Thoratec Net Worth is$457 M Sales
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Thoratec Corporation is a United States-based company that designs, manufactures, sells, and supports products that treat a wide range of clinical needs for advanced heart failure patients, specifically proprietary medical devices for circulatory support, vascular graft applications, point-of-care diagnostic test systems, and skin incision products. Headquartered in Pleasanton, California, U.S.A., its product lines include the Thoratec VAD (Ventricular Assist Device) and HeartMate LVAS (Left Ventricular Assist System). Thorateca??s devices are implanted in patients with advanced heart failure worldwide.
For patients with acute heart failure, Thoratec markets the CentriMag Blood Pumping System, which is manufactured by Levitronix LLC and distributed by Thoratec in the U.S. under a distribution agreement with Levitronix.
Thorateca??s shares were listed on NASDAQ on May 18, 1981.
Thoratec Corporation was incorporated in California in March 1976 under the name Thoratec Laboratories Corporation. The name was changed to Thoratec Corporation in 2001 at the time of a merger with Thermo Cardiosystems, Inc., a manufacturer of cardiac assist, blood coagulation testing, and skin incision devices. The merger was completed on February 14, 2001.
On September 11, 2001, Tom Burnett (COO of Thoratec) and other passengers aboard overpowered the hijackers of United Airlines Flight 93, forcing the terrorists to bank and crash into an open field. All aboard were killed but no one on the ground was harmed.
Thorateca??s cardiovascular division VAD products primarily serve patients suffering from late-stage heart failure. In the United States:
For most patients, heart transplantation is the most effective treatment for survival. However only 2,100 advanced-stage heart failure patients receive heart transplants while some 250,000 have to explore other treatment options. Mechanical circulatory support (MCS) with a ventricular assist device (VAD) is used to boost hemodynamic

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Thoratec Latest News

St. Jude Medical and Thoratec Announce Definitive Agreement

ST. PAUL, Minn. & PLEASANTON, Calif.--(BUSINESS WIRE)--St. Jude Medical (NYSE:STJ) and Thoratec (NASDAQ:THOR) today announced that the Boards of Directors of both companies have unanimously approved a definitive agreement under which St. Jude Medical will ...
Posted: July 22, 2015, 12:00 am

Thoratec's HeartMate III CE Mark Trial Results Positive

Thoratec Corp THOR recently announced that the HeartMate III CE mark trial has successfully met its primary endpoint. HeartMate III is a next-generation continuous-flow left ventricular assist device (LVAD) based fully on magnetically levitated technology.
Posted: September 28, 2015, 1:52 pm

Thoratec (THOR) Shares Cross Below 200 DMA

In trading on Monday, shares of Thoratec Corp. (Symbol: THOR) crossed below their 200 day moving average of $30.77, changing hands as low as $30.70 per share. Thoratec Corp. shares are currently trading off about 2.7% on the day. The chart below shows the ...
Posted: December 14, 2014, 8:55 pm
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