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

Thoratec Latest News

Thoratec to go head-to-head with Abiomed’s Impella

Thoratec (NSDQ:THOR) today said it won an investigation device exemption from the FDA for a clinical trial comparing its HeartMate PHP catheter-based heart pump with Abiomed‘s (NSDQ:ABMD) Impella 2.5 device. Pleasanton, Calif.-based Thoratec said the ...
Posted: May 26, 2015, 11:49 am

Thoratec Issues Voluntary Device Correction

FOR IMMEDIATE RELEASE - September 14, 2015 - PLEASANTON, CA - Thoratec Corporation (NASDAQ: THOR) today issued a voluntary Urgent Medical Device Correction Letter to all hospitals who have patients supported with the HeartMate II LVAS reminding them to ...
Posted: September 13, 2015, 5:00 pm

Thoratec Price May Be Too High for Medtronic, Abbott: Real M&A

Thoratec Corp. may appeal to other suitors, but the rich price tag will probably keep them at bay. The maker of implants that aid failing hearts has 30 days to search for a better offer than the $63.50 a share in cash that St. Jude Medical Inc. has agreed ...
Posted: July 22, 2015, 5:47 am
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