The U.S. Centers for Disease Control & Prevention yesterday warned of the risk of serious bacterial infection in open heart surgery patients patients from a device made by Sorin, which merged last year with Cyberonics to form LivaNova (NSDQ:LIVN). The 3T heater-cooler device is used to maintain patients’ blood and organs at a specific temperature. The CDC said the devices may have been contaminated […]
LivaNova
Medtronic, LivaNova get in on $12m round for European medtech incubator MD Start
A European medical device incubator said yesterday that it raised nearly $12 million from backers including Medtronic (NYSE:MDT) and LivaNova (NSDQ:LIVN). Paris-based MD Start invested in 3 companies using its 1st fund and has already invested in a 4th from the just-announced $11.5 million fund, which was led by French public investment bank Bpifrance and included Sofinnova Partners. “MD Start II […]
LivaNova’s Sorin can’t shake heater-cooler lawsuit
Sorin, which merged last year with Cyberonics to form LivaNova (NSDQ:LIVN), must face a lawsuit brought by cardiac bypass surgery patients alleging that they contracted an infection from the Sorin 3T heater-cooler system used during their procedures. Plaintiffs Edward Baker and Jack Miller alleged that they were exposed to the nontuberculous mycobacterium at a pair of hospitals in Pennsylvania that later […]
LivaNova launches next-gen ICD, CRT-Ds in US
LivaNova (NSDQ:LIVN) said today it is launching its next-gen Platinium implantable cardiac defibrillators and cardiac resynchronization therapy devices in the U.S. The next-gen devices include improved longevity and lower energy consumption, with service life projected over 14 years for single-chamber ICDs, 13 years for dual-chamber ICDs and 10 years for CRT-D devices, LivaNova said. “The technology […]
Haemonetics taps ex-Medtronic CIO Burke as new CFO | Personnel Moves August 4, 2016
Haemonetics taps ex-Medtronic CIO Burke as new CFO Haemonetics (NYSE:HAE) said this week it tapped former Medtronic (NYSE:MDT) chief integration officer William Burke as its new chief financial officer, effective August 8. Burker operated as CIO with Medtronic since 2015, serving during the integration of Covidien. Prior to that, he held various finance positions with […]
LivaNova posts beat-and-raise Q2
LivaNova (NSDQ:LIVN) today posted Street-beating 2nd quarter earnings, raising its guidance and seeing shares rise over 10%. The U.K.-based company reported profits of $9 million, or 18¢ per share, on sales of $321 million for the 3 months ended June 30. The company saw an increase of 1.3% on overall sales, with a 0.7% increase on […]
Belgian neurostim-based sleep apnea dev Nyxoah raises $20m
Belgian developer Nyxoah said yesterday it raised $20 million (EU €18 million) to support its progress towards eventual CE Mark and FDA approval for its novel neurostimulation based disruptive therapy for patients with obstructive sleep apnea. The company is developing a lead-free neurostimulator designed to deliver bilateral hypoglossal nerve stimulation to treat moderate to severe […]
Top execs retire as LivaNova retools, adds COO role
LivaNova (NSDQ:LIVN) said today that it’s retooling its organizational structure, adding a chief operating officer role and announcing the retirement of a pair of top executives. London-based LivaNova, which was formed by the merger of Sorin Group and Cyberonics last year, said cardiac rhythm management president Stefano Di Lullo and cardiac surgery president Michel Darnaud are […]
FDA warns on risk of heart infection with LivaNova’s Stӧckert 3T heater-cooler
The FDA warned patients and doctors today about the risk of a type of bacterial infection posed by the Stӧckert 3T heater-cooler made by Sorin, known as LivaNova (NSDQ:LIVN) since its merger with Cyberonics last year. Late last year the FDA said it logged 32 reports of patients with infections associated with the devices, with 25 received in 2015. Heater-cooler […]
Skyline Medical CEO Kornberg steps down, Schwartz takes over as interim | Personnel Moves May 20, 2016
Skyline Medical CEO Kornberg steps down, Schwartz takes over as interim chief exec Skyline Medical said earlier this month that prez and CEO Joshua Kornberg has stepped away from his roles at the company, and is being replaced by Carl Schwartz who will serve as interim chief executive. Prior to his time at Skyline, Schwartz served […]
LivaNova dips on Q1 earnings release
LivaNova (NSDQ:LIVN) saw shares dip after reporting its 1st quarter 2016 earnings that were just below the Street. The company reported losses of $40.4 million, or 83¢ per share, on sales of $287 million for the 3 months ended March 31, 2016. That amounts to sales growth of 1.3% compared with the same period in 2015. […]