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neovasc

Neovasc advances warrant exchange from CardiAQ case

March 12, 2019 By Brad Perriello

Neovasc (NSDQ:NVCN) said today that it inked an exchange deal for the last of the warrants it issued as part of a $65 million funding round to cover the damages from litigation with Edwards Lifesciences (NYSE:EW) subsidiary CardiAQ Valve. The Vancouver-based replacement heart valve developer said it plans to exchange the Series A and Series E warrants it […]

Filed Under: Featured, Funding Roundup, Legal News, Replacement Heart Valves, Wall Street Beat Tagged With: neovasc

Neovasc prices $5m offering

February 26, 2019 By Fink Densford

Neovasc (NSDQ:NVCN) today priced a $5 million offering of its common stock slated to support its Reducer device and Tiara transcatheter mitral valve. The Vancouver-based company said it plans to float approximately 11.1 million shares of its common stock at a price of 45¢ per share, expecting to bring in approximately $5 million in gross proceeds. […]

Filed Under: Business/Financial News, Wall Street Beat Tagged With: neovasc

Neovasc inks $3m settlement deal with MID, raises $1m

February 20, 2019 By Fink Densford

Neovasc (NSDQ:NVCN) said today that it inked a $3 million settlement agreement with Micro Interventional Devices to resolve undisclosed allegations related to Neovasc’s transcatheter mitral valve replacement technology, including its flagship Tiara device, and added that it has raised approximately $1.2 million. The agreement includes payments totally approximately $3 million to be made by Neovasc to […]

Filed Under: Business/Financial News, Cardiovascular, Legal News Tagged With: Micro Interventional Devices, neovasc

Neovasc jumps on Tiara trial news

January 29, 2019 By Brad Perriello

Neovasc (NSDQ:NVCN) said today that it won approval to advance a clinical trial for its Tiara transcatheter mitral valve replacement, sending its share price up on Wall Street. The Vancouver-based company said it closed out the Phase I requirements for the 115-patient Tiara-II trial in the U.K. and Germany, after several reviews. The Clinical Events Committee […]

Filed Under: Clinical Trials, Replacement Heart Valves, Wall Street Beat Tagged With: neovasc

Neovasc touts Reducer study

January 24, 2019 By Sarah Faulkner

Neovasc (NSDQ:NVCN) this week touted a newly-published article that described the use of dipyridamole stress perfusion cardiac magnetic resonance to evaluate its Reducer device. The Vancouver-based company’s device is designed to treat refractory angina. The article, published in the Journal of the American College of Cardiology: Cardiovascular Interventions, featured a 66 year old man with angina who […]

Filed Under: Clinical Trials, Featured, Vascular Tagged With: neovasc

Edwards Lifesciences settlement with Boston Scientific lets Neovasc off the hook

January 22, 2019 By Brad Perriello

Last week’s legal win for Boston Scientific (NYSE:BSX) in its years-long patent battle with Edwards Lifesciences (NYSE:EW) was also a win for Neovasc (NSDQ:NVCN), that company said today. As part of a settlement deal worked out between Irvine, Calif.-based Edwards and Marlborough, Mass.-based Boston Scientific, the Federal Court of Canada dismissed a lawsuit brought by Edwards against Boston, […]

Filed Under: Cardiac Implants, Legal News, Replacement Heart Valves Tagged With: Boston Scientific, Edwards Lifesciences, LivaNova, neovasc

Neovasc dives on Q3 bottom-line miss

November 15, 2018 By Brad Perriello

Neovasc (NSDQ:NVCN) shares took a hit this morning after the cardiac device maker missed expectations for its third-quarter losses. Vancouver-based Neovasc, which makes the Reducer refractory angina device and the Tiara transcatheter mitral valve replacement, said its losses grew 122.3% to -$12.9 million, or -70¢ per share, as sales fell -65.0% to $480,540 for the three […]

Filed Under: Featured, MassDevice Earnings Roundup, Replacement Heart Valves, Wall Street Beat Tagged With: neovasc

Neovasc touts Tiara TMVR success rate in study

October 16, 2018 By Nancy Crotti

A small study of the Neovasc (NSDQ:NVCN) Tiara transcatheter mitral valve replacement (TMVR) in high-risk patients revealed a 100% procedural success rate and immediate elimination of mitral regurgitation. Published in Circulation: Cardiovascular Interventions, the study also showed no death, myocardial infarction, stroke, major bleeding, or access site complications at 30 days. The twelve patients in the study […]

Filed Under: Cardiac Implants, Cardiovascular, Featured, Replacement Heart Valves, Research & Development Tagged With: Mayo Clinic, neovasc

NeoVasc shares jump on 12-week Reducer data

October 3, 2018 By Fink Densford

Neovasc (NSDQ:NVCN) today saw shares jump after it released 12-week data from the first patient implanted with its Reducer device designed for treating refractory angina. The Reducer system is designed to alter blood flow in the heart’s circulatory system to increase perfusion of oxygenated blood to ischemic areas of heart muscle, and can be placed in […]

Filed Under: Cardiovascular Tagged With: neovasc

Neovasc sets date for 1-for-100 reverse split

September 19, 2018 By Fink Densford

Neovasc (NSDQ:NVCN) said yesterday it will initiate a 1-for-100 reverse stock split on Friday as it looks to meet the Nasdaq stock market’s minimum bid price requirement. Through the split, the Vancouver-based company will put a single share of its common stock into the hands of each shareholder for every 100 shares they currently possess. The […]

Filed Under: Business/Financial News, Featured, Wall Street Beat Tagged With: neovasc

Neovasc talks note holders into another year, announces 1-for-100 reverse stock split

September 12, 2018 By Fink Densford

Neovasc (NSDQ:NVCN) said today that holders of its senior secured convertible notes, originally due May 17, 2019, have agreed to extend the maturity of the notes from next year to May 17, 2020, and said yesterday it will initiate a reverse stock split as it looks to regain compliance with minimum bid price requirement of the […]

Filed Under: Business/Financial News, Featured, Wall Street Beat Tagged With: neovasc

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