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