IRVINE, Calif., April 3, 2008, 2008 -- Edwards
Lifesciences Corporation (NYSE: EW), a world leader in products and
technologies to treat advanced cardiovascular disease, today announced its
50th anniversary of partnering with clinicians to develop life-saving
innovations. To celebrate its five decades of innovation and success, and
eight years as an independent company, Michael A. Mussallem, Edwards' chairman
and CEO, will visit the New York Stock Exchange (NYSE) tomorrow afternoon to
ring The Closing Bell(R), signaling the end of the trading week. A live
webcast of The Closing Bell(R) will be available at http://www.nyse.com
beginning at 3:55 p.m. EDT on April 4, 2008.
Edwards' 50-year history dates back to 1958, with the development of the
first commercially available artificial heart valve by Miles "Lowell" Edwards
and Dr. Albert Starr. The company built on this legacy by innovating a number
of other pioneering products including the first -- and only --
biomechanically engineered tissue heart valve; the first heart valve repair
ring; the first embolectomy catheter to remove obstructions in blood vessels;
the first pulmonary artery catheter, which established the foundation for
hemodynamic monitoring; and more recently, the first "beating heart"
transcatheter aortic valve replacement.
"We take great pride in our 50-year heritage of working as trusted
partners with clinicians to develop innovative technologies that transform
patient care," said Mussallem. "We believe Lowell Edwards would be very proud
of the company that bears his name today and the more than 5,600 employees
worldwide who carry on his mission to provide treatments and hope for patients
with advanced cardiovascular disease."
"It brings me tremendous joy that the replacement heart valves Lowell
Edwards and I co-developed 50 years ago began a company that today continues
to pioneer live-saving cardiovascular devices and procedures," said Dr. Albert
Starr, medical director of the Providence Heart and Vascular Institute and
co-recipient of a 2007 Lasker Award for the development of artificial heart
valves. "I'm proud of my enduring association with Edwards Lifesciences and
look forward to the company's continued success helping millions of patients
worldwide."
In 1958, Lowell Edwards was a 60-year-old recently retired engineer with
63 patents in an array of industries, an entrepreneurial spirit and dreams of
helping patients with heart disease. With a background in hydraulics and fuel
pump operations, he believed the human heart could be mechanized. He
presented the concept to Dr. Starr, a young surgeon at the University of
Oregon Medical School, who encouraged Lowell Edwards to focus first on
developing an artificial heart valve, for which there was an immediate need.
After only two years, the first Starr-Edwards mitral valve was designed,
developed, tested and successfully placed in a patient.
About Edwards Lifesciences
Edwards Lifesciences is the global leader in the science of heart valves
and hemodynamic monitoring. Headquartered in Irvine, Calif., Edwards treats
advanced cardiovascular disease with its market-leading heart valve therapies,
and critical care and vascular technologies. In 2008, Edwards celebrates 50
years of partnering with clinicians to develop life-saving innovations. The
company's global brands, which are sold in approximately 100 countries,
include CardioVations, Carpentier-Edwards, Cosgrove-Edwards, FloTrac, Fogarty,
PERIMOUNT Magna and Swan-Ganz. Additional company information can be found at
http://www.edwards.com.
Edwards is a trademark of Edwards Lifesciences Corporation. Edwards
Lifesciences, the stylized E logo, CardioVations, Carpentier-Edwards,
Cosgrove-Edwards, FloTrac, Fogarty, PERIMOUNT Magna and Swan-Ganz are
trademarks of Edwards Lifesciences Corporation and are registered in the
United States Patent and Trademark Office. The Closing Bell is a registered
trademark of the New York Stock Exchange, Inc.
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