logo
BiVACOR's Total Artificial Heart Receives FDA Breakthrough Device Designation

BiVACOR's Total Artificial Heart Receives FDA Breakthrough Device Designation

Yahoo30-05-2025

Clinical-stage company earns key regulatory milestone as it advances a first-of-its-kind heart replacement system toward wider use.
HUNTINGTON BEACH, Calif., May 30, 2025--(BUSINESS WIRE)--BiVACOR, a clinical-stage medical device company developing the world's first titanium Total Artificial Heart (TAH), today announced that its device has received Breakthrough Device Designation from the U.S. Food and Drug Administration (FDA).
The designation supports the BiVACOR TAH as a bridge to transplant (BTT) for adults with severe biventricular or univentricular heart failure where current treatments, including LVADs, are not viable. The FDA's Breakthrough Device program is reserved for technologies that may significantly improve outcomes for patients with life-threatening or irreversibly debilitating conditions. It offers priority regulatory interaction and accelerated pathways to approval.
"This is more than a regulatory milestone. It's a validation of a concept we've spent decades proving that a fully implantable, total artificial heart isn't just possible, it's necessary," said Daniel Timms, PhD, Founder and Chief Technology Officer of BiVACOR. "Patients with biventricular failure have been overlooked for too long. The early results from our clinical trial show that we can give them a second chance, without the compromises of older technologies. The Breakthrough Device Designation puts us on a faster track to deliver exactly that."
The milestone follows the first phase of BiVACOR's FDA Early Feasibility Study, where five patients in the U.S. received the TAH between July and November 2024. Based on positive safety and performance data, the FDA approved the expansion of the trial to include 15 additional patients starting later this year.
BiVACOR's device represents a new category in artificial heart technology. Compact enough to fit most men and women, the TAH uses magnetic levitation, similar to maglev trains, to suspend a single dual-sided rotor. This rotor simultaneously powers the right and left circulatory systems, mimicking the natural heartbeat without valves or mechanical wear points. Its simplified design allows for pulsatile flow, large blood gaps to reduce trauma, and long-term durability.
"We've seen every kind of artificial heart technology over the last four decades, but this is the first system I've encountered that combines engineering elegance, efficiency, and safety with true clinical viability," said William Cohn, MD, BiVACOR Chief Medical Officer and heart surgeon at the Texas Heart Institute. "The early results are remarkable with no strokes, no device-related complications, and a safety profile unlike anything in this space. With Breakthrough status in hand, we're entering the next phase with the wind at our backs and real momentum to bring this to more patients."
Heart failure affects more than 6 million Americans, and thousands of patients each year progress to irreversible biventricular failure. However, the number of available donor hearts remains stagnant, with fewer than 4,500 transplants performed annually in the U.S. BiVACOR is targeting this critical gap with a durable artificial replacement engineered for eventual long-term support.
The BiVACOR TAH is currently investigational and not approved for commercial use.
About BiVACOR
BiVACOR® is a clinical-stage medical device company developing a fully implantable, magnetically levitated Total Artificial Heart for long-term support of patients with end-stage biventricular heart failure. Founded by biomedical engineer Daniel Timms, PhD, and backed by leading experts in cardiovascular medicine including Dr. William E. Cohn and Dr. O.H. (Bud) Frazier, the company is conducting an FDA-approved Early Feasibility Study in the U.S. Headquartered in Huntington Beach, CA, with clinical operations in Houston and engineering offices in Gold Coast, Australia, BiVACOR is committed to addressing the global shortage of donor hearts through advanced, scalable technology. Learn more at www.bivacor.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250529170802/en/
Contacts
Media Contact: Dana SummersPenman PRdana@penmanpr.com

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Feeling oversubscribed? Why Americans are considering cutting their subscriptions
Feeling oversubscribed? Why Americans are considering cutting their subscriptions

USA Today

timean hour ago

  • USA Today

Feeling oversubscribed? Why Americans are considering cutting their subscriptions

