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LivaNova PLC (symbol: LIVN) is a global leader in medical technology, with nearly five decades of experience and an unwavering mission to enhance patient outcomes around the world. Headquartered in London, UK, LivaNova operates in more than 100 countries and employs approximately 3,000 professionals. The company is publicly traded on the NASDAQ stock exchange.
Specializing in advanced circulatory support, cardiopulmonary solutions, and neuromodulation therapies, LivaNova offers a diverse portfolio of products designed to tackle serious health conditions. Their offerings include surgical heart valves, heart-lung machines, oxygenation equipment, and devices for treating conditions like treatment-resistant epilepsy and depression.
LivaNova was formed through a merger between Cyberonics from the US and Sorin from Italy, combining their strengths to create a powerhouse in medical devices. The company has since streamlined its focus by divesting its cardiac rhythm management and heart valve businesses, allowing it to concentrate on its core strengths.
The company’s commitment to innovation is evident through its continuous development of breakthrough treatments and advanced technologies. By emphasizing both clinical and economic value, LivaNova aims to benefit patients, healthcare professionals, and healthcare systems alike. Approximately half of LivaNova’s revenues are generated from the US, with Europe contributing 21%, and the rest coming from other global markets.
LivaNova’s expertise and global presence make it a significant player in the medical technology sector, dedicated to creating products and therapies that transform lives every day.
LivaNova PLC (NASDAQ: LIVN) announced the appointment of Brooke Story to its Board of Directors, effective September 15, 2022. Story brings over 20 years of experience in medical technology, currently serving as Worldwide President, Integrated Diagnostic Solutions at BD (NYSE: BDX). She previously held leadership roles at Medtronic, enhancing her expertise in the industry. The Board's Chair, William Kozy, emphasized Story's capability in fostering talent and delivering economic value, which is expected to support LivaNova's growth and innovation strategies.
LivaNova PLC (Nasdaq: LIVN) reported a 3.9% decline in revenue, totaling $254.2 million for Q2 2022, though constant-currency revenue increased by 0.5%. Excluding the divested Heart Valves business, revenue grew by 1.8% on a reported basis and 6.5% in constant-currency terms. The diluted earnings per share was $0.30, with adjusted diluted EPS at $0.53. The company anticipates a 4-6% revenue growth for full-year 2022 before currency impacts, while foreign exchange is expected to create a 4-5% headwind. Full-year adjusted EPS is projected between $2.25 and $2.45.
LivaNova PLC (NASDAQ: LIVN) will hold a conference call on August 3, 2022, at 1 p.m. London time (8 a.m. EDT) to discuss its second-quarter 2022 results. The results will be released prior to the call. Interested parties can access a live audiocast on the LivaNova website and also participate via telephone using the specified dialing numbers. A replay will be available for 90 days post-call. LivaNova is a global medical technology company committed to innovative solutions for patients worldwide.
LivaNova PLC (NASDAQ: LIVN) announced that Peter Wilver has joined its Board of Directors, effective immediately, following the company's 2022 AGM on June 13. Wilver brings over 30 years of experience, having previously held significant roles at Thermo Fisher Scientific, Honeywell, and General Electric. His expertise in strategic planning and financial operations is expected to enhance the Board's oversight. Alongside Wilver, eight current directors were re-elected, solidifying leadership continuity within the organization.
LivaNova PLC (Nasdaq: LIVN) announced that CEO Damien McDonald will present at the Goldman Sachs 43rd Annual Global Healthcare Conference on June 15 at 10 a.m. Pacific Time in Rancho Palos Verdes, California. The presentation will be available via webcast for registered participants. Interested individuals should log on 10 minutes early for setup. A replay will be accessible on www.livanova.com within 24 hours for 30 days post-event.
LivaNova is dedicated to innovative medical technologies, employing about 3,000 staff globally.
LivaNova PLC (Nasdaq: LIVN) reported Q1 2022 results with worldwide sales of $240.2 million, down 3.0% year-over-year. Excluding divested Heart Valves, sales increased 6.2%. U.S. GAAP diluted earnings per share were $0.06, while adjusted EPS reached $0.48. Key advancements included the implantation of 250 unipolar depression patients in ongoing trials and the acquisition of ALung Technologies. LivaNova projects 2022 sales growth between 3-5% and adjusted EPS of $2.50 to $2.80. Despite macroeconomic challenges, growth was noted in Cardiopulmonary and Neuromodulation segments.
LivaNova PLC (NASDAQ: LIVN) announced the launch of the Essenz Patient Monitor, designed to enhance clinical efficiency during cardiopulmonary bypass procedures. The monitor has received FDA 510(k) clearance and CE Mark, enabling its initial deployment in select U.S. and European hospitals. Developed through collaboration with perfusionists, it offers advanced data display and decision-making support. Future stages will include the complete Essenz Perfusion System, aimed at improving patient outcomes through goal-directed perfusion strategies.
LivaNova, a global medical technology company, will hold a conference call on May 4, 2022, at 1 p.m. London time to discuss its first-quarter 2022 results. The results will be released prior to the call. Interested parties can access the audiocast on the company's website or by telephone. LivaNova, headquartered in London, focuses on innovative medical technologies to improve patient care, with a workforce of about 3,000 and operations in over 100 countries. A replay of the call will be available for 90 days.
LivaNova PLC (NASDAQ: LIVN) announces a significant milestone in its RECOVER clinical study, implanting the 250th patient with treatment-resistant unipolar depression. This trial, emphasizing the safety and efficacy of VNS Therapy, is critical due to the high prevalence of treatment-resistant depression worldwide. The RECOVER study, initiated in September 2019, aims to enroll up to 1,000 patients. Interim analyses will assess success probabilities, impacting potential Medicare reimbursement for VNS Therapy. A successful outcome could enhance access to LivaNova's Symmetry device for patients globally.
LivaNova PLC has announced the first patient implanted in its IDE clinical study, OSPREY, aimed at evaluating the effectiveness of its aura6000™ System for treating moderate to severe obstructive sleep apnea (OSA). Conducted at around 20 sites in the U.S., the study plans to enroll up to 150 patients. The aura6000 System is designed to stimulate the hypoglossal nerve and may offer an alternative to CPAP therapy, which many patients find restrictive.
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