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Thoratec Reports Second Quarter Revenue Increase of 17 Percent
Date:8/3/2011

T)," said Gary F. Burbach, president and chief executive officer.

"We were particularly pleased with HeartMate II unit growth of 21 percent in the U.S. and 20 percent internationally, demonstrating healthy underlying market trends and HeartMate II's strong competitive position. This growth is being fueled by the compelling long-term patient outcomes achieved with the device, as well as the impact of our programs to facilitate referral activity, support capacity expansion at existing centers, and foster VAD programs at new centers," he added.

The company said it ended the second quarter of 2011 with 272 HeartMate II centers globally, including 135 in the U.S. and 137 internationally, versus a total of 254 centers, including 130 in the U.S. and 124 internationally, at the end of fiscal 2010. In addition, 99 centers in the U.S. have now received CMS (Centers for Medicare and Medicaid Services) certification for DT reimbursement, or an increase of nine versus the end of fiscal 2010.

Burbach said the company continues to invest in its long-term growth strategies. "During the quarter, we expanded our field organization to support our broad array of market development efforts, and we continued to hit important milestones in our product development and clinical programs. For example, the full commercial launch of our sealed grafts for the HeartMate II, which occurred late in the first quarter, has gone very well, generating highly positive feedback from the clinical community in terms of ease of use, reduction in operating room time and reduced rates of peri-operative bleeding."

Also during the quarter, Thoratec announced a technology development agreement with WiTricity Corporation related to WiTricity's proprietary wireless resonant energy transfer technology for application in the field of mechanical circulatory support. "This agreement is an important milestone for our fully implantable HeartMate II program, which represents a key componen
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SOURCE Thoratec Corporation
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