Former Chief Considers Return To Save Aussie Device Firm Ventracor
This article was originally published in PharmAsia News
Executive Summary
Failed Australian medical device maker Ventracor may have a white knight in its fired former chief considering a return to resuscitate the firm. Michael Spooner was fired as CEO unexpectedly in 2003, at a time when Ventracor appeared healthy and the company that boasted Spooner had raise nearly U.S.$49 million in capital. A group of Ventracor shareholders has asked him to return and try to turn around the collapsed company, which failed in an effort to find a buyer for its VentrAssist heart pump. (Click here for more