World Heart Corp - WHRT and TSE/WHT Message Board

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Biotech / Medical : World Heart Corp - WHRT and TSE/WHT

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To: Dan Hamilton who wrote (113)	8/24/1998 10:42:00 AM
From: the Chief	of 500

World Heart Corp - FINANCIAL POST ARTICLE WHT Shares issued 12,243,000 Aug 21 close $12.45 Mon 24 Aug 98 In the News The Financial Post reports in its Saturday edition that the artificial heart device called HeartSaver has come a long way from its inception as a research program at the University of Ottawa. Reporter Al Toulin says that World Heart, which makes the device, went public on July 21, and expects to see the first human implant of the device in late 1999. It closed its first day on the Toronto Stock Exchange at $12.10 and was trading in the $13 range in mid-August. World Heart expanded this year to set up a manufacturing plant to begin production of the HeartSaver. The company set standards and criteria for its manufacturing activities and is continuing pre-clinical trials on the device. Chief executive Rod Bryden says it no longer is a research project. Mr Bryden says that the company now has a 22,500-square-foot plant in which 8,000-square-feet is set for manufacturing. By 2001, World Heart aims to sell 2,000 units at a cost of $65,000 each, generating $131-million in revenue and net income of $19-million. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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