Abiomed, Inc. engages in the research, development, and sale of medical devices

Stocks_Pedia
2022-11-05

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I would like to introduce some unfamiliar companies that may be of some help to your investments.

The company I’m going to introduce is$Abiomed(ABMD)$ .

It went public in 1987

[Company Profile]

Abiomed, Inc. engages in the research, development, and sale of medical devices to assist or replace the pumping function of the failing heart. It also provides a continuum of care to heart failure patients.

The company offers Impella 2.5, a percutaneous micro heart pump with integrated motor and sensors; and Impella CP, a device for use by interventional cardiologists to support patients in the cath lab, as well as by cardiac surgeons in the heart surgery suite.

It also provides Impella 5.0, Impella LD, and Impella 5.5, which are percutaneous micro heart pumps with integrated motors and sensors for use primarily in the heart surgery suite; Impella RP, a percutaneous catheter-based axial flow pump; Impella SmartAssist platform that includes optical sensor technology for improved pump positioning and the use of algorithms that enable improved native heart assessment during the weaning process; Impella Connect, a cloud-based technology that enables secure and remote viewing of the automated impella controller for physicians and hospital staffs; and OXY-1 System, a portable external respiratory assistance device.

In addition, the company is developing Impella ECP, a pump for blood flow of greater than three liters per minute; Impella XR Sheath, a sheath that expands and recoils allowing small bore access and closure with Impella heart pumps; Impella BTR, a percutaneous micro heart pump with integrated motors and sensors; and preCARDIA, a catheter-mounted superior vena cava therapy system designed to rapidly treat acutely decompensated heart failure.

Abiomed, Inc. sells its products through direct sales and clinical support personnel in the Germany, France, United States, Japan, Europe, Canada, Latin America, the Asia-Pacific, and the Middle East.

The company was founded in 1981 and is headquartered in Danvers, Massachusetts.

[History & Events]

In 2018, Abiomed was added to the S&P 500 index.[14]During the S&P's rise from 2000 to 3000, Abiomed was the index's top performing stock.

In 2018, Abiomed built a $17 million Innovation Center to facilitate research and product development at its headquarters in Danvers.

In 2020, Abiomed acquired medical device company Breethe.

In 2020, Abiomed appointed Charles A. Simonton, MD, as Vice President and Chief Medical Officer.

In 2021, Abiomed acquired preCARDIA, a catheter developer whose system allows for a less-invasive option when treatingacute decompensated heart failure(ADHF) patients.

In 2022,  Abiomed announced that it would be acquired byJohnson and Johnsonin a $16.6 billion deal.

[Main Business Segments]

[Net Income & Total Revenue]​

[Competitors]

$Boston Scientific(BSX)$

$Stryker(SYK)$

$NuVasive(NUVA)$

$Gilead Sciences(GILD)$

Ethicon

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