Recovering Hearts. Saving Lives
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Recovering Hearts. Saving Lives. Michael Minogue Chairman, President, & CEO January 13, 2020 Recovering Hearts. Saving Lives. 2 LEGAL DISCLAIMERS This presentation contains forward-looking statements, including, without limitation, statements regarding development of Abiomed's existing and new products, the Company's progress toward commercial growth, and future opportunities, the Company’s guidance for future financial performance and expected regulatory approvals. Each forward-looking statement contained in this presentation is subject to risks and uncertainties that could cause actual results to differ materially from those projected in such statement, including uncertainties associated with development, testing and related regulatory approvals; the potential for future losses; the impact of complex manufacturing processes and high quality requirements; dependence on limited sources of supply; competition; technological change; government regulation; third-party reimbursement to the Company’s customers; litigation matters; future capital needs and uncertainty of additional financing, and other risks and challenges detailed in the Company's filings with the Securities and Exchange Commission (“SEC”), including the most recently filed Annual Report on Form 10-K and the filings subsequently filed with or furnished to the SEC. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this presentation. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances that occur after the date of this presentation or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or otherwise, unless otherwise required by law. U.S. Food and Drug Administration Approvals ● The Impella 2.5, Impella CP and Impella CP with SmartAssist are indicated for providing temporary (< 6 hours) ventricular support during elective or urgent high risk percutaneous coronary interventions (PCI) performed in hemodynamically stable patients with severe coronary artery disease, when a heart team, including a cardiac surgeon, has determined high risk PCI is the appropriate therapeutic option. Use of the Impella 2.5, Impella CP and Impella CP with SmartAssist in these patients may prevent hemodynamic instability which can result from repeat episodes of reversible myocardial ischemia that occur during planned temporary coronary occlusions and may reduce peri- and post-procedural adverse events. ● The Impella 2.5, Impella CP, Impella CP with Smart Assist, Impella 5.0, Impella 5.5 with SmartAssist and Impella LD Catheters, in conjunction with the Automated Impella Controller, are temporary ventricular support devices intended for short term use (≤4 days for the Impella 2.5, Impella CP and Impella CP with SmartAssist and ≤14 days for the Impella 5.0, Impella 5.5 with SmartAssist and Impella LD) and indicated for the treatment of ongoing cardiogenic shock that occurs immediately (<48 hours) following acute myocardial infarction or open heart surgery, or in the setting of cardiomyopathy, including peripartum cardiomyopathy, or myocarditis as a result of isolated left ventricular failure that is not responsive to optimal medical management and conventional treatment measures (including volume loading and use of pressors and inotropes, with or without IBP). The intent of the Impella Support Systems therapy is to reduce ventricular work and to provide the circulatory support necessary to allow heart recovery and early assessment of residual myocardial function. ●The Impella RP® is indicated for providing circulatory assistance for up to 14 days in patients with a with a body surface area ≥ 1.5 m2 who develop acute right heart failure or decompensation following left ventricular assist device implantation, myocardial infarction, heart transplant, or open-heart surgery. In addition, there are other WARNINGS and PRECAUTIONS associated with Impella devices. Visit http://www.abiomed.com/important-safety-information to learn more. Impella ECPTM, Impella BTRTM, and The Impella PediatricTM are in development and are not approved for use or sale in the US. The ABIOMED logo, ABIOMED, Impella 2.5, Impella CP, Impella RP, Impella 5.0, Impella LD, Impella 5.5 SmartAssist Platform, and Recovering Hearts. Saving Lives are registered trademarks of Abiomed, Inc. in the U.S.A. and certain foreign countries. Impella ECP, Impella BTR, cVAD Study, and Automated Impella Controller are pending trademarks of Abiomed, Inc.” FOR INVESTORS ONLY Recovering Hearts. Saving Lives. 