Organization: World Heart Corp

WorldHeart refinances to avoid bankruptcy

Ottawa-based World Heart Corp staved off bankruptcy with a $63.5-million private placement as part of a major restructuring and downsizing. The deal saw 74.7 million units sold in Canada and the US for $0.85 each….

WorldHeart receives $10-million TPC investment

World Heart Corp has received a $10-million repayable loan from Technology Partnerships Canada (TPC) to conduct clinical trials of its first generation HeartSaver ventricular assist device (VAD). TPC has also indicated it will consider funding the next two generations of the fully implantable heart assist device. Ottawa-based World Heart has been developing the product for…

SYNERGY AWARDS ANNOUNCED AT INNOVATION 2000

The winners of the Synergy Awards for University-Industry Partnerships have been announced. Jointly sponsored by the Conference Board of Canada and the Natural Sciences and Engineering Research Council, they are: APT Power Technologies and Univ of Manitoba; World Heart Corp and Univ of Ottawa Heart Institute; Semex Alliance and Univ of Laval; MDS Sciex and…