Forbes Names SynCardia One of “America’s Most Promising Companies”

 List Features 100 Privately-Held Companies with Compelling  Business Models, Strong Management, Investment Capital and Notable Customers

SynCardia Systems, Inc. has been  selected by  Forbes as one of “America’s Most  Promising Companies.” The list features 100 privately held up-and-comers with  compelling business models, strong management teams, notable customers,  strategic partners and precious investment capital. Ranked No. 77, SynCardia  was the only Arizona company to make the cut.

“In 2010, SynCardia doubled sales over 2009, and in  2011, we are on track to double sales again, representing a four-fold  increase since 2009. We are profitable for the first time in the company’s
10-year history,” said Michael Garippa, CEO/President. “SynCardia is lean by  design and many of our employees are cross-trained in multiple departments.  Every Friday, we continue our six-year tradition of the entire company having  lunch together and sharing project updates to ensure everyone is on the same  page.”

SynCardia designed, developed, and launched the  Freedom® portable driver, the world’s first wearable power supply for the  SynCardia temporary Total Artificial Heart. Weighing 13.5 pounds, the Freedom
driver is CE approved for use in Europe and undergoing an FDA-approved  Investigational Device Exemption (IDE) clinical study in the U.S. To date, 34  patients have been enrolled in the study. Of these patients, 23 have been  discharged from the hospital using the Freedom driver. The study requires
that 30 patients be discharged… read more

•See SynCardia’s profile on Forbes

•See Forbes’ complete list

•Read article in Phoenix Business Journal

Posted in AZBio News, Members.