HeartWare is a medical device company developing a family of implantable Left Ventricular Assist Devices ("LVADs") for the treatment of advanced heart failure. The Company is listed on the Australian Stock Exchange and trades under the symbol "HTW".
Heart failure is a degenerative, terminal disease affecting over 10 million patients worldwide. Despite advances in medical therapy, the one year survival rate for patients with severe heart failure is approximately 25%. Heart transplantation is considered the best available treatment option, but fewer than 4,000 donor hearts become available worldwide each year. LVADs are gaining increasing clinical acceptance, both as a bridge to transplantation and as an alternative long term therapy.
HeartWare's lead product, the HVADTM System, is currently the subject of an international clinical trial involving five investigational centers in Europe and Australia. Patient enrolment in the trial was completed in August 2007. The HVADTM pump is a small, full-output, "3rd generation" heart pump designed to be implanted above the diaphragm. The device's small size and novel configuration are expected to lead to significant clinical benefits.
HeartWare is also developing a portfolio of further miniaturized devices, implantable by progressively less invasive surgery.
HeartWare's corporate headquarters are in Sydney, Australia. The Company's operating and manufacturing activities are based in Miami Lakes, Florida.
updated 29th April, 2008
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