Navigation Links
Cardiac Science Announces Third Quarter Results
Date:11/9/2009

r a temporary ship hold, the Company's manufacturing and quality teams performed well, filling the vast majority of open orders that had accumulated during the ship hold. Cardiac monitoring revenue decreased 15% compared to the prior year period, driven by slowed demand in the hospital and physician office markets.

The Company recorded a charge of $18.5 million for estimated costs relating to an initiative to improve the reliability of approximately 300,000 AEDs in the field. The Company has determined that, in very rare instances, AEDs may fail to deliver therapy due to a suspect component. The Company has improved its manufacturing process to enhance component reliability in forward production and has elected to undertake an initiative to further strengthen the reliability of field units. The initiative is expected to cost $18.5 million, but the Company is still in discussion with the FDA and other stakeholders to determine the final scope and details. Actual costs may be more or less than the amount of the estimated charge, based on a number of factors.

In addition, the Company's third quarter results reflect a charge to earnings of $44.0 million to increase its valuation allowance against deferred income tax assets. In light of recent losses, including the $18.5 million charge relating to the anticipated field initiative, the Company has made an assessment that the realization of the benefit of its deferred tax assets, primarily comprised of income tax loss and tax credit carry-forwards, is not "more likely than not" in accordance with applicable GAAP guidelines and has therefore increased its valuation allowance against those assets. This is a non-cash charge that has no impact on the Company's liquidity and the tax loss and credit carry-forwards remain available to offset future cash income taxes when the Company regains profitability.

"Gaining clarity on the financial impact of the component issue will allow all of our stake
'/>"/>

SOURCE Cardiac Science Corporation
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Related medicine technology :

