The Efficacy of Thoratec Implantable Ventricular Assist Devices Compared to Syncardia Total
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2021 Annual Report Abiomed Fy 2021 Annual Report Annual 2021 Fy
FY 2021 ANNUAL REPORT ABIOMED FY 2021 ANNUAL REPORT I AM ABIOMED I AM HEART RECOVERY 81% $848 82% $651 83% $513 83% 18 19 20 21 $400 Gross Margin Gross DOLLARS IN MILLIONS IN DOLLARS Net Cash Balances* 17FY 84% $277 17 18 19 20 21 FY 16 $848 +1% $230 $841 +9% $249 $769 +30% $225 $594 +33% 18 19 20 21 $157 DOLLARS IN MILLIONS IN DOLLARS DOLLARS IN MILLIONS IN DOLLARS Total Revenue Total 17 18 19 20 21 $445 +35% 17FY $90 GAAP Operating Income Operating GAAP FY Fiscal Year Ends March 31st Ends March Fiscal Year FY 2021 - COVID YEAR - COVID FY 2021 FINANCIAL PERFORMANCE * Net cash balances are defined as total cash, short-term and long-term marketable securities. The Company currently has no debt. 1 996 940 1,150 789 720 850 568 541 653 18 19 20 21 470 311 317 18 19 20 21 411 241 274 PATENTS PENDING PATENTS Total Impella Publications Total FY 17 FY 17 Total Abiomed Patent Portfolio Abiomed Patent Total $122 1,509 21 $99 1,441 $94 1,362 DEVICE PROGRESS ® 18 19 20 21 $75 1,197 18 19 20 DOLLARS IN MILLIONS IN DOLLARS $66 1,138 Sites Impella U.S. Total FY 17 FY 17 Research & Development Spend & Development Research IMPELLA YEAR - COVID FY 2021 31st Ends March Fiscal Year FY21 HIGHLIGHTS Q1 Q2 4/29/2020 5/27/2020 7/16/2020 Abiomed Expands Abiomed Hosts Virtual FDA Approves Data Product Portfolio with Clinical Data and Streaming from the Acquisition of Cardio- Innovation Day Impella Console, pulmonary Support Setting the Stage for Technology (ECMO) Artificial Intelligence 6/01/2020 Algorithms FDA Issues 6/05/2020 5/19/2020 EMERGENCY USE FDA Approves -
The First Total Artificial Heart
The First Total Artificial Heart On the night of December 1-2, 1982, with a major winter storm howling outside, medical history was being made inside the University of Utah Hospital. This event was the implantation of the first destination total artificial heart (TAH) in a human being. That person, 61-year-old Barney Clark, was a retired Seattle dentist with family roots in Utah. Dr. Clark’s several year history of dyspnea and fatigability had been attributed to chronic obstructive pulmonary disease in a University of Utah Hospital former smoker. However, 2 1/2 years before admission, a diagnosis of heart failure was made associated with atrial fibrillation with a rapid ventricular response. In-patient treatment for recurrent heart failure with paroxysmal ventricular tachycardia (VT) was required 1 ½ years before admission. Coronary angiography and left ventriculography established a diagnosis of advanced, non-ischemic dilated cardiomyopathy with an ejection fraction of 23%. Because of symptomatic progression of heart failure, Dr. Clark was referred to the author at LDS Hospital in Salt Lake City, near family members, for investigational inotrope therapy (amrinone), but this caused hypotension and exacerbated atrial and ventricular tachyarrhythmias. Endomyocardial biopsy showed low-grade cellular and humoral myocarditis, and a course of immunosuppressant therapy (prednisone and azathioprine) was begun with initial improvement. However, clinical deterioration resumed, with low- output failure and edema, 6 ½ months later, leading to hospitalization for IV diuretics and dobutamine. Clinical improvement was only marginal, leaving him in class IV heart failure. Jeffrey L. Anderson, MD: Barney Clark’s Cardiologist An opportune meeting occurred 3-4 months prior to the final admission between the author and Dr. -
Ventricular Assist Devices (Vads) and Total Artificial Hearts These Services May Or May Not Be Covered by Your Healthpartners Plan
