To improve the lives of Heart Failure patients using Cardiac Contractility Modulation
Impulse Dynamics: A Medical Device Company Dedicated to Transforming the Treatment of Chronic Heart Failure
Impulse Dynamics is a fast-growing medical device company that has pioneered a new form of therapy for heart failure called Cardiac Contractility Modulation, or CCM ®, which is delivered by the company’s Optimizer® Smart Mini System. CCM is first-of-a-kind, proprietary, life-changing treatment alternative for a vast population of heart failure patients across the globe.
To improve the lives of Heart Failure patients using Cardiac Contractility Modulation.
Impulse Dynamics’ mission is to develop and provide Cardiac Contractility Modulation by:
- Striving for excellence in our day-to-day work.
- Abiding by the requirements of the regulatory bodies.
- Facilitating global access to the benefits of our therapy.
- Exceeding the expectations of patients, clinicians, and caregivers.
- Fostering innovation, transparency, honesty, and accountability.
- Creating a work environment that attracts and retains outstanding talent.
- Building value for our shareholders.
COMPANY Q & A
Where Are Your Corporate Headquarters?
The headquarters office is located at
50 Lake Center Executive Parkway
401 Route 73 N, Building 50, Suite 100
Marlton, NJ 08053-3449.
Where and When Were You Incorporated?
Impulse Dynamics was incorporated in Curacao on December 15th, 1997.
Does Your Company Have a Direct Stock Purchase Plan?
Impulse Dynamics does not have a direct stock purchase plan.
Where Can I Find Your SEC Filings? Where Can I Download and View Quarterly and Annual Reports?
Impulse Dynamics does not have publicly-traded securities and therefore does not file reports with the U.S. Securities & Exchange Commission.
When Does Your Fiscal Year End?
Our fiscal year ends on December 31st each year.
Do You Pay Dividends?
Impulse Dynamics does not pay dividends.
What other countries have approved the company’s technology?
In addition to FDA approval, Optimizer® Smart obtained CE mark in October of 2016 and is available in the countries listed below among others covered by the CE mark. The CE mark is currently recognized in 33 countries including:
Click here For a full listing of CE Mark Countries
Optimizer® Smart also recently became available for patients with heart failure in China through a special NMPA (National Medical Products Administration) program, which allows implants in China’s Hainan province while the device application is under review by the NMPA.
What is a Transitional Pass-Through Payment, and how does it affect Impulse Dynamics?
Pass-through payments are additional reimbursements authorized by Medicare for devices or drugs that are new and that have met substantial clinical improvement criteria, and whose costs exceed currently established payment rates. These payments were designed by CMS to make new and potentially beneficial therapies more accessible to Medicare beneficiaries. CMS limits the eligibility for a pass-through payment to a period of at least 2 years, but not more than 3 years beginning on the date that CMS establishes a category of devices, therefore the pass-through status cannot be maintained for over 3-years.
Impulse Dynamics applied for Pass-through payments early in 2019 and was granted approval based on meeting all requirements on November 1, 2019. These payments will take effect for implants conducted in the outpatient hospital or ambulatory surgical center (ASC) setting effective January 1, 2019
How is a CCM® therapy device implanted?
The Optimizer® Smart Mini System includes an implantable stimulation device (similar in size to a pacemaker) and an external charging station. The device is implanted in a small pocket under the skin of the upper chest, along with commercially available pacemaker leads that are placed in the heart’s right ventricular septum, while the patient is under light sedation. After implantation, the physician custom-programs and activates the device for the patient. The Optimizer® Smart Mini then begins sending electrical pulses to the heart muscle for a total of five hours a day, in one-hour treatments separated by regular intervals. The patient charges the device one hour per week using the external charger. Optimizer® Smart Mini systems are expected to last for at least 20 years before requiring replacement.
Who Should I Contact With Questions About Your Shares?
Impulse Dynamics is privately held.
Who Are the Members of Your Management Team?
You can learn more about our management team below.
When Is Your Next Earnings Release?
Impulse Dynamics is privately held and therefore does not issue public earnings releases.
How Do I Contact Investor Relations With a Question or Request?
You can reach Investor Relations by emailing firstname.lastname@example.org.
What is CCM® therapy?
