| Danvers,
Mass., December 19, 2005—ABIOMED, Inc. (NASDAQ: ABMD),
a leading developer, manufacturer and marketer of medical products
designed to assist or replace the pumping function of the failing
heart, announced today the appointment of Daniel J. Sutherby, CPA,
MSF, as Chief Financial Officer effective January 3, 2006. Mr. Sutherby
will be responsible for all financial functions of ABIOMED and will
ensure that the Company’s systems and processes with respect
to treasury, control, financial regulatory compliance, financial planning,
capital allocation and other finance operations are best prepared
and aligned to maximize ABIOMED’s growth. In addition, Mr. Sutherby
will play a key role with strategic planning, business development
and investor relations. Charles B. Haaser, who has served as ABIOMED’s
interim Acting Chief Financial Officer, will continue as the Company’s
Corporate Controller and Principal Accounting Officer.
“We are excited to begin working with Dan Sutherby and look
forward to his contributions as Chief Financial Officer,”
said Michael R. Minogue, Chairman, CEO and President of ABIOMED.
“His financial expertise combined with investor relations
experience makes him the ideal person to execute on the many functions
of this position.”
Mr. Sutherby brings more than 19 years of management experience,
including seven years in leadership positions at PerkinElmer, Inc.,
a publicly held global technology leader in the Health Sciences
and Photonics markets with 10,000 employees and revenues of $1.7
billion. While at PerkinElmer, Mr. Sutherby served as Corporate
Director of Global Accounting & Finance during which time the
company completed numerous acquisitions and divestitures and effectively
reconfigured over $1 billion of portfolio revenue. Mr. Sutherby
also served as Director of Global Finance for the company’s
$1 billion Life and Analytical Sciences Unit and most recently,
was Corporate Vice President, Investor Relations, Corporate Communications
and Risk Management. He has extensive experience in accounting and
auditing practices, financial planning and analysis, SEC compliance
and reporting, investor relations and communications, strategic
business planning, mergers and acquisitions, and managing company
growth.
Prior to joining PerkinElmer, Mr. Sutherby held the position of
Assistant Treasurer at Applied Extrusion Technologies, a publicly
traded manufacturer of flexible packaging and specialty films, building
on experience he gained during previous employment through financial
management positions at The Boston Company and American Stores Company.
Mr. Sutherby is a Certified Public Accountant. He earned a Bachelor’s
degree in Accountancy and a Master’s in Finance from Bentley
College in Waltham, MA.
“I am thrilled to be a part of ABIOMED and recognize the
Company as being poised for growth—from the acquisition of
Impella CardioSystems, to ABIOMED’s product pipeline and its
focus and expansion in sales and distribution—it is an exciting
time for the Company. I am proud to be a part of the team,”
said Daniel Sutherby.
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 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
Investor Relations Contact:
Melody Carey
Rx Communications Group, LLC
(917) 322-2571
mcarey@rxir.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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