Ventricular assist devices (VADs) and total artificial hearts These services may or may not be covered by your HealthPartners plan. Please see your plan documents for your specific coverage information. If there is a difference between this general information and your plan documents, your plan documents will be used to determine your coverage. Administrative Process Prior authorization is required for insertion of an implantable ventricular assist device (VAD). Prior authorization is required for placement of a total artificial heart (TAH). Prior authorization is not required in the event that either of the devices listed above is used under emergency circumstances for a critically ill member in an in-patient setting. Emergency use is defined as necessary to save the life or protect the immediate well-being of a given patient. However, services with specific coverage criteria may be reviewed concurrently or retrospectively to determine medical necessity. Prior authorization is not required for percutaneous ventricular assist devices (pVADs). Coverage Insertion of an implantable ventricular assist device (VAD) or total artificial heart (TAH) is covered per the member’s plan documents when the criteria outlined below are met and the procedure is performed at a HealthPartners Transplant Center of Excellence. Please see the Related Content section for the Transplant Centers of Excellence documents. Indications that are covered Implantable ventricular assist device Adult 1. An implantable VAD is covered as a bridge to recovery in patients with a potentially reversible condition when the following criteria are met: A. The requested device has received approval from the Food and Drug Administration (FDA) and is being used in accordance with device-specific, FDA-approved indications. -
The Artificial Heart: Costs, Risks, and Benefits
The Artificial Heart: Costs, Risks, and Benefits May 1982 NTIS order #PB82-239971 THE IMPLICATIONS OF COST-EFFECTIVENESS ANALYSIS OF MEDICAL TECHNOLOGY MAY 1982 BACKGROUND PAPER #2: CASE STUDIES OF MEDICAL TECHNOLOGIES CASE STUDY #9: THE ARTIFICIAL HEART: COST, RISKS, AND BENEFITS Deborah P. Lubeck, Ph. D. and John P. Bunker, M.D. Division of Health Services Research, Stanford University Stanford, Calif. Contributors: Dennis Davidson, M. D.; Eugene Dong, M. D.; Michael Eliastam, M. D.; Dennis Florig, M. A.; Seth Foldy, M. D.; Margaret Marnell, R. N., M. A.; Nancy Pfund, M. A.; Thomas Preston, M. D.; and Alice Whittemore, Ph.D. OTA Background Papers are documents containing information that supplements formal OTA assessments or is an outcome of internal exploratory planning and evalua- tion. The material is usually not of immediate policy interest such as is contained in an OTA Report or Technical Memorandum, nor does it present options for Con- gress to consider. -I \lt. r,,, ,.~’ . - > ‘w, . ,+”b Office of Technology Assessment ./, -. Washington, D C 20510 4,, P ---Y J, ,,, ,,,, ,,, ,. Library of Congress Catalog Card Number 80-600161 For sale by the Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402 Foreword This case study is one of 17 studies comprising Background Paper #2 for OTA’S assessment, The Implications of Cost-Effectiveness Analysis of Medical Technology. That assessment analyzes the feasibility, implications, and value of using cost-effec- tiveness and cost-benefit analysis (CEA/CBA) in health -
Heartmate II® LVAS LEFT VENTRICULAR ASSIST SYSTEM
HeartMate II® LVAS LEFT VENTRICULAR ASSIST SYSTEM OPERATING MANUAL Corporate Headquarters Authorized EU Representative Thoratec Corporation Thoratec Europe Limited 6035 Stoneridge Drive Burnett House, Lakeview Court Pleasanton, CA 94588 Ermine Business Park USA Huntingdon, Cambs PE29 6UA UK Business: Business: Tel.: 925-847-8600 Tel.: +44(0) 1480 455200 Fax: 925-847-8574 Fax: +44(0) 1480 454126 Emergencies: Urgent/24-Hour: 800-456-1477 (USA HeartLine™) +44(0) 7659 877901 925-847-8600 (International) www.thoratec.com 103884.C 12/2009 FOREWORD This manual contains information needed to properly and safely operate the Thoratec HeartMate II® Left Ventricular Assist System (LVAS). The Operating Manual and the Instructions for Use are intended to serve as both clinical textbook and reference; the new user should read both documents in their entirety, before system operation. For experienced practitioners, this manual may serve as a reference for detailed information. Users of the HeartMate II LVAS should have a practical knowledge of the principles of mechanical circulatory assist support (MSC) and should be aware of the physiological and psychological needs of a patient undergoing mechanical ventricular support. Sections 1-3 offer the reader an overall perspective of the system. They also describe the indications for use and the contraindications. Lastly, these sections introduce some of the unique attributes of the HeartMate II LVAS. Sections 4-11 explain how the system works, describe the technical features and operation of each system component and include descriptions of a variety of situations likely to arise during and after pump implantation. Sections 12-13 describe in detail the procedures necessary to support HeartMate II LVAS patients, including equipment cleaning and maintenance requirements. -
