| New
Hires Represent Expansion of U.S. Sales and Marketing Activities
DANVERS, Mass. (July 11, 2005)—ABIOMED,
Inc. (NASDAQ: ABMD) a manufacturer of products for circulatory care
and support, today announced the appointment of Jim Dillon, Vice
President, Eastern U.S. Sales, and Geoffrey Heldoorn, Vice President,
Western U.S. Sales. The pair brings a breadth of medical device
and surgical technology sales experience to the company, with focused
expertise in working with cardiologists and cardiac surgeons.
"ABIOMED is fortunate to have attracted such high-caliber sales
managers with significant experience in marketing devices for cardiology
and surgery," commented Michael R. Minogue, Chairman, President
and Chief Executive Officer of ABIOMED. "Jim and Geoff will both
play critical roles in the expansion of ABIOMED's U.S. sales and
marketing activities, aiding in the execution of our business model
as we continue to expand our clinical product portfolio."
Jim Dillon joins ABIOMED from VNUS Medical Technologies where he
most recently served as Eastern Sales Director. He has more than
18 years of experience in the medical device industry in a wide
array of surgical specialties. Dillon has been involved with four
highly successful medical device companies focused in part or entirely
on cardiology; VNUS Medical Technologies, Perclose, Heart Technologies
and Devices for Vascular Intervention. He has served in various
roles of business development and sales management during his career
and has continually earned recognition as a prominent sales person
and sales manager in the medical device industry.
Throughout his career, Dillon has been intimately involved with
the initial product development of new proprietary technologies,
establishing domestic sales forces and implementing the training
programs which become the model for success within global sales
organizations. He has served as the primary interface between physician
advisors and engineering teams for the clinical development and
trials of emerging products and their iterative development. Dillon
graduated from Fairfield University in Connecticut with a Bachelor
of Arts in Economics.
Geoffrey Heldoorn also joins ABIOMED from VNUS Medical Technologies
where he most recently served as Regional Sales Director for the
West. He has more than 20 years of healthcare industry sales experience
and has been affiliated with Datascope Corporation, B. Braun Cardiovascular,
and Codman and Shurtleff, a Johnson & Johnson company. The device
markets he was focused on were interventional cardiology, open heart
surgery, and vascular surgery. He held various positions in sales
and management at these companies and was consistently ranked among
the top sales managers in his region.
Heldoorn has experience hiring and training new regional managers,
driving business to achieve company revenue goals and fostering
close relationships with key industry opinion leaders. He has worked
to introduce new proprietary surgical products while also consulting
on marketing and reimbursement. He also has international experience
managing distributors in Japan. Heldoorn graduated from the University
of California, Santa Barbara with a Bachelor of Arts in Chemistry.
Additionally, ABIOMED has recently added three more sales representatives
in the U.S. to capitalize on the recovery market.
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. The Company’s AbioCor®
Implantable Replacement Heart is the subject of an initial clinical
trial being conducted 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
Contact:
Liza Heapes
ABIOMED, INC.
Media Relations
(978) 646-1668
mediarelations@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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