As cost-conscious Americans tighten their belts in an uncertain economy, they are starting to notice how quickly monthly subscription charges add up. Feeling oversubscribed? You are not alone. Most things these days – food delivery, ride hailing, TV and music streaming, fitness classes, digital storage apps – seem to come with a monthly payment. Few people have a system to manage the steady stream of autopilot charges on their credit cards or to track price hikes. What's more, they underestimate how much they spend each month on subscriptions. But as cost-conscious Americans tighten their belts in an uncertain economy, they are noticing how quickly these monthly charges can add up. Some 6 in 10 U.S. adults are considering breaking up with some of their paid subscriptions, according to a recent CNET survey. 'When people's budgets are tighter, they start asking themselves: Do I need to be paying over time for this?' asked Marco Bertini, a marketing professor at Esade, a university in Barcelona, who was not affiliated with the CNET survey. 'It just feels like a heavier burden.' What is the average amount of money spent on subscriptions? Cassandra Navarro of Scottsdale, Arizona, canceled her Hulu, Amazon and DoorDash subscriptions earlier this year. Streaming services have been too quick to drop titles and raise rates, she said, and she'd rather shop in person at Walmart or pick up a takeout order directly than deal with the extra costs associated with delivering goods directly to her doorstep. Navarro and her husband aim to cut out more music and movie streaming services after they move into their new home and have more space to collect CDs and DVDs. 'It just all adds up so much,' Navarro, 30, told USA TODAY. 'We don't mind having one or two subscriptions, but when you have so many subscriptions at once, you start to feel like you don't have control of your life anymore. … You can't keep track of your own finances.' The average American spends over $1,000 a year on subscriptions – $200 of it on unnecessary or unused subscriptions, according to the CNET survey. Why is the subscription model so popular? Nearly 75% of companies that sell directly to customers offer some sort of subscription, according to an industry and background note coauthored by Harvard Business School marketing professor Elie Ofek. The model makes sense in certain industries and can help consumers access big-ticket items, according to Bertini. But companies 'cannot and should not fit subscriptions to everything.' "There are some places where it makes sense, and some places where it doesn't," Bertini said, adding some bank on consumers simply forgetting the recurring charge. Those companies risk losing customers, especially as Americans tighten their purse strings. Retail sales were down 0.9% from the previous month in May, following a 0.1% dip in April, according to the Commerce Department. "Disposable income, during tough times, is a little more uncertain. It may be higher one month, lower another, then maybe I'm unemployed. Do I want to have a recurring expense when my disposable income is a bit fluctuating?' Bertini asked. McCarthy said the biggest risk to subscription companies is a lack of new subscribers, rather than a drop in the current subscription base. And that drop off will hit certain industries harder than others. "If you're a utility like a telecom provider, (the risk is) probably pretty low," he said. "If you start moving toward streaming services, I think the risk goes up. When you move toward a box subscription, the risk becomes pretty high.' Is the 'click to cancel' rule in effect? While subscription companies aren't immune to the effects of increasingly cost-conscious consumers, McCarthy says subscription-based companies are expected to weather economic turmoil better than purely transactional businesses. 'It takes effort to cancel, where it takes no effort to not purchase,' he said, adding that subscription companies fared well during the Great Recession. Netflix, for instance, closed the fourth quarter of 2008 with a 26% year-over-year leap in subscribers, and another 31% increase in the fourth quarter of 2009. Software company Salesforce also saw a jump in revenue and its customer base between 2008 and 2009. But a new rule from the Federal Trade Commission could make it much easier for consumers to click "unsubscribe." The agency's "click to cancel" rule, adopted last year under former Democratic Chair Lina Khan, requires businesses to make it as easy to cancel a service as it was to sign up. In other words, if a company allows you to sign up in two clicks, canceling should take no more than two clicks. Originally set to go into effect in May, the rule has faced legal and political challenges. Business associations have sued to block it, arguing it places too many burdens on businesses. Andrew Ferguson, the current Republican FTC chair, said he voted against 'click to cancel' because it came during the lame-duck period. The FTC has delayed enforcing the rule until July to give companies more time to comply. "I really hope that sticks, because this is hurting people," Khan said during an appearance on the 'Pablo Torre Finds Out' podcast in June. "Nobody should be stuck paying for a subscription that they either never signed up for or want to cancel." Will 'click to cancel' get canceled? New FTC rule faces legal, political challenges How to cancel an unwanted subscription Looking to trim monthly expenses? Here's how to break up with paid subscriptions.