280 Total Artificial Hearts and Implantable Ventricular Assist
Medical Policy Total Artificial Hearts and Implantable Ventricular Assist Devices Table of Contents • Policy: Commercial • Coding Information • Information Pertaining to All Policies • Policy: Medicare • Description • References • Authorization Information • Policy History Policy Number: 280 BCBSA Reference Number: 7.03.11 Related Policies • Heart/Lung Transplant, #269 • Heart Transplant, #197 • Extracorporeal Membrane Oxygenation, #726 Policy Commercial Members: Managed Care (HMO and POS), PPO, and Indemnity Bridge to Transplantation Implantable ventricular assist devices (VADs) with Food and Drug Administration (FDA) approval or clearance may be considered MEDICALLY NECESSARY as a bridge to heart transplantation for patients who are currently listed as heart transplantation candidates and not expected to survive until a donor heart can be obtained, or are undergoing evaluation to determine candidacy for heart transplantation. Implantable (VADs) with FDA approval or clearance, including humanitarian device exemptions, may be considered MEDICALLY NECESSARY as a bridge to heart transplantation in children 16 years old or younger who are currently listed as heart transplantation candidates and not expected to survive until a donor heart can be obtained, or are undergoing evaluation to determine candidacy for heart transplantation. Total artificial hearts (TAHs) with FDA-approved devices may be considered MEDICALLY NECESSARY as a bridge to heart transplantation for patients with biventricular failure who have no other reasonable medical -
Total Artificial Heart and Ventricular Assist Devices
UnitedHealthcare® Commercial Medical Policy Total Artificial Heart and Ventricular Assist Devices Policy Number: 2021T0384V Effective Date: May 1, 2021 Instructions for Use Table of Contents Page Related Commercial Policy Coverage Rationale ........................................................................... 1 • Clinical Trials Documentation Requirements......................................................... 1 Applicable Codes .............................................................................. 2 Community Plan Policy Description of Services ..................................................................... 2 • Total Artificial Heart and Ventricular Assist Devices Clinical Evidence ............................................................................... 2 Medicare Advantage Coverage Summary U.S. Food and Drug Administration ................................................ 5 • Ventricular Assist Device (VAD) and Artificial Heart References ......................................................................................... 6 Policy History/Revision Information................................................ 7 Related Clinical Guidelines Instructions for Use ........................................................................... 8 • Mechanical Circulatory Support Devices (MCSD) • Transplant Review Guidelines: Solid Organ Transplantation Coverage Rationale The SynCardia™ temporary Total Artificial Heart is proven and medically necessary as a bridge to heart transplantation in members who meet all of -
Total Artificial Heart Reference Number: CP.MP.127 Coding Implications Last Review Date: 11/20 Revision Log
