Navigation Links
HeartWare International, Inc. Closes US$60 Million Financing
Date:8/17/2009

FRAMINGHAM, Mass., and SYDNEY, Aug. 17 /PRNewswire-FirstCall/ -- HeartWare International, Inc. (Nasdaq: HTWR) (ASX: HIN) announced today the completion of its offering of approximately 2.7 million shares of its common stock in a private placement in the United States and Australia (the "Offerings"). Investors in the Offerings purchased the shares at a purchase price of US$22.00 per share resulting in gross proceeds of approximately US$60 million to HeartWare, before deducting the placement agent's fee and estimated offering expenses.

The issuance of approximately 1.39 million of the total number of shares that investors have committed to purchase in the Offerings is subject to approval of HeartWare's stockholders in accordance with Australian Securities Exchange Listing Rules and Nasdaq Stock Market Rules and, as a result, approximately US$30.5 million of the proceeds Offerings will be held in escrow and will be released if and when stockholder approval is obtained. The meeting of the stockholders will be scheduled for a date prior to December 15, 2009.

The securities described herein have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and unless so registered may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This announcement does not constitute an offer to sell or a solicitation of an offer to buy any of our securities in any jurisdiction.

About HeartWare International

HeartWare International develops and manufactures miniaturized implantable heart pumps, or Left Ventricular Assist Devices (LVADs), to treat patients suffering from advanced heart failure. The HeartWare(R) Ventricular Assist System features the HVAD(TM) pump, the only full-output pump designed to be implanted next to the heart, avoiding the abdominal surgery generally required to implant competing devices. HeartWare has commercial approval to sell its HVAD(TM) pump in the European Union. The device is currently the subject of a 150-patient clinical trial in the United States for a Bridge-to-Transplant indication.

    For further information:

                                                  US Investor Relations
        Howard Leibman                            Matt Clawson
        HeartWare International, Inc.             Allen & Caron Inc
        Email. howard.leibman@heartware.com.au    Email. matt@allencaron.com
        Tel. +61 2 9238 2064                      Tel. +1 949 474 4300

Forward-Looking Statements

This announcement contains forward-looking statements that are based on management's beliefs, assumptions and expectations and on information currently available to management. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future are forward-looking statements, including without limitation our expectations with respect to the progress of clinical trials. Management believes that these forward-looking statements are reasonable as and when made. However, you should not place undue reliance on forward-looking statements because they speak only as of the date when made. We do not assume any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. We may not actually achieve the plans, projections or expectations disclosed in forward-looking statements, and actual results, developments or events could differ materially from those disclosed in the forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, including without limitation those described in "Item 1A. Risk Factors" in our Annual Report on Form 10-K filed with the SEC, and those described in other reports filed from time to time with the SEC.


'/>"/>
SOURCE HeartWare International, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. HeartWare to Present at Canaccord Adams 29th Annual Global Growth Conference
2. HeartWare International, Inc. Announces US$55 Million Financing
3. Thoratec Corporation and HeartWare International, Inc. Announce Termination of Proposed Transaction
4. HeartWare to Webcast Annual Meeting
5. HeartWare to Present at Eighth Annual JMP Securities Research Conference
6. Thoratec and HeartWare Receive Request for Additional Information From Federal Trade Commission
7. Thoratec Announces Definitive Agreement to Acquire HeartWare International For US$282 Million;
8. HeartWare to Present at Seventh Annual JMP Securities Research Conference
9. HeartWare Receives Conditional Approval of IDE
10. HeartWare Announces Move to an Expanded, Upgraded Manufacturing Facility
11. HeartWare Selects Allen & Caron for Investor Relations and Corporate Communications
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/27/2016)... ... 27, 2016 , ... TherapySites, the leading website ... Tennessee Counseling Association. This new relationship allows TherapySites to continue to ... adding exclusive benefits and promotional offers. , "TCA is extremely excited about this ...
(Date:6/27/2016)... ... ... TopConsumerReviews.com recently awarded their highest five-star rating to Best Buy Eyeglasses, an ... United States and Canada wear eyeglasses. Once considered to be a purely functional part ... fashion statement. Even celebrities use glasses as a way of creating an iconic image—like ...
(Date:6/26/2016)... California (PRWEB) , ... June 26, 2016 , ... Pixel ... Cut Pro X. , "Film editors can give their videos a whole new perspective ... Christina Austin - CEO of Pixel Film Studios. , ProSlice Levels contains over ...
(Date:6/26/2016)... ... June 26, 2016 , ... Many ... been diagnosed with endometriosis. These women need a treatment plan to not only ... approach that can help for preservation of fertility and ultimately achieving a pregnancy. ...
(Date:6/25/2016)... ... ... of Bruton Memorial Library on June 21 due to a possible lice infestation, as reported ... head lice: the parasite’s ability to live away from a human host, and to infest ... in the event that lice have simply gotten out of control. , As lice are ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... 24, 2016 Research and ... "Structural Electronics 2015-2025: Applications, Technologies, Forecasts" report ... In-Mold Electronics, Smart Skin, Structural Health Monitoring, ... Structural electronics involves electronic and/or electrical components ... replacing dumb structures such as vehicle bodies or ...
(Date:6/24/2016)... 24, 2016 Research and Markets has ... Companion Diagnostic Tests" report to their offering. ... Diagnostics The World Market for Companion Diagnostics ... diagnostics. Market analysis in the report includes the following: ... Vitro Diagnostic Kits) by Region (N. America, EU, ROW), 2015-2020 ...
(Date:6/24/2016)... , June 24, 2016  Arkis BioSciences, ... less invasive and more durable cerebrospinal fluid treatments, ... funding.  The Series-A funding is led by Innova ... Fund, and other private investors.  Arkis, new financing ... instrumentation and the market release of its in-licensed ...
Breaking Medicine Technology: