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Troubled Ventracor Of Australia Answers Critics Over Heart Pumps

This article was originally published in PharmAsia News

Executive Summary

Australia's Ventracor denied accusations to the contrary and said it complied fully with federal rules in three instances in which patients died after being implanted with its heart pumps. The company has been accused of delaying notices to investors about problems, which led to an ordered halt to trading in its stock. Ventracor says the three deaths were reported to health authorities and it was not required to disclose them to the stock market. It also said the fractures in its pumps in the three cases were caused by "accidental trauma" and that in eight other non-fatal incidents, the implanted patients were not wearing their support belts. (Click here for more

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