CEN,:'ENS:" ~·orporalion Clinical Policy: Total Artificial Heart Reference Number: CP.MP.127 Coding Implications Last Review Date: 11/20 Revision Log See Important Reminder at the end of this policy for important regulatory and legal information. Description The SynCardia temporary Total Artificial Heart (TAH) (SynCardia Systems Inc.), formerly known as the CardioWest Total Artificial Heart, is a biventricular pulsatile pump that replaces the patient’s native ventricles and valves. This policy describes the medical necessity requirements for the total artificial heart. Policy/Criteria I. It is the policy of health plans affiliated with Centene Corporation® that the TAH is medically necessary as a bridge to heart transplantation when all of the following criteria are met: A. Member/enrollee is approved for cardiac transplant and is currently on transplant list; B. New York Heart Association (NYHA) Functional Class IV; C. Presence of non-reversible biventricular failure unresponsive to all other treatments; D. Ineligible for other ventricular support devices; E. Compatible donor heart is currently unavailable; F. Imminent risk of death; G. The device is U.S. FDA approved and used according to the FDA-labeled indications, contraindications, warnings and precautions; H. Member/enrollee is able to receive adequate anti-coagulation while on the total artificial heart. II. It is the policy of health plans affiliated with Centene Corporation that the TAH is experimental/investigational for use as destination therapy (permanent replacement of the failing heart). III. It is the policy of health plans affiliated with Centene Corporation that hospital discharge of members/enrollees implanted with the TAH who are supported by portable drivers (e.g., the Freedom portable driver) is experimental/investigational. -
Instructions for Use
Instructions for Use Featuring the Mobile Power Unit Thoratec Corporation HEARTMATE II® LEFT VENTRICULAR ASSIST SYSTEM Instructions for Use United States & Canada Thoratec Corporation (International Headquarters) 6035 Stoneridge Drive Pleasanton, CA 94588 USA Telephone: (925) 847-8600 Fax: (925) 847-8574 Emergency HeartLine™ USA: (800) 456-1477 Emergencies outside USA: (925) 847-8600 Authorized EU Representative European Authorized Representative: St. Jude Medical Coordination Center BVBA The Corporate Village Da Vincilaan 11 Box F1 1935 Zaventem Belgium +32 2 774 68 11 Website: www.thoratec.com Thoratec Corporation continually strives to provide the highest quality of products for mechanical circulatory support. Specifications may change without notice. HeartMate II, Thoratec, and the Thoratec logo are registered trademarks, and HeartLine is a trademark of Thoratec Corporation. ©2016 Thoratec Corporation. Document: 10006961.B Publication Date: 03/2019 HeartMate II Left Ventricular Assist System Instructions for Use iii Contents Preface- - - - - - - - - - - - - - - - - - - - - - - ix 1 Introduction - - - - - - - - - - - - - - - - - - - - 1-1 Understanding Warnings and Cautions - - - - - - - - - - - - - - - - - - - - 1-3 Overview - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1-4 Indications - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1-6 Contraindications - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1-6 Adverse Events - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Thoratec Corporation
· UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549-4561 January 27,2012 Charles K. Ruck Latham & Watkins LLP [email protected] Re: Thoratec Corporation Dear Mr. Ruck: This is in regard to your letter dated January 25,2012 concerning the shareholder proposal submitted by Oracle Partners, LP for inclusion in Thoratec's proxy materials for its upcoming annual meeting of security holders. Your letter indicates that the proponent has withdrawn the proposal and that Thoratec therefore withdraws its January 17,2012 request for a no-action letter from the Division. Because the matter is now moot, we will have no further comment. Copies ofall ofthe correspondence related to this matter will be made available on our website at http://www.sec.gov/divisions/corpfinlcf-noactionl14a-S.shtml. For your reference, a brief discussion ofthe Division's informal procedures regarding shareholder proposals is also available at the same website address. Sincerely, Charles K won Special Counsel cc: LarryN. Feinberg Managing Member Oracle Associates, LLC 200 Greenwich Avenue Greenwich, CT 06830 650 Town Center Drive. 20th Floor Costa Mesa. California 92626-1925 Tel:·+1.714.540.1235 Fax: +1.714.755.8290 www.lw.com FIRM I AFFILIATE OFFICES NSLLP LATHAM&WATKI Abu Dhabi Moscow Barcelona Munich Beijing New Jersey Boston New York Brussels Orange County Chicago Paris Doha Riyadh Dubai Rome Frankfurt San Diego January 25, 2012 Hamburg San Francisco Hong Kong Shanghai Houston Silicon Valley London Singapore Los Angeles Tokyo VL4EMAIL Madrid washington. D.C. Milan U.S. Securities and Exchange Commission Division ofCorporation Finance Office of Chief Counsel 100 F Street, N.E. -
