Beware of LivaNova

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anonymous said:
QUOTE="anonymous, post: 5680395"]This company is self destructing, I feel sorry for the Cyberonics investors who believed that Sorin was actually bringing anything to the merger. Since the merger the company has gone from a 3.2 Billion to a 2.3 Billion in valuation. The corporate joke at within the Houston office is "How do you create a 1 billion med tech start up?? ..... you let the current CEO of Livanova merge two companies worth 3.2 Billion dollars.

The old boys club executive board has no clue or care for the future of this corporation they are an old irrelevant group of european aristocrats looking for their one last pump and dump before they retire in their villas with wives and girlfriends. It will be interesting to see how long it takes the institutional shareholders to wake up and start liquidating the company. I believe the corporate roadmap must be similar to that of Theranos

Let's see how things shake out in the next few weeks. equinox two knows whats up while trying to unload a 300M position. Tough to get out as it goes down but who in the world would own 10% of this donkey dew
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That's the only thing redeemable about the company currently, it's a excellent therapy for the epilepsy population. It makes a lot of sense for the correct patient type and its use continues to grow. Unfortunately the company doesn't believe in rewarding the sales force that drives the increased revenue. Hopefully the whole thing doesn't implode since it would deny patients a much needed therapy.
 







This quote is spot on!

Watch the #1 stock holder drop their holdings to zero. Now under 10% so noone will know for a while when its all sold but it will be before you lousers can sell! Lol
 






The upper management here are completely devoid of common sense. Last year the company in their infinite wisdom decided to shift the end of the 4th qtr from January to December. Nothing like wrappin up a quarter in the middle of the holidays. So you lose 2.5-3 weeks to schedule OR dates on top of all the end of the year crap. So you would think that it makes sense to adjust goals to reflect the smaller sales window right? Nope, not with these idiots. At the same time they want to encourage and on demand business model to limit bulk purchases/discounts. So implant the same number of patients but do it with 3 fewer weeks. All that does is encourage bulk purchases to hit your number which just screws up Q1. Apparently they don't believe in realistic and attainable goals. I hope the quarter bombs to send and a message to the mouth breathers that do the forecasting upstairs to pull their heads out of their asses.
 






LivaNova's "cash cow" was just diagnosed with mad cow disease and the FDA is shooting it in the head.

United States: Over 600,000 Open-Heart Surgeries Since 2012 At Risk For Deadly Infection


If you or a loved one has had open-heart surgery since 2012, federal officials have a warning you don't want to ignore. More than 600,000 patients in the United States who've undergone open-heart surgery since 2012 may be at increased risk for developing a rare, deadly bacterial infection transmitted by a medical device used during surgery.

The slow-growing bacterial infection caused by exposure to non-tuberculous mycobacterium chimaera, also known as NTM, is rare and difficult to detect. The infection is difficult to diagnose because the symptoms are very general, and may be attributable to other illnesses, thereby delaying accurate diagnosis. There is no test to determine whether you've been exposed to NTM. Diagnosis can be made through a laboratory culture although it may take up to two months to confirm the presence of infection because of the slow-growing nature of the bacteria.

Patients with weakened immune systems, or those who've had invasive procedures, are at greater risk for developing the infection if exposed to the NTM bacteria.

The FDA and CDC (Centers for Disease Control and Prevention) have traced the contamination back to Stockert 3T heater-cooler devices manufactured by German-based LivaNova PLC. The heater-cooler unit is used to warm and cool patients' blood and organs during cardiopulmonary bypass surgery. Federal officials believe NTM bacteria contaminated the devices during the manufacturing process. The FDA estimates there are approximately 2000 of these heater-cooler devices currently in use in the U. S., which have been available since 2006.

There are more than 250,000 open-heart procedures performed each year in the United States, and with LivaNova heater-cooler devices occupying nearly 60% of the U. S. market share, federal officials fear thousands of patients may have been exposed to the potentially deadly bacteria since 2012.

