Exercise of the warrants is contingent on the achievement of certain clinical and regulatory milestones with the Penn State Heart by specified dates. Inc. The completely implantable total artificial heart is implanted in the space created by removal of the patient's heart. This system also uses an implanted controller and energy transmission system.
Heart disease remains the number one cause of death in the United States.
Rosenberg stressed that Penn State's College of Medicine will continue working with another corporate partner, Arrow International of Reading, Pa., on research with heart assist devices. We have worked with Arrow for a number of years and have benefited greatly from our relationship with them. Inc. It was first implanted in Germany in October 1999. The device is in clinical trials in Europe and trials are expected to begin in the next few months in the United States. Currently all assist pumps have drive lines or external tethers that protrude through the skin.