Welcome to our dedicated page for Livanova news (Ticker: LIVN), a resource for investors and traders seeking the latest updates and insights on Livanova stock.
LivaNova PLC reports developments as a global medical technology company focused on selected neurological and cardiac conditions. Company news commonly covers revenue results and guidance, performance in its Cardiopulmonary and Epilepsy businesses, and updates tied to medical-device commercialization and clinical evidence.
Recurring product themes include VNS Therapy for drug-resistant epilepsy, real-world evidence from the CORE-VNS study, and obstructive sleep apnea technology using proximal hypoglossal nerve stimulation. Updates also include FDA regulatory decisions, including premarket approval for the aura6000 System, investor conference appearances, and business update calls.
LivaNova PLC (NASDAQ: LIVN) has received a close-out letter from the FDA regarding the Warning Letter issued on December 29, 2015, related to its Munich facility and 3T Heater-Cooler device. This closure signifies the successful implementation of corrective actions by LivaNova. CEO Damien McDonald expressed gratitude for the FDA's collaboration and the efforts of the LivaNova team during this process. The company emphasized its commitment to quality and safety in its operations.
LivaNova PLC (NASDAQ: LIVN) announced its participation in the American Epilepsy Society 2022 Annual Meeting, taking place from December 2-6 in Nashville, Tennessee. The company will showcase seven scientific posters focused on advancing neuromodulation and improving treatment for drug-resistant epilepsy. Dr. Bryan Olin emphasized the company's commitment to enhancing patients' quality of life. Attendees will have the opportunity to engage with presenters about the research findings.
LivaNova PLC (NASDAQ: LIVN) has received 510(k) clearance from the FDA for its LifeSPARC system, enhancing access to extracorporeal membrane oxygenation (ECMO) for hospitals. This new clearance allows ECMO use beyond six hours for patients in acute respiratory or cardiopulmonary failure, including those affected by COVID-19. LifeSPARC aims to simplify ECMO with a user-friendly design, making it suitable for healthcare facilities of all sizes. The company has a strong track record of 100% customer response to recent updates following a recall.
LivaNova PLC (NASDAQ: LIVN) announces that its CEO, Damien McDonald, will present a business update at three healthcare conferences in New York this month. The conferences include the Stifel Healthcare Conference on November 15, the Wolfe Research Healthcare Conference on November 16, and the Piper Sandler Healthcare Conference on November 29. The Stifel and Piper events will be streamed live, with recordings available afterward, while the Wolfe conference will not be available for streaming. For more details, visit www.livanova.com/events.
LivaNova PLC (Nasdaq: LIVN) reported a third-quarter 2022 revenue of $252.6 million, a 0.2% decline on a reported basis but 5.2% growth on a constant-currency basis compared to the prior year. A U.S. GAAP diluted loss per share reached $2.01, impacted by a non-cash goodwill impairment charge. Neuromodulation revenue increased by 10.4%, while Cardiopulmonary grew by 6.6%. Advanced Circulatory Support faced a significant 43.8% decline. The company maintains its full-year 2022 revenue growth outlook between 4% and 6% on a constant-currency basis.
LivaNova PLC (NASDAQ: LIVN) will hold a conference call on November 2, 2022, at 12 p.m. London time (8 a.m. EDT) to discuss its third-quarter 2022 results, releasing the details prior to the call. Interested participants can access a live audiocast at www.livanova.com/events. Call-in options are also available for both U.S. and international listeners. A replay will be offered for 90 days post-call. LivaNova is headquartered in London, employing approximately 3,000 people globally, focusing on innovative medical technologies for patients.
LivaNova PLC (NASDAQ: LIVN) announced the appointment of Brooke Story to its Board of Directors, effective September 15, 2022. Story brings over 20 years of experience in medical technology, currently serving as Worldwide President, Integrated Diagnostic Solutions at BD (NYSE: BDX). She previously held leadership roles at Medtronic, enhancing her expertise in the industry. The Board's Chair, William Kozy, emphasized Story's capability in fostering talent and delivering economic value, which is expected to support LivaNova's growth and innovation strategies.
LivaNova PLC (Nasdaq: LIVN) reported a 3.9% decline in revenue, totaling $254.2 million for Q2 2022, though constant-currency revenue increased by 0.5%. Excluding the divested Heart Valves business, revenue grew by 1.8% on a reported basis and 6.5% in constant-currency terms. The diluted earnings per share was $0.30, with adjusted diluted EPS at $0.53. The company anticipates a 4-6% revenue growth for full-year 2022 before currency impacts, while foreign exchange is expected to create a 4-5% headwind. Full-year adjusted EPS is projected between $2.25 and $2.45.
LivaNova PLC (NASDAQ: LIVN) will hold a conference call on August 3, 2022, at 1 p.m. London time (8 a.m. EDT) to discuss its second-quarter 2022 results. The results will be released prior to the call. Interested parties can access a live audiocast on the LivaNova website and also participate via telephone using the specified dialing numbers. A replay will be available for 90 days post-call. LivaNova is a global medical technology company committed to innovative solutions for patients worldwide.
LivaNova PLC (NASDAQ: LIVN) announced that Peter Wilver has joined its Board of Directors, effective immediately, following the company's 2022 AGM on June 13. Wilver brings over 30 years of experience, having previously held significant roles at Thermo Fisher Scientific, Honeywell, and General Electric. His expertise in strategic planning and financial operations is expected to enhance the Board's oversight. Alongside Wilver, eight current directors were re-elected, solidifying leadership continuity within the organization.