The CDC recommends patients who have had open-heart surgery since 2012 should be aware of the signs of NTM bacterial infection. Because of the slow-growing nature of the bacteria, patients may not develop symptoms for months or years after open-heart surgery. If you develop any of these symptoms, please contact your doctor immediately.

Symptoms of NTM infection include:

  • Night sweats
  • Muscle aches
  • Weight loss
  • Fatigue
  • Unexplained fever
There are 28 confirmed cases of NTM infection following open-heart surgery, including 4 deaths, since 2015. Hospitals in Iowa, Michigan and Pennsylvania have reported cluster infections. NTM infections have also been reported in Europe.

Federal officials caution that the risk of infection is very low, between 1 in 100 to 1 in 1000. Patients with implanted valves or prosthetics have a higher risk of infection.

The CDC also recommends hospitals critically examine their heater-cooler devices, and stop using the devices if there is any evidence or suggestion of bacterial contamination. In addition to bacterial contamination during the manufacturing process, CDC officials believe design flaws in the device make cleaning and sterilization between patients difficult, even though the manufacturer updated cleaning methods in 2015. The CDC recommends hospitals strictly adhere to cleaning and sterilization procedure.

The good news is NTM bacterial infection is not always a deadly diagnosis. If caught early, the infection can be treated with a course of a specific combination of antibiotics, although it may take a year or longer to cure.
 






LivaNova PLC (LIVN) Price Target Lowered to $54.00 at Canaccord Genuity
November 3rd, 2016 - By Doug Wharley - 0 comments
a PLC (NASDAQ:LIVN) had its price objective lowered by equities research analysts at Canaccord Genuity from $67.00 to $54.00 in a research report issued on Thursday. The brokerage presently has a “hold” rating on the stock.

Our company is swirling the drain, can't believe we are now a only a 2.0 billion we were that before the bright idea of merging with Sorin, now all our earnings will be used to cover the class action coming from both sides of the business.................. Time to start brushing up the resume' hope Oil prices go back up and NASA starts hiring again.
 






Ann Thorac Surg. 1997 Jun;63(6 Suppl):S28-9.
Vagus nerve stimulation as a method to temporarily slow or arrest the heart.
Matheny RG1, Shaar CJ.

Author information

⦁ Abstract

BACKGROUND:
Electrical stimulation of nerves is used to study nervous system and body function relationships. Electrical stimulation of the vagus nerve was used to slow the heart during coronary artery bypass grafting.

METHODS:
A 48-year-old man with multivessel coronary artery disease, scheduled for revascularization, gave informed consent for the surgeon to stimulate his vagus nerve. As part of the operation the left internal mammary artery was harvested as a pedicle and the patient was placed on cardiopulmonary bypass. The vagus nerve was isolated as it crossed the aorta just lateral to the phrenic nerve. Pacing wires were placed (1 cm apart) allowing prodromic conduction. With the patient fully supported by cardiopulmonary bypass and after administration of neostigmine (2.5 mg intravenously) eight separate continuous 5-second electrical pulse trains (25 Hz, 20 V, pulse width of 0.1 ms) were delivered to the nerve with 30-second rest periods between each stimulation. During the periods of stimulation the mammary artery to left anterior descending artery anastomosis was completed.

RESULTS:
Electrical stimulation caused cessation of the heartbeat, termination of the same resulted in normal sinus rhythm, although it was slowed by the neostigmine. Suturing of the anastomosis was done during periods of stimulation. Additional anastomoses were completed using cardiopulmonary bypass-delivered cardioplegia and aortic cross-clamping.

CONCLUSIONS:
Electrical stimulation of the vagus nerve slowed and temporarily arrested the heart for brief periods to allow critical placement of anastomotic sutures.

www.ncbi.nlm.nih.gov/pubmed/9203592


Event Date 03/03/2008
Event Type Injury
Patient Outcome Required Intervention
Event Description
Initial reporter called to ask if manufacturer had any info on vns pt's experiencing asystole caused by swiping their magnet or stimulation. It was additionally reported "a pt had a seizure and the nurse swiped with a magnet. Afterwards the pt went into asystole, which lasted several seconds. The pt was in the hospital due to seizures and connected to a monitor so they were able to see it. " the pt's seizure rate was above their pre vns seizure rate and was a change for the pt. No further info has been attained from the site after good faith attempts have been made.

http://www.accessdata.fda.gov/scripts/cdrh/cfdocs/cfMAUDE/Detail.CFM?MDRFOI__ID=1022608

The VNS is only indicated for the treatment resistant. Think about that one for awhile.
 


















