ABMD - Replacement Heart System Message Board

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Biotech / Medical : ABMD - Replacement Heart System

ABMD 381.02

0.0%

Jan 3 4:00 PM EST

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To: High-Tech East who wrote (6)	11/12/1999 12:35:00 PM
From: BostonView	Read Replies (1) of 147

ABMD action based on takeover speculation. NEW YORK, Nov 12 (Reuters) - Shares of ABIOMED Inc. (NasdaqNM:ABMD - news) jumped 21 percent early on Friday, with analysts saying the developer of an experimental replacement heart was a potential takeover target. Shares rose about 5-1/2 to 31-1/4 in Nasdaq trade. Analysts said ABIOMED is one of four companies developing and manufacturing heart replacement and circulatory devices, known as ventricular assist companies. ''Someone may look at ABIOMED as an inroad into the ventricular assist marketplace,'' said Justin Viacek, an analyst with the investment bank Cruttenden Roth Inc. The company hopes to begin testing its replacement heart on humans by the end of next year. The company declined immediate comment.

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