These are the best – and cheapest – states for seniors living alone
These are the best – and cheapest – states for seniors living alone

USA Today

timean hour ago

  • USA Today

These are the best – and cheapest – states for seniors living alone

More than one quarter of seniors live alone, according to Census data. And living solo can present financial perils for Americans of any age. A new report from the senior care platform ranks the best states for over-65 Americans who live alone. The report assigned a 1-10 score to each state, based on more than a dozen qualities, including overall living costs, housing costs, grocery costs, transportation costs, healthcare costs and availability, and the proximity of other seniors. 'Living alone can be a challenge for older people, from increased safety concerns to the toll on their mental health,' the report states. Here's what the analysis found. These neighboring states rank 1-2-3 for solo senior living Three middle-of-America states, Arkansas, Missouri and Kansas, rank first, second and third for solo senior living in the report. Arkansas, with a rating of 8.57 out of 10, has one of the lowest cost-of-living scores in the nation, with affordable housing and low property taxes. It ranks high for affordable transportation and available nursing facilities. Missouri (8.09 out of 10) ranks high for health care affordability and quality. The state also ranks high on assisted living, with 97.5 communities per 100,000 senior residents. Kansas (7.98) ranks favorably for overall cost of living and has some of the nation's lowest grocery prices. It also has the second-highest proportion of nursing facilities, 62.7 per 100,000 seniors. Arkansas also ranks 1st in affordability for solo seniors Arkansas is not just the 'best' state for solo seniors, but also the most affordable, the analysis found. Arkansas has the lowest health care costs among states, as well as low grocery prices and affordable rents. A one-bedroom apartment averages $701 a month. Missouri ranks second for senior affordability, with low rents and transportation costs. Oklahoma ranks third in affordability. The analysis includes data from GOBankingRates, whose calculations found Oklahoma one of the most affordable states for retirees. Maine ranks 1st for highest proportion of seniors Seniors can face loneliness and isolation, especially when they live alone. But not, perhaps, in Maine. The state has the highest proportion of seniors, compared with other states: 22.9%, according to Missouri ranks 1st for cheap rent Seniors often live on fixed incomes. Lower housing costs can help make ends meet. Missouri has the nation's most affordable rents for one-bedroom apartments, with an average of $677 a month. Pro tip: St. Louis is more affordable than Kansas City, with rents averaging about $200 lower. Iowa ranks 1st for availability of nursing facilities With a relatively low over-65 population, Iowa ranks first among states for its proportion of nursing facilities, 71 per 100,000 seniors. More nursing facilities potentially means shorter wait times for Iowans who need nursing care. Alaska ranks 1st for availability of assisted living Alaska, too, has relatively few seniors. The state also has the highest proportion of assisted living communities, a whopping 698 per 100,000 over-65 residents. Missouri has the least expensive assisted living The costs of long-term care can be eye-popping. An assisted living facility charges $5,350 a month, on average, according to T. Rowe Price. Missouri has the lowest annual costs for assisted living, averaging just over $40,000, according to The state's low cost of living reduces operating costs for assisted living facilities. West Virginia ranks 1st on 'comfortable' retirement Getting back to GOBankingRates: The personal finance site analyzed every state for annual retirement costs and found West Virginia the most affordable in its 2024 report, with an annual tab of $58,190. The report factored into the ranking. What are the worst states for solo retirement living? While the report doesn't rank the least desirable states for seniors who live alone, the analysis provides a heat map that gives a good idea of which states a cost-conscious senior might want to avoid. Not surprisingly, the 'worst' and least affordable states for solo seniors tend to fall on the East and West coasts. California and Massachusetts have some of the lowest overall scores. The same states rank poorly on affordability. More on affordable states for retirees Seniors who are looking for a good place to retire may also want to consult GOBankingRates, whose analysts have run the numbers many times on affordable states for retirees. In one recent analysis, the site calculated how long a nest egg of $1.5 million would last for a retiree in every state. That report identified five most affordable states for retirees: West Virginia, where $1.5 million will last 54 years; Kansas (52 years); Mississippi (51 years); Oklahoma (also 51 years); and Alabama (50 years). California and Massachusetts ranked among the priciest states for retirees in the report, along with New York, Alaska and Hawaii.