It keeps getting worse here. They will keep cutting compensation until people start quitting in mass just to see how far they can push it. Don't take a job here if you can avoid it. Upper Management isn't trustworthy and the company is going in the wrong direction.
 












The company Livanova, formerly know as Cyberonics, has completely come off the rails. When you think it can’t get any worse they continue to piss in your face and tell you it’s raining. They completely hosed the associates and they came out with an IC plan that actually further disincentivizes the top reps. Do they know what the "I" in IC even stands for? "Work harder and we will pay you less"!? We just left our national meeting where they told us how profitable we are but then cut compensation. Everyone I know in the company is considering leaving. Why behave this way when the job market is strong and the company is flush with cash? The company has no integrity.

Do not take a job here unless you are desperate. We do good work but the people making decisions are unethical. They like to throw around words like “culture” but it’s just a buzzword. They will literally say one thing and do something else the minute you turn your back. I feel bad for anyone who took a job here in the last two years only to have the rug pulled out from underneath them. At least those of us who were here before they handed it over Jason "mr integrity'" Richey got a taste of how a company should be run.

The only way to save the company at this point is to get rid of Jason(this guy has literally lied to my face and then contradicted himself within 24 hours, he’s so full of shit he can’t even keep track of how much he’s shoveling), Fred and Elias. They have completely lost the trust of the work force.
 






anonymous said:
The company Livanova, formerly know as Cyberonics, has completely come off the rails. When you think it can’t get any worse they continue to piss in your face and tell you it’s raining. They completely hosed the associates and they came out with an IC plan that actually further disincentivizes the top reps. Do they know what the "I" in IC even stands for? "Work harder and we will pay you less"!? We just left our national meeting where they told us how profitable we are but then cut compensation. Everyone I know in the company is considering leaving. Why behave this way when the job market is strong and the company is flush with cash? The company has no integrity.

Do not take a job here unless you are desperate. We do good work but the people making decisions are unethical. They like to throw around words like “culture” but it’s just a buzzword. They will literally say one thing and do something else the minute you turn your back. I feel bad for anyone who took a job here in the last two years only to have the rug pulled out from underneath them. At least those of us who were here before they handed it over Jason "mr integrity'" Richey got a taste of how a company should be run.

The only way to save the company at this point is to get rid of Jason(this guy has literally lied to my face and then contradicted himself within 24 hours, he’s so full of shit he can’t even keep track of how much he’s shoveling), Fred and Elias. They have completely lost the trust of the work force.
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Jason and Fred are complete morons. They are the worst excuse for leadership I have ever seen. I dont think either one has an IQ above 60. When you have complete idiots at the top of course they are going to promote complete idiots into regional manager positions. One just has to look at the HV side of the business to see this is true. Collectively, the HV managers range from simply making bad decisions to being extremely incompetent. Anyone on the HV side that is not looking for a new job should have their head examined. This ship is going down at a rapid rate and there is no saving it. Congrats LivaNova leadership, you have officially made a joke out of everyone. Run as fast as you can away from this company.
 


















Beware of Dustin w. Dude tries to lie about his background and experience. To clarify: he has only been a manager for two months. His background is: He was a Toxicology rep.
 






anonymous said:
Beware of Dustin w. Dude tries to lie about his background and experience. To clarify: he has only been a manager for two months. His background is: He was a Toxicology rep.
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Also beware of JL in Chicago. He couldn't manage his way out of a wet paper bag. His "decision making" is singlehandedly sinking his region. He was a medicore rep who only got promoted because he threatened to leave, or he sucks MM off.

He is a former drummer in crappy bands. NO ONE lets drummers have input, or make decisions.
 












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