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HeartWare Starts Partial Recall of Waterproof Controllers

DOW JONES NEWSWIRES HeartWare International Inc. (HTWR) announced a partial recall of some of its waterproof heartpump controllers that may have reduced speaker-volume levels owing to excess air vacuum in some of the units. The medical-device maker said a July design revision led to the excess air vacuum during air transports. Though the company expanded its product-testing in December of last year to screen out affected units and added a small Teflon vent to prevent the problem. The controllers are part of the HeartWare Left Ventricular Assist Systems, or heartpumps to treat advanced heart failure, which is limited to investigational use in the U.S. The device is available for commercial use in Europe. President and Chief Executive Doug Godshall said, "There are still patients being supported by our now waterproof controllers that do not have the current 'vented' controller. This field program will enable these older versions to be upgraded to the current vented configuration." HeartWare will also replace some other controllers. The company said the reduced volume doesn't otherwise impede the controllers' operation and that it has "significant inventory" of vented controllers and associated components to repair and replace the units without disruptions. The expected cost is less than $400,000, the company said. Shares closed Friday at $49.92 and were inactive premarket. The stock is up 41% this year. -By Tess Stynes, Dow Jones Newswires; 212-416-2481;

Stock News for Heartware International (HTWR)
11/25/201508:14:34Amended Annual Report (10-k/a)
11/24/201512:30:00HeartWare Presentation At The Piper Jaffray 27Th Annual Healthcare...
11/19/201516:34:25Current Report Filing (8-k)
11/19/201516:32:15Filing of Certain Prospectuses and Communications in Connection...
11/13/201507:33:53Current Report Filing (8-k)
11/13/201507:32:08Filing of Certain Prospectuses and Communications in Connection...
11/12/201518:56:00Lifshitz & Miller Law Firm Announces Investigation of C1 Financial...
11/12/201508:55:00HeartWare Presentation At The Canaccord Genuity 2015 Medical...
11/12/201507:34:13Current Report Filing (8-k)
11/12/201507:32:23Filing of Certain Prospectuses and Communications in Connection...
11/11/201515:02:00SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Commencement...
11/10/201517:30:00Bragar Eagel & Squire, P.C. Is Investigating the Officers & Directors...
11/06/201508:55:00HeartWare Presentation At The Credit Suisse 24th Annual Healthcare...
11/03/201517:04:22Current Report Filing (8-k)
11/03/201517:02:39Filing of Certain Prospectuses and Communications in Connection...
11/03/201508:00:00HeartWare International Announces Expiration Of Hart-Scott-Rodino...
11/02/201517:04:42Quarterly Report (10-q)
10/30/201502:41:42Heartware Hopes For Heart Pump Treat, Not Trick
10/29/201520:58:00ALERT: Khang & Khang LLP Announces an Investigation of Claims...
10/29/201507:19:01Current Report Filing (8-k)

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