Map Shows Cheapest and Most Expensive States to Retire Comfortably
Map Shows Cheapest and Most Expensive States to Retire Comfortably

Newsweek

timean hour ago

  • Newsweek

Map Shows Cheapest and Most Expensive States to Retire Comfortably

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. As large swaths of Americans are dipping into their savings to combat increased costs and economic tensions, living in some states as opposed to others could provide better long-term financial security. Why It Matters Financial instability has roiled countless Americans, some of whom are now more fearful of running out of money than dying. Simultaneously, people short on cash or worried about the stock market are dipping into their retirement accounts at higher levels than previously seen. What To Know Americans' economic anxieties come from different places, including fears of recessions, inflation, health issues, grocery and gas prices, tariffs, and fears of government cuts to Social Security and Medicaid. Kiplinger, a publisher of business forecasts and personal finance advice, devised a list of the states where money will go the longest in retirement without breaking the bank. The top 10 states where you need the least savings to retire are as follows: West Virginia – $712,913 – $712,913 Kansas – $741,455 – $741,455 Mississippi – $753,472 – $753,472 Pennsylvania – $864,633 – $864,633 South Carolina – $869,140 – $869,140 Minnesota – $870,642 – $870,642 Wyoming – $872,144 – $872,144 Illinois – $873,646 – $873,646 North Carolina – $905,192 – $905,192 Maryland – $924,720 The top 10 most expensive states where you need savings to retire are as follows: Hawaii – $2,212,084 – $2,212,084 Massachusetts – $1,645,764 – $1,645,764 California – $1,612,716 – $1,612,716 Alaska – $1,292,753 – $1,292,753 New York – $1,292,753 – $1,292,753 New Jersey – $1,163,566 – $1,163,566 Vermont – $1,153,051 – $1,153,051 Washington – $1,145,540 – $1,145,540 Maine – $1,144,038 – $1,144,038 Arizona – $1,133,522 A recent AARP survey found that about 20 percent of adults age 50 and older have no retirement savings, and roughly 61 percent are worried they will not have enough money to support themselves in retirement. While Americans are 15 times more likely to save for retirement when they have access to a plan through their employer, AARP reports that nearly 57 million people do not have access to a work-based retirement plan. John Tamny, founder and president of the Parkview Institute and senior fellow at the Market Institute, told Newsweek that the nation is in a "pivotal moment" following general inaction on behalf of multiple presidential administrations and countless lawmakers in Washington, D.C. He said the Trump administration is taking steps required to stabilize long-term fiscal sustainability by addressing structural deficits, rebalancing global trade relationships, and initiating housing reforms that prioritize supply-side incentives. "There are tensions," Tamny said. "Tariffs, housing affordability, concerns around entitlement spending—but these issues didn't begin today. What is new is the willingness to confront them head-on. That means Americans should reframe retirement planning not around fear, but around resilience. "In this environment, retirement preparation should be more dynamic, incorporating inflation-protected investments (like Treasury Inflation-Protected Securities, or TIPS), flexible retirement age expectations, and diversified income streams. Social Security may see adjustments, but by acting now, decades before any potential shortfall hits, this administration is likely protecting the program's future viability." A study by Vanguard that examined data from nearly 5 million people with retirement accounts found a record 4.8 percent of account holders took hardship withdrawals from their 401(k) accounts in 2024, up from 3.6 percent in 2023. He also said that geography certainly plays a role in how Americans of different ages and financial backgrounds are affected, and in turn their retirement prospects. For example, Americans in high-cost areas should plan more carefully as should those in coastal cities with high housing costs and climate-related infrastructure pressures, like California and Florida. "For Americans in high-cost states, that means thinking seriously and strategically about location," he said. "It's practical to think this way. Remote work, more portable benefits, and expanding infrastructure make relocation more feasible than ever. "Retirement security is no longer just about how much you save; it's also about where you spend those savings."

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store