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Edwards Lifesciences Corp

BUSINESS
June 30, 2000 | Dow Jones
Edwards Lifesciences Corp. said Thursday it filed patent infringement lawsuits in federal court against Medtronic Inc. and St. Jude Medical Inc. Irvine-based Edwards, a manufacturer of products to treat cardiovascular diseases, said it is seeking injunctions and damages in both lawsuits. Edwards Lifesciences alleges that Minneapolis-based Medtronic is infringing patents relating to aortic heart valves and to annuloplasty rings, bands and holders. The suit against St. Jude alleges that the St.
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BUSINESS
August 2, 2003 | From Bloomberg News
Edwards Lifesciences Corp., a maker of heart devices, said it would fire 130 people, or about 2.5% of its more than 5,000 workers, to cut costs. The reductions will result in an expense of $8 million to $10 million taken this quarter, the company said. Ninety jobs will be eliminated in the United States, mostly at Edwards' headquarters in Irvine, spokesman Barry Liden said. Chief Executive Michael Mussallem said the cuts would help the company meet earnings targets.
BUSINESS
April 22, 2000 | (Leslie Earnest)
Edwards Lifesciences Corp. said Friday it has voluntarily suspended sales and clinical trials of a product that is designed to treat a weakness in the wall of an abdominal artery. The Irvine company said it took the action after discovering that a wire within the Lifepath AAA Endovascular Graft System fractured in two patients.
BUSINESS
July 27, 2001
Edwards Lifesciences Corp., which makes medical devices to treat late-stage cardiovascular disease, said Thursday that operating profits rose more than 40% for the second quarter, beating Wall Street forecasts. The Irvine company, which was spun off from Baxter International Inc. more than a year ago, said it earned $17 million, or 28 cents a share, from $12 million, or 20 cents a share, a year ago.
BUSINESS
November 1, 2000 | Marc Ballon
Edwards Lifesciences Corp.'s stock was hammered after the company said it is lowering its profit estimates for the fourth quarter and 2001 because of a weak euro and sluggish sales in several product lines. Shares of the Irvine company, which makes products that treat cardiovascular disease, plummeted more than 41%, the fifth biggest percentage loss in U.S. markets for the day. The stock closed at $13.44, down $9.50 a share, on the New York Stock Exchange.
BUSINESS
April 22, 2000 | From Bloomberg News
Edwards Lifesciences Corp., the largest maker of replacement heart valves, said Friday it has halted use of its surgical patches for protecting dangerously weakened aortas after spotting small cracks in the patches. Routine X-rays of two patients in a trial of the Lifepath AAA Endovascular Graft System revealed the cracks. Neither patient had medical problems as a result of the damaged products.
BUSINESS
July 19, 2000 | From Bloomberg News
Edwards Lifesciences Corp., the No. 1 maker of artificial heart valves, agreed on Tuesday to sell most of its unprofitable Bentley line to Germany's Jostra for about $30 million and said it plans to take charges against earnings related to the sale and severance costs for 60 employees at its Irvine headquarters and in Puerto Rico. Edwards, which was spun off by Baxter International Inc.
BUSINESS
April 1, 2000 | From Reuters
Shares of Edwards Lifesciences Corp., an Irvine developer of cardiovascular products, are scheduled to begin trading officially Monday amid a bullish earnings outlook. The new company, which is being shed by Baxter International Inc. in Deerfield, Ill., will compete against Boston Scientific Corp., Guidant Corp. and Medtronic Inc. in providing products to treat cardiovascular disorders, a market Edwards estimates at $100 billion a year.
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