3 ABIOMED PRINCIPLES RECOVERING HEARTS & SAVING LIVES GROWING SHAREHOLDER VALUE Recovering hearts and saving lives is the Growing shareholder value rewards our founding principle and guiding compass of our investors and helps to ensure the company’s organization. This is our highest recognition of financial stability, allowing for the continued success. Recovering and preserving our pursuit of our mission. Shareholder value is patients’ hearts enables them to return home to driven by executing our goals and achieving their families and enjoy an improved quality of positive financial results. For employees, growth life. of shareholder value provides financial security for our families and the pursuit of happiness for our future. LEADING IN TECHNOLOGY & INNOVATION SUSTAINING A WINNING CULTURE We are committed to providing patients and Patients First. Our patients and customers are health care providers with the highest quality the motivation for all that we do and achieving devices and optimal cost-effective solutions. We our mission is dependent on their well-being. We accomplish this through the relentless exploration must always act with integrity and honor and of new ideas and approaches that allow us to demand the best of ourselves. We work hard, address new clinical challenges for our have faith in each other, and have fun customers and patients. celebrating the patient success stories. FOR INVESTORS ONLY Recovering Hearts. Saving Lives. 4 THE ABIOMED MISSION To recover heart muscle and save lives with percutaneous heart pump technologies for high-risk patients and enable better, minimally invasive procedures. Elective Urgent Emergent FOR INVESTORS ONLY Recovering Hearts. Saving Lives. 5 THE ABIOMED MISSION Impella RP Impella CP Bi-Ventricular Bi-Ventricular Impella Support Impella Support DR. BABU ELADASARI HEART ATTACK (AMI) WITH CARDIOGENIC SHOCK FOR INVESTORS ONLY Recovering Hearts. Saving Lives. 6 ABIOMED AT A GLANCE (NASDAQ: ABMD) EUROPEAN HQ: AACHEN, GERMANY 71,000 sq. ft. with Manufacturing JAPANESE HQ: TOKYO First Patient Treated: 2017 GLOBAL HQ: MASSACHUSETTS, USA 200,000+ sq. ft. with Manufacturing Founded in 1981 Global Employees ~1,500 Key Medical Device Countries: Impella® Products Next Tier Opportunities: Impella® Products Approved; Approved; ABMD Direct Distribution/Coverage; Dedicated No / Limited Distribution Coverage Impella Reimbursement FOR INVESTORS ONLY Recovering Hearts. Saving Lives. 7 IMPELLA® HEART PUMPS: BREAKTHROUGH TECHNOLOGY ✓ Exclusive FDA Approvals: High-Risk PCI (2015) AMI Cardiogenic Shock (2016) Impella RP® for Right Heart Failure (2017) Cardiomyopathy Shock (2018) Expanded High-Risk PCI; SmartAssist® (2018) ✓ Medicare Designated DRG Codes: CMS reimbursement for implant, explant, transfer & biventricular Impella at 1,400+ US hospitals ✓ Approved in Europe (CE Mark 2002) Approved in Japan (PMDA 2016) ✓ 8 Clinical Guidelines; >650 publications ✓ >$525M & 20 years of R&D investment, >140,000 patients treated world-wide 759 patents & 649 pending January 2020 FOR INVESTORS ONLY Recovering Hearts. Saving Lives. 8 ABIOMED: THE HEART RECOVERY COMPANY 1. Creating the New Field of Heart Recovery with the Impella® Heart Pump Platform 2. Solving a Clinical Crisis for Large and Growing Patient Populations RECOVERING HEARTS. SAVING LIVES.® 4. Sustaining Long-term Growth Driven by Innovation 3. Improving Patient Outcomes and Strong Execution by Leading in Clinical Research, Education and 24/7 Hospital Support FOR INVESTORS ONLY Recovering Hearts. Saving Lives. 99 IMPELLA® HEART PUMPS SUPPORT AND RECOVER HEART MUSCLE AND ENABLE MINIMALLY INVASIVE PROCEDURES IABP PERCUTANEOUS ECMO IMPELLA (1976*) (1980S) (2008) Percutaneous Insertion Perfuses the Body Percutaneous Insertion Not a Heart Pump Loads the Heart Unloads the Heart * IABP grandfathered in 1976 FOR INVESTORS ONLY Recovering Hearts. Saving Lives. 10 TREATING THE HEART – OPEN OR PERCUTANEOUS? OPEN CHEST PROCEDURES PERCUTANEOUS PROCEDURES HEART SURGERY SUITE CATHERIZATION LAB (CATH) WITH HEART & LUNG MACHINE WITH IMPELLA SUPPORT (OPEN CHEST ECMO) FOR HIGH-RISK PCI & CARDIOGENIC SHOCK FOR INVESTORS ONLY Recovering Hearts. Saving Lives. 11 IMPELLA® HEART PUMPS ENABLE HIGH-RISK PROCEDURES PATIENT HEMODYNAMIC METRICS UNLOADS THE HEART MUSCLE DURING HIGH-RISK PCI DURING PCI Impella CP On MAP 110 mmHg -8% -10% -12% 97 mmHg MAP 86 mmHg -15% -23% -51% Organ failure 42 mmHg Case Balloon Stent 15 sec 30 sec 45 sec Start Inflation Mary Hanel Impella CP® Patient * Physiologic computational modeling of patient, Am J Physiol 1991;260 : H146-H157 FOR INVESTORS ONLY Recovering Hearts. Saving Lives. 12 THE IMPELLA® HEART PUMP CATHETER PLATFORM FEMORAL INSERTION AXILLARY INSERTION 24/7 Support Onsite, On-call, Online Impella 2.5® Impella LD® Impella CP® ® with SmartAssist >400 Global Field Reps Clinical Support Impella Connect® Center AIC