1. Personalized Medicine - The Genomic Revolution in Cardiac Care
2. FAU Receives Patent for Invention Which Induces and Restores Cardiac Muscle Function
3. Signalife Completes Testing of Modules for Holter and Intra-Cardiac Monitor
4. Abbotts XIENCE(TM) V Everolimus Eluting Coronary Stent Shows Continued Superiority to TAXUS Stent in Reducing Major Adverse Cardiac Events in SPIRIT III Clinical Trial
5. Study Shows Vernakalant Hydrochloride is Effective in Conversion to Normal Heart Rhythm in Atrial Fibrillation Patients Following Cardiac Surgery
6. FDA Concludes There is No Increased Risk of Cardiac Events for Patients Treated with omeprazole and NEXIUM(R) (esomeprazole magnesium)
7. Do-It-Yourself Cardiac Bypass Surgery: All You Need is Walking Shoes
8. Innocoll Announces Dosing of First Patient in US Phase 3 Clinical Trial to Investigate CollaRx(R) GENTAMICIN SURGICAL IMPLANT for the Prevention of Surgical Site Infections in Cardiac Surgery Patients
9. Boston Scientific Announces CE Mark Approval for New Devices to Treat Heart Failure and Sudden Cardiac Death
10. DATATRAK and COResearch to Collaborate on Six Cardiac Safety Projects
11. Study Finds PCI Safe, Effective Despite Off-Site Cardiac Surgery
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/20/2015)... BOSTON , April 20, 2015  Teradata ... analytics and marketing applications company, ... companies. The Teradata Analytics Framework for Life Sciences ... such as Research and Early Discovery (RED), clinical ... data from multiple, relevant sources, companies can benefit ...
(Date:4/20/2015)... , April 20, 2015   Gateway ... Research and Training Institute today expanded its Naloxone: ... outpatient locations.  A $50,000 grant from the ... research project possible.  The yearlong ... to patients and their family members upon completion ...
(Date:4/20/2015)... , April 20, 2015 Pharmaceutical Research and ... $51.2 billion last year in the research and development ... represents the majority of all biopharmaceutical R&D spending – ... United States . The new R&D numbers, the ... are highlighted in the newly released PhRMA ...
Breaking Medicine Technology:Teradata Delivers Big Analytics Innovation for Life Sciences 2Teradata Delivers Big Analytics Innovation for Life Sciences 3Teradata Delivers Big Analytics Innovation for Life Sciences 4Gateway Rehab and the Kenneth S. Ramsey, PhD Research and Training Institute expand Naloxone: Increasing Access, Saving Lives research project to outpatient locations 2Gateway Rehab and the Kenneth S. Ramsey, PhD Research and Training Institute expand Naloxone: Increasing Access, Saving Lives research project to outpatient locations 3PhRMA Member Companies Invested $51.2 Billion in R&D in 2014 2PhRMA Member Companies Invested $51.2 Billion in R&D in 2014 3
... 2011 OncoMed Pharmaceuticals, Inc., a company developing novel ... publication of preclinical data demonstrating that its lead candidate, ... frequency when administered alone or in combination with chemotherapy ... mutations.  This study was published in the March 1, ...
... N.C., March 1, 2011 Max Neeman International has ... rare disease trials in response to sponsor demand. The ... to optimize complex study design.  Often strict inclusion/exclusion criteria ... greatest challenge for Biotech and Pharma that the company,s ...
Cached Medicine Technology:OncoMed Anti-Cancer Stem Cell Antibody OMP-21M18 Demonstrates Potent Activity in Preclinical Studies Against Human Colon Cancer Tumors Regardless of KRAS Mutation Status 2OncoMed Anti-Cancer Stem Cell Antibody OMP-21M18 Demonstrates Potent Activity in Preclinical Studies Against Human Colon Cancer Tumors Regardless of KRAS Mutation Status 3OncoMed Anti-Cancer Stem Cell Antibody OMP-21M18 Demonstrates Potent Activity in Preclinical Studies Against Human Colon Cancer Tumors Regardless of KRAS Mutation Status 4OncoMed Anti-Cancer Stem Cell Antibody OMP-21M18 Demonstrates Potent Activity in Preclinical Studies Against Human Colon Cancer Tumors Regardless of KRAS Mutation Status 5Max Neeman Develops Innovative Approach for Rare Disease Studies 2
(Date:4/20/2015)... Portland, OR (PRWEB) April 20, 2015 The ... about which type of players to add to their rosters, ... off the field. In this episode of SCI TV ... Dallas Cowboys' recent acquisition of Greg Hardy given increased attention ... less than a year after the Ray Rice scandal brought ...
(Date:4/20/2015)... 20, 2015 The American Association for ... and Safety Improvement as the 2015 winner of the ... association’s Annual Meeting, April 18, in Las Vegas, Nevada. ... team, patient safety can be dramatically improved,” said Peter ... CEO. “Northwestern Medicine and its Academy for Quality and ...
(Date:4/20/2015)... Hollywood, California (PRWEB) April 20, 2015 ... Durkin Entertainment held the “RockNRolla Movie Awards” EcoLuxe Lounge, ... Durkin, Los Angeles’ leading producer of sustainable product placement ... top providers of socially conscious and ecologically sound goods ... and film star Chase Masterson hosted the Choices Celebrity ...
(Date:4/20/2015)... 20, 2015 “Consumers deserve to know that ... their children’s hair will not put their health at risk,” ... the National Alliance for Hispanic Health, the nation’s leading Hispanic ... has not had authority to ensure cosmetic and personal care ... FDA had authority to get products off the shelves if ...
(Date:4/20/2015)... 20, 2015 Goodreads is sponsoring a ... Why It’s Good for You and Your Company between ... Pilzer and Rick Lindquist have released a new ... It’s Good for You and Your Company. The book ... insurance woes - employer-funded individual health insurance. , ...
Breaking Medicine News(10 mins):Health News:Character Concerns in the NFL with Vinnie Iyer on SCI TV 2Health News:2015 Leape Ahead Award honors Northwestern Medicine’s Academy for Quality and Safety Improvement 2Health News:2015 Leape Ahead Award honors Northwestern Medicine’s Academy for Quality and Safety Improvement 3Health News:Choices Recovery South Bend Talks About Healthy Decisions with TV's Adrienne Janic 2Health News:Statement of National Alliance for Hispanic Health on Senate Introduction of Personal Care Products Safety Act 2Health News:Zane Benefits Announces Complimentary Book Giveaway On GoodReads: The End of Employer-Provided Health Insurance: Why It's Good for You and Your Company 2Health News:Zane Benefits Announces Complimentary Book Giveaway On GoodReads: The End of Employer-Provided Health Insurance: Why It's Good for You and Your Company 3
... youth, former president Jimmy Carter recently mused Ive been a ... I interrelate with a wide range of studentsI dont detect ... to the exclusion of benevolent causes than others have been ... to support this notion. An article appearing in the ...
... World Health Organization (WHO) standard on fine particulate matter pollution ... concludes research in the Journal of Epidemiology and Community Health. ... fine particulate matter pollution (PM2.5) at 20 g/m 3 by ... US Environmental Protection Agency is 15 g/m 3, while ...
... 5,000 people around the world die from tuberculosis every day, ... it in 40 years. Researchers at the National High Magnetic ... through research made possible by a $2-million grant from the ... possible for Timothy A. Cross, the Earl Frieden Professor of ...
... Delhi and Singapore (January 17, 2008) SAGE, ... to continue its successful growth in public health ... the International Union for Health Promotion and Education ... Education. , Published quarterly, Promotion and Education is ...
... . , In the 1960s, Ancer Keys, ... of the Mediterranean diet for the first time. Since ... have been conducted. According to several studies performed in ... incidence of diseases is lower in these countries than ...
... a tumor of the nervous system in children, poses ... Center (Deutsches Krebsforschungszentrum, DKFZ) have been searching for substances ... drugs. Now they have found a candidate: HC-toxin, ... substance from the maize pathogen reprograms neuroblastoma cells in ...
Cached Medicine News:Health News:Europe should adopt WHO recommendations for particulate matter cuts 2Health News:Researcher, magnet lab receive $2 million grant to target tuberculosis 2Health News:Consuming extra virgin olive oil helps to combat degenerative diseases such as cancer 2Health News:Plant pathogen yields substance to fight neuroblastoma 2
... design allows "Four gels in one tank" electrophoresis. ... run 200 samples or more in one compact ... gels. To ensure even migration, the electrode height ... being run. Ideal for high throughput procedures, an ...
... tanks come with turn and cast gel ... pouring as simple as possible. , ... your application. Avaialble in a variety of ... gel size right up to the 20 ...
... UniPhor units can be used for: ... and non denaturing SDS-PAGE gels IEF ... Z64,075 1) Preparative Protein and Peptide ... gels IEF in Agarose Ampholyte Gels ...
... Horizontal Gel System provides a compact format ... DNA fragments, PCR products and synthetic oligonucleotides, ... The Mini Horizontal Unit has gel bed ... The gel bed is UV transparent. Adjustable ...
Medicine Products: