13.03.2007 18:57:00
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Abiomed Appoints General Manager for European Operations
Abiomed, Inc. (NASDAQ: ABMD) today announced the appointment of Paul
Krell to the position of General Manager for its European operations,
based in Aachen, Germany. Paul Krell joins Abiomed from ev3 Europe where
he most recently served as Vice President, Europe, in the Neurovascular
Division. He has more than 14 years of experience in the medical device
industry, with a strong cardiac background built during his tenure at
Guidant, where Mr. Krell held several management positions, including
Country Manager in Germany for Cardiac Surgery Products and European
Marketing Manager for Tachyarrhythmia Products.
"Abiomed is fortunate to have Paul Krell join
our dedicated team in Europe,” said Michael R.
Minogue, Chairman, President and Chief Executive Officer of Abiomed. "He
has strong operational experience and proven success in our industry. We
look forward to his contributions and leadership as we continue to grow
our European operations.”
Mr. Krell has demonstrated success penetrating the European markets and
driving growth with positions in marketing for Europe and sales
management for Germany. Mr. Krell graduated from the Institute for
Management Development (IMD) International in Lausanne, Switzerland with
an Executive Masters in Business Administration (EMBA) and has a
graduate degree in Electrical Engineering from the Technical University
in Aachen.
"I am excited to join Abiomed and bring
advanced circulatory care to European patients and customers,”
commented Krell.
ABOUT ABIOMED
Based in Danvers, Massachusetts, Abiomed, Inc., is a leading developer,
manufacturer and marketer of medical products designed to assist or
replace the pumping function of the failing heart. Abiomed currently
manufactures and sells the AB5000™ Circulatory
Support System and the BVS®
5000 Biventricular Support System for the temporary support of all
patients with failing but potentially recoverable hearts. The Company
also developed the AbioCor®
Implantable Replacement Heart. In Europe, Abiomed offers the Impella®
LP2.5, Impella®
LP5.0, Impella® LD,
the Impella® RD and
an Intra-Aortic Balloon and the iPulse™
console under CE Mark approval. The Impella®
5.0 and 2.5 are investigational devices limited by Federal Law solely to
investigational use in the United States. Other Impella devices and the
iPulse™ combination console system are not
yet available for sale in the United States. For additional information
please visit: www.abiomed.com.
FORWARD-LOOKING STATEMENTS
This Release contains forward-looking statements, including statements
regarding development of Abiomed’s existing
and new products, the Company's progress toward commercial growth, and
future opportunities. The Company's actual results may differ materially
from those anticipated in these forward-looking statements based upon a
number of factors, including uncertainties associated with development,
testing and related regulatory approvals, anticipated future losses,
complex manufacturing, high quality requirements, dependence on limited
sources of supply, competition, technological change, government
regulation, future capital needs and uncertainty of additional
financing, and other risks and challenges detailed in the Company's
filings with the Securities and Exchange Commission, including the
Company’s most recently filed quarterly
report on Form 10-Q. Readers are cautioned not to place undue reliance
on any forward-looking statements, which speak only as of the date of
this Release. The Company undertakes no obligation to publicly release
the results of any revisions to these forward-looking statements that
may be made to reflect events or circumstances that occur after the date
of this Release or to reflect the occurrence of unanticipated events.
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