Abiomed Failure

Improved Essays
David M. Lederman – the founder of Abiomed found the organization in Danvers in mid 80s as Applied Medical Corporation, and later, began to take a shot at the making of an artificial heart. The assembling was subsidized by government funds. Later, Lederman joined The Texas Heart Institute to build up the AbioCor, and implanting the Kentucky man with an artificial heart in July 2001. There were around fourteen of the AbioCor device which were implanted, while the clinical trials were being held from 2001 to 2004, with the longest-living recipient surviving 512 days. Moreover, the AbioCor won FDA endorsement in 2006 for patients who were close demise and did not qualify for a heart transplant. Later in 2004, Michael R. Minogue got to be president and CEO of Abiomed. …show more content…
Thorsten Siess, who is currently the Chief Technology Officer at

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