| Customer
Reimbursement Webcast Scheduled, Aligning Recovery Outcomes and Economics
DANVERS, Mass. (May 17, 2006)—ABIOMED, Inc.
(NASDAQ: ABMD) today announced expanded customer services for U.S.
hospitals, including new customer tools, an expanded Partnership
in Healthcare Program to help hospitals optimize their mechanical
circulatory support programs, and customer access to a variety of
services to enhance and improve clinical and financial results.
Included in this offering is a customer Webcast being held on May
18, 2006, at 2:00 p.m. ET. ABIOMED will provide hospital CFOs, Cardiovascular
Surgeons, Service Line Administrators, Coding Managers, Ventricular
Assist Device (VAD) Coordinators, and other hospital staff with
critical reimbursement information for its AB5000™ and BVS®
5000 Ventricular Assist Devices.
Conference call presenters include:
- Daniel Raess, MD, Cardiovascular Surgeon, St. Francis Hospital,
Indianapolis, IN
- Judith M. Hickey, President, Princeton Reimbursement Group
- Andrew Greenfield, Vice President, ABIOMED
- Gwen Mayes, JD, Director, Government Relations & Reimbursement,
ABIOMED.
“As more hospitals, including community hospitals, add circulatory
support to their cardiovascular programs there is increasing interest
for ABIOMED to share best practices for improved clinical outcomes
and reimbursement,” said Michael R. Minogue, Chairman, CEO
and President of ABIOMED. “There have been many changes in
reimbursement for VADs, including the recent Centers for Medicare
and Medicaid Services (CMS) policy for increased reimbursement with
recovery of the native heart on extracorporeal support. This move
by CMS illustrates its recognition of the quality and cost benefits
for heart recovery.”
WEBCAST INFORMATION
To access this Webcast, visit: www.abiomed.com
and click on Reimbursement Webcast.
ABOUT ABIOMED
Based in Danvers, Massachusetts, ABIOMED, Inc. (pronounced “AB’-EE-O-MED”)
is a leading developer, manufacturer and marketer of medical products
designed to assist or replace the pumping function of the failing
heart. ABIOMED currently manufactures and sells the AB5000™
Circulatory Support System and the BVS® 5000 Biventricular Support
System for the temporary support of all patients with failing but
potentially recoverable hearts. In Europe, ABIOMED offers the IMPELLA®
RECOVER® minimally invasive cardiovascular support systems under
CE Mark approval. The IMPELLA products are not yet available for
sale in the United States. The Company’s AbioCor® Implantable
Replacement Heart was the subject of an initial clinical trial under
an Investigational Device Exemption from the United States Food
and Drug Administration. The AbioCor has not been approved for commercial
distribution, and is not available for use or sale outside of the
initial clinical trial. For additional information please visit:
www.abiomed.com.
Contacts:
Liza Heapes
ABIOMED, INC.
Media Relations
(978) 646-1668
mediarelations@abiomed.com
Daniel Sutherby
ABIOMED, INC.
Chief Financial Officer
(978) 646-1812
ir@abiomed.com
FORWARD-LOOKING STATEMENTS
This Release contains forward-looking statements, including statements
regarding development of ABIOMED’s existing and new products,
the Company’s progress toward commercial growth, and future
opportunities. The Company’s actual results may differ materially
from those anticipated in these forward-looking statements based
upon a number of factors, including uncertainties associated with
development, testing and related regulatory approvals, anticipated
future losses, complex manufacturing, high quality requirements,
dependence on limited sources of supply, competition, technological
change, government regulation, future capital needs and uncertainty
of additional financing and other risks and challenges detailed
in the Company’s filings with the Securities and Exchange
Commission, including the Annual Report filed on Form 10-K. Readers
are cautioned not to place undue reliance on any forward-looking
statements, which speak only as of the date of this Release. The
Company undertakes no obligation to publicly release the results
of any revisions to these forward-looking statements that may be
made to reflect events or circumstances that occur after the date
of this Release or to reflect the occurrence of unanticipated events.
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