Cambridge Heart Names Robert B. Palardy as Chief Financial Officer.CAMBRIDGE, Mass.--(BW HealthWire)--Nov. 11, 1997--Cambridge Heart, Inc. (Nasdaq:CAMH CAMH Centre for Addiction and Mental Health CAMH Contemporary Arts Museum Houston (Houston, TX) CAMH Comprehensive Accreditation Manual for Hospitals ) today announced the appointment of Robert B. Palardy as the Company's Chief Financial Officer. Mr. Palardy joins Cambridge Heart from Smith & Nephew Endoscopy endoscopy Examination of the body's interior through an instrument inserted into a natural opening or an incision, usually as an outpatient procedure. Endoscopes include the upper gastrointestinal endoscope (for the esophagus, stomach, and duodenum), the colonoscope (for the , Inc., where he served as Vice President of Finance and Information Systems for the past seven years. "Mr. Palardy brings to Cambridge Heart