July 28, 2017 8:00 AM ET

Healthcare Equipment and Supplies

Company Overview of CardiacAssist, Inc.

Company Overview

CardiacAssist, Inc. operates as a medical device company that develops, manufactures, and markets novel medical devices to cardiologists and cardiac surgeons for improving the lives of heart failure patients worldwide. The company offers a temporary ventricular assist/circulatory support device for postcardiotomy cardiac failure issues; and TandemLung oxygenator, a medical device that acts as an artificial lung to infuse oxygen and remove carbon dioxide from the blood. It also provides a hydrodynamic centrifugal pump and a transseptal cannula for temporary left ventricular assist needs; and an electromechanical system. CardiacAssist, Inc. was formerly known as Cardiac Assist Technologies, In...

240 Alpha Drive

Pittsburgh, PA 15238

United States

Founded in 1996

Phone:

412-963-7770

Fax:

412-963-0800

Key Executives for CardiacAssist, Inc.

Chairman, Chief Executive Officer and President
Age: 91
Co-Founder and Director
Chief Financial Officer
Director of Engineering
Director of Clinical Education
Compensation as of Fiscal Year 2017.

CardiacAssist, Inc. Key Developments

TandemLife Announces the Commercial Release of its TandemLife Priming Tray

TandemLife announced the commercial release of its TandemLife Priming Tray, a new product designed to simplify and speed up the process of putting critically-ill patients on extracorporeal life support, providing healthcare professionals with a vital window of opportunity to accurately assess a patient’s condition and provide appropriate care. More than 500,000 Americans need emergent cardiac support each year, but fewer than 2% of these receive care with advanced extracorporeal life support (ECLS). Historically, ECLS has only been available for use within the operating rooms and intensive care units of large medical centers, due to the complexity of initiating this form of life support. TandemLife has the potential to change this paradigm by combining its unique TandemHeart pump and TandemLung oxygenator into a single, pre-connected packaging solution that also serves as a priming basin for the system. These medical devices are capable of assisting in the circulation and oxygenation of blood for a patient with compromised cardiac or respiratory function, and with the new TandemLife Priming Tray they can be deployed in just a few minutes, rather than up to an hour with existing technology. As a result, TandemLife could bring a high level of circulatory support capability to hospitals nationwide, regardless of their location, size or current treatment algorithm.

CardiacAssist Receives FDA 510(k) Clearance for its TandemLung Oxygenator

CardiacAssist, Inc. announced that it has received 510(k) clearance from the U.S. Food and Drug Administration for its new TandemLung® oxygenator, a medical device that acts as an artificial lung to infuse oxygen and remove carbon dioxide from the blood. When paired with CardiacAssist's TandemHeart® blood pump, the TandemLung represents a leap forward in extracorporeal life support (ECLS) technology for patients in need of critical cardiopulmonary care. Every year in North America, more than 300,000 patients experience an acute cardiac or respiratory event that requires emergency intervention. However, historically only a small percentage of these patients have received advanced life support utilizing products like the TandemHeart and TandemLung, primarily due to the complexity of deploying existing technology to perform such procedures. The TandemLung oxygenator was developed to make ECLS faster and more accessible with a design optimized for simplicity and performance. Its low priming volume and patent-protected radial flow technology allow the device to be deployed quickly to protect patients from the negative effects of diminished cardiac or respiratory function.

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