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Case3:14-cv-00360 Document1 Filed01/24/14 Page1 of 36 LIONEL Z. GLANCY (#134180) 1 MICHAEL GOLDBERG (#188669) 2 ROBERT V. PRONGAY (#270796) GLANCY BINKOW & GOLDBERG LLP 3 1925 Century Park East, Suite 2100 Los Angeles, California 90067 4 Telephone: (310) 201-9150 5 Facsimile: (310) 201-9160 E-mail: [email protected] 6 [email protected] [email protected] 7 [email protected] 8 Attorneys for Plaintiff 9 [Additional Counsel on Signature Page] 10 11 UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 12 BRADLEY COOPER, Individually and On ) Case No. 13 Behalf of All Others Similarly Situated, ) 14 ) CLASS ACTION P l a i n t i f f s , ) 15 ) COMPLAINT FOR VIOLATIONS v. ) OF FEDERAL SECURITIES 16 ) LAWS THORATEC CORPORATION, GERHARD F. 17 ) BURBACH, TAYLOR C. HARRIS, and ) DEMAND FOR JURY TRIAL 18 ROXANNE OULMAN, ) ) 19 Defendants. ) 20 21 22 23 24 25 26 27 28 Case3:14-cv-00360 Document1 Filed01/24/14 Page2 of 36 CLASS ACTION COMPLAINT 1 2 Plaintiff Bradley Cooper (“Plaintiff”), individually and on behalf of all other persons similarly 3 situated, by his undersigned attorneys, for his complaint against defendants, alleges the following based 4 upon personal knowledge as to himself and his own acts, and information and belief as to all other 5 matters, based upon, inter alia, the investigation conducted by and through his attorneys, which 6 included, among other things, a review of the defendants’ public documents, conference calls and 7 announcements made by defendants, United States Securities and Exchange Commission (“SEC”) 8 9 filings, wire and press releases published by and regarding Thoratec Corporation (“Thoratec” or the 10 “Company”), analysts’ reports and advisories about the Company, and information readily obtainable 11 on the Internet. -
PG0070 Ventricular Assist Devices
Ventricular Assist Devices Policy Number: PG0070 ADVANTAGE | ELITE | HMO Last Review: 07/01/2021 INDIVIDUAL MARKETPLACE | PROMEDICA MEDICARE PLAN | PPO GUIDELINES This policy does not certify benefits or authorization of benefits, which is designated by each individual policyholder terms, conditions, exclusions and limitations contract. It does not constitute a contract or guarantee regarding coverage or reimbursement/payment. Self-Insured group specific policy will supersede this general policy when group supplementary plan document or individual plan decision directs otherwise. Paramount applies coding edits to all medical claims through coding logic software to evaluate the accuracy and adherence to accepted national standards. This medical policy is solely for guiding medical necessity and explaining correct procedure reporting used to assist in making coverage decisions and administering benefits. SCOPE X Professional _ Facility DESCRIPTION Ventricular assist devices (VAD) are blood pumps that are designed to assist or replace the function of either the right or left ventricle of the heart. There are three kinds of ventricular assist devices: biventricular (BiVADs), right ventricular (RVADs), and left ventricular (LVADs). A right VAD supports the pulmonary (lung) circulation, while a left VAD (the most commonly used) provides blood flow to the rest of the body. Ventricular assist devices are utilized to promote cardiac health in those patients suffering from reversible cardiac dysfunction, to support patients who are awaiting heart transplantation or to provide permanent circulatory support in patients with end-stage heart failure who are not candidates for transplantation (known as destination therapy). External implanted ventricular assist devices include the following types: A destination VAD: the placement of the device when no transplant is being considered A Bridge to Transplant VAD: the device is placed to support functioning in anticipation of a heart transplant.