Financial relationships with U.S. physicians

Scope of payments covered in report

The following types of payments are covered under Edwards Lifesciences’ voluntary U.S. physician payment reporting program:

Professional services:

• Educational Speaking or Training: sharing experiences about the use of certain medical devices, conducting medical educational courses, teaching other physicians about the latest developments in the science of medicine, providing other physicians with hands-on training on a specific medical device or procedure, or proctoring of medical device procedures.
• Research or Consulting: providing research and counsel on technologies, diseases, or trends in patient treatment.
• Corporate Scientific Advisory Board: providing Edwards’ management, scientists and engineers with feedback on our research and development pipeline, product ideas, and plans for improvements to existing products.

Intellectual property:

• Royalties or Licensing: fees are paid to physicians who have ownership rights in patents that Edwards uses in its medical technologies.

Limitations:

These disclosures are limited to transactions with U.S. physicians who are Health Care Professionals (“HCP”s) as defined by the AdvaMed Code of Ethics. As a result, there can be situations where a U.S. physician who receives remuneration from Edwards is not listed in this report. For example, if a physician serves on the Corporation’s Board of Directors, but is not involved in purchasing or recommending the purchase of Edwards’ products, they are not an HCP and there is no disclosure of compensation for their services.

For proprietary reasons, payments related to clinical trial research are not included.

2009 payments to U.S. physicians

The following is a list of U.S. physicians to whom Edwards has paid $5,000 or more in 2009 for specified services or transactions. This information will be provided on an annual basis.

The following U.S. physicians received between $5,000 and $50,000:

2010 payments to U.S. physicians

In addition to making Intellectual Property royalty payments to individual physicians, as described above, Edwards also makes such payments to The Cleveland Clinic Foundation for patents made by two physicians who were in The Clinic’s employ at the time of their inventions. The physicians are Delos M. Cosgrove, M.D., and Patrick McCarthy, M.D. Edwards does not know the amounts of payments, if any, The Clinic makes to these physicians.