello

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 […]

Filed Under: Regulatory/Compliance, Replacement Heart Valves Tagged With: cyberonics, Japanese Pharmaceuticals and Medical Devices Agency, LivaNova, Sorin Group

Bioventus taps ex-Medtronic CEO Hawkins for chairman | Personnel Moves

January 15, 2016 By Brad Perriello

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. […]

Filed Under: Business/Financial News Tagged With: Bioventus LLC, cyberonics, Direct Flow Medical Inc., Hansen Medical Inc., Immucor Inc., LivaNova, Medtronic, Personnel Moves, Skyline Medical, Sorin Group

FDA approves LivaNova’s Perceval heart valve

January 11, 2016 By Brad Perriello

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 […]

Filed Under: Cardiovascular, Food & Drug Administration (FDA), Replacement Heart Valves Tagged With: cyberonics, LivaNova, Sorin Group

Sorin, Cyberonics name last 2 post-merger board members

October 9, 2015 By Fink Densford

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 , […]

Filed Under: Business/Financial News Tagged With: cyberonics, LivaNova, Sorin Group

U.K. regulators OK Sorin-Cyberonics merger

September 23, 2015 By Fink Densford

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 ( […]

Filed Under: Business/Financial News Tagged With: cyberonics, LivaNova, Sorin Group

Ex-Medtronic strategy veep Oesterle joins VC shop New Enterprise Associates | Personnel Moves

September 10, 2015 By Fink Densford

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, […]

Filed Under: Business/Financial News Tagged With: Allergan, Boston Scientific, Ceterix Orthopaedics, cyberonics, Evolent Health, iCad Inc., Intronix, Iridex Corp., Johnson and Johnson, LeMaitre Vascular Inc., LivaNova, Medtronic, New Enterprise Associates, Personnel Moves, Seno Medical Instruments, Sorin Group, STAAR Surgical Co, VisionCare Ophthalmic Technologies, Zoll Medical

Sorin’s Q2 earnings plunge on Cyberonics merger costs

July 31, 2015 By Brad Perriello

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 […]

Filed Under: Cardiovascular, MassDevice Earnings Roundup, Mergers & Acquisitions Tagged With: cyberonics, LivaNova, Sorin Group

Italian state attorney moves to block Sorin merger with Cyberonics

July 27, 2015 By Brad Perriello

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 […]

Filed Under: Cardiovascular, Legal News, Mergers & Acquisitions, Neuromodulation/Neurostimulation Tagged With: cyberonics, Sorin Group

Sorin and Cyberonics rebrand as LivaNova

June 25, 2015 By Fink Densford

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 […]

Filed Under: Business/Financial News, Mergers & Acquisitions Tagged With: cyberonics, LivaNova, Sorin Group

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