LivaNova (NSDQ:LIVN) said last week that it picked up former Johnson & Johnson medical device group chief financial officer Thad Huston as its new CFO, effective May 20. Huston will replace former CFO Vivid Sehgal, who coordinated with Huston during the transition. Huston spent more than 25 years with Johnson & Johnson, and held various positions, […]
LivaNova
UK’s MHRA issues alert over SVD issues in select Mitroflow LX valves
The UK’s Medicines and Healthcare products Regulatory Agency today published a notice warning of an increased risk of early structural valve deterioration in select LivaNova (NSDQ:LIVN) Mitroflow LX pericardial aortic heart valves. The alert applies only to Mitroflow LX model valves marketed in the UK between 2005 and 2014, and indicates that patients implanted with the […]
LivaNova sees shares rise on Q1 EPS beat
Shares in LivaNova (NSDQ:LIVN) rose today after the medical device maker beat EPS expectations on Wall Street with its 1st quarter results. The London-based company posted profits of $11.3 million, or 23¢ per share, on sales of $285.1 million for the 3 months ended March 31, seeing a 128% swing from the red on the bottom-line […]
LivaNova buys out Caisson Interventional for $72m
LivaNova (NSDQ:LIVN) yesterday said it put up $72 million to acquire the remaining stake in Caisson Interventional, which is developing a implantable device to replace the heart’s mitral valve. Maple Grove, Minn.-based Caisson’s transcatheter mitral valve replacement is designed to be delivered across the heaert’s septum via the femoral vein and can be repositioned or withdrawn before final […]
Acelity taps Eckert to succeed Woody as CEO| Personnel Moves | April 5, 2017
Acelity said today it tapped R. Eckert as its new prez & CEO, succeeding Joseph Woody who is stepping away from Acelity following the company’s divestiture of its LifeCell division earlier this year. Eckert previously served as CEO of health information tech company TriZetto Corp, and has led 5 other companies including CRC Health Group, Eclipsys […]
LivaNova ticks up on affirmed outlook
LivaNova (NSDQ:LIVN) shares are up today after the medical device company affirmed its outlook for the rest of the year. London-based LivaNova, formed by the $3 billion merger of Sorin Group and Cyberonics in 2015, said it still expects to post adjusted earnings per share of $3.25 to $3.45 on constant-currency sales growth of 1% to 3%. That sent LIVN shares […]
LivaNova slips despite Q4, 2016 earnings beats
LivaNova (NSDQ:LIVN) eked out an earnings beat for its 1st full year as a public company, despite missing expectations for its top line, but share prices still fell today in early trading. LivaNova, formed by the $3 billion merger of Sorin Group and Cyberonics in 2015, posted losses of -$29.8 million, or -61¢ per share, on sales of $310.6 million […]
LivaNova to exit London Stock Exchange
LivaNova (NSDQ:LIVN) said today that it plans to stop trading on the London Stock Exchange, citing the low volume of trading in its shares there. Formed by the $3 billion merger of Sorin Group and Cyberonics, LivaNova said it plans to stop trading on the LSE as of the close of trading there April 4. LIVN shares will still […]
LivaNova initiates recall of FlexTherm heater cooler devices
LivaNova (NSDQ:LIVN) this week released a field safety notice it sent to customers with its FlexTherm heater cooler device informing them it is voluntarily removing all such devices installed at customer sites over design issues. The company said it “conducted a thorough review” of the FlexTherm’s design and concluded that “the design concept does not fully […]
LivaNova touts high survival, freedom from reoperation in Perceval study
LivaNova (NSDQ:LIVN) last week released data from study of its Perceval sutureless valve, touting a high rate of freedom from reoperation and survival. Results from the study was presented at The Society of Thoracic Surgeons 53rd annual meeting last week. Data came from 617 patients who underwent aortic valve replacements at a single center, London-based LivaNova […]
LivaNova shares tumble on CEO exit, Q3 earnings report
LivaNova (NSDQ:LIVN) shares slid nearly 15% today after the company announced the resignation of CEO André-Michel Ballester and released its 3rd quarter earnings. The London-based company said its current CEO Ballester will resign effective December 31 this year, to be replaced by current COO Damien McDonald. Ballester served as CEO at Sorin from 2007 to 2015, […]