The Optimizer® Smart and its successor, the Optimizer® Smart Mini are minimally invasive, implantable device that delivers a proprietary therapy called CCM® to patients with heart failure. CCM® (cardiac contractility modulation) is a first-of-a-kind, life-changing treatment alternative for a vast population of heart failure patients who remain symptomatic despite guideline-directed medical therapy and are not yet sick enough for a heart pump.
Has the Optimizer® been FDA approved?
The Optimizer® Smart device was approved on March 21st of 2019 for the delivery of CCMTM (Cardiac Contractility Modulation) therapy. This approval is unique since it represents the first device to attain the FDA’s Breakthrough Device status, and go on to the FDA’s Cardiovascular Devices review panel – where it received a unanimous recommendation for approval based on its benefit:risk ratio, and then to receive FDA PMA approval
Simos Kedikoglou, MD
Chief Executive Officer
Simos became our CEO in 2013 and working with the Board and the management team is responsible for defining and executing our corporate strategy. During his tenure, the company has obtained approvals and launched the Optimizer device globally with sales and/or clinical work in Europe, US, China, Japan, Australia, Brazil and India.
Simos was previously a Corporate Vice President of Business Development for Boston Scientific with responsibility for acquisitions, licensing and distribution deals in the US, Europe and Asia. Prior to Boston Scientific, Simos was an Associate Partner with McKinsey & Company in the US, advising clients in healthcare M&A.
Simos holds a Medical Degree from the University of Athens, Greece, an MBA with distinction from Harvard Business School, a Master’s in Public Health from Harvard University, and is a CFA Charterholder.
Chief Financial Officer
Mr. Currie served as Senior Vice President, Chief Financial Officer & Treasurer of Luminex Corporation from October 2003 through July 2021, when the company was sold to Diasorin S.p.A. From November 1998 to October 2003, Mr. Currie served in various key capacities at Luminex, including controller, treasurer, and acting CFO. Before joining Luminex, he was employed as the Chief Financial Officer, Secretary & Treasurer of SpectraCell Laboratories from 1993 to 1998. While at SpectraCell, he also served as Vice President of Finance for two of its subsidiary companies. Mr. Currie earned his BBA from Southwestern University in 1986 and his MBA in Finance and Marketing from The University of Texas at Austin in 1992. Prior to returning to school for his MBA, Mr. Currie was a certified public accountant with Deloitte.
David Prutchi, Ph.D.
Chief Technology Officer
Part of Impulse Dynamics since 1998, David brings over 20 years of experience in biomedical R&D and medical electronic instrumentation design and management to our team. This experience includes Bradycardia Advanced Technology for Sulzer-Intermedics Inc, where he led the design and development of next-generation implantable pacemakers.
President, Chief Commercial Officer
Jason joined the company as President, Chief Commercial Officer in July, 2021. Jason brings two decades of successful leadership from Boston Scientific, Preventice Solutions, and Biotronik. He was most recently SVP of Sales and Marketing for Biotronik in the areas of Cardiac Rhythm Management, Cardiovascular Intervention, Peripheral Vascular Intervention, Diagnostics, and Digital Health. Prior to Biotronik, Jason was the Chief Commercial Officer of Preventice Solutions along with multiple leadership positions including VP of Sales for Boston Scientific. Jason holds a BS in Operations Research and Engineering from the United States Air Force Academy, where he was a distinguished graduate with academic distinction, and holds a MA in Public Management – Finance from the University of Maryland.
Nitsan joined Impulse Dynamics in 2014, bringing over 15 years of experience in Global Human Resources and Corporate Management along with her. She has served in several HR executive roles, with responsibility for developing and implementing the strategies, infrastructure, and programs needed to build and optimize the human capital of the business. Nitsan holds a B.A. in Business Administration from Rupin Academic Center a M.A. in Management and Professional Communications from Clark University, a M.A in law from Bar Ilan University and an executive MBA from Bar Ilan University.
Ishu V. Rao, MD
Dr. Ishu Rao joined Impulse Dynamics in March of 2020 following an accomplished career in clinical practice. Ishu is a board-certified cardiac electrophysiologist who previously spent 17 years caring for heart failure patients, with a focus on interventional therapies. He received his cardiology training at Harbor-UCLA Medical Center in Torrance, Calif., and the Hospital of the Good Samaritan in Los Angeles after completing a residency at the Baylor College of Medicine in Houston. His medical degree was earned at Jefferson Medical College in Philadelphia, after completing an undergraduate degree at Pennsylvania State University.