Sunshine Heart (NSDQ:SSH) said today it is rebranding under the moniker CHF Solutions. As part of the change, the company’s stock ticker will shift from SSH to CHFS, the Eden Prairie, Minn.-based company said, expected to take effect May 24. “We are pleased to align our corporate name and identity with our new commercial focus. CHF Solutions […]
Sunshine Heart Inc.
Sunshine Heart closes $9m offering
Sunshine Heart (NSDQ:SSH) said today it closed an underwritten public offering, bringing in approximately $9.2 million in gross proceeds. The round included the full exercise of the underwriter’s over-allotment option to purchase additional shares, the Eden Prairie, Minn.-based company said. A total of 2.8 million shares of common stock, 6,400 shares of preferred stock convertible to 6.4 […]
Sunshine Heart prices $8m offering
Sunshine Heart (NSDQ:SSH) today announced the pricing of an upcoming underwritten public offering, looking to raise $8 million. In the offering, Eden Prairie, Minn.-based Sunshine Heart will offer Class A units at $1 per and Class B units at $1,000 per unit. Each Class A unit will consist of 1 share of common stock and 1 […]
Organovo CEO Murphy steps away, Crouch steps up | Personnel Moves | April 14, 2017
Organovo (PINK:ONVO) said earlier this week that Taylor Crouch has been appointed as CEO, replacing Keith Murphy who is stepping away from the company. The changes are slated to go into effect on April 21. Prior to being tapped for the corner office, Crouch operated as CEO of investigative clinical research company eStudySite, the San Diego, […]
Despite stock backlash, reverse split moves Sunshine Heart back into NASDAQ’s good graces
Sunshine Heart (NSDQ:SSH) said today that NASDAQ gave official word that the company was complying with its $1 minimum bid price requirement. The news comes after the Eden Prairie, Minn.-based company pulled the trigger on a 1-for-30 reverse stock split last month, a move that sent shares tumbling. Shares dropped approximately 38% since the split went […]
Sunshine Heart tumbles on 1-30 reverse split
Shares in Sunshine Heart (NSDQ:SSH) fell slightly today after it announced a 1-for-30 reverse split of its common stock. The company’s common stock will continue to trade under the same symbol on the NASDAQ market. SSH shares were trading at $8.40 apiece in afternoon activity, down -5%. At the company’s stockholders meeting on January 9, […]
Sunshine Heart raises $3.8m
Sunshine Heart (NSDQ:SSH) said today it raised $3.8 million in a new offering with a “healthcare dedicated institutional investor” to support its Aquadex product line. The Eden Prairie, Minn.-based company said it inked a definitive agreement looking to float 2,900 registered shares of Series C convertible preferred stock. The shares of Series C convertible preferred stock are […]
Sunshine Heart shifts focus to Aquadex FlexFlow system
Sunshine Heart (NSDQ:SSH) said today it will realign its strategy to focus on its recently acquired Aquadex FlexFlow system, designed to filter water and salt from patients with fluid overload due to renal failure. The Eden Prairie, Minn.-based company acquired the system from Baxter for $5 million in August this year. It also said it […]
Ex-Abbott exec Simhambhatla is new Alphaeon CEO | Personnel Moves August 26, 2016
Ex-Abbott exec Simhambhatla is new Alphaeon CEO Healthcare and social commerce company Alphaeon said last week it tapped former Abbott (NYSE:ABT) senior veep Dr. Murthy Simhambhatla as its new CEO and president, replacing Robert Grant who was recently appointed as vice chair of the company’s board of directors. Dr. Simhambhatla previously operated as a senior partner Strathspey […]
Sunshine Heart pays $5m for Baxter’s Aquadex
UPDATED August 9, 2016, with 2nd-quarter results. Sunshine Heart (NSDQ:SSH) said today that it agreed to pay about $5 million for the Aquadex fluid filtration device Baxter (NYSE:BAX) acquired when it bought Gambro in 2013. The Aquadex device is designed to filter salt and water in patients with renal failure experiencing fluid overload. The deal calls for Eden Prairie, Minn.-based […]
Sunshine Heart raises $3.5m
Sunshine Heart (NSDQ:SSH) said today it raised $3.5 million in a direct offering to a single investor through the sale of convertible preferred stock. The Eden Prairie, Minn.-based company said it floated 3,468 registered shares of Series B convertible preferred stock, which are convertible to a total of 3.7 million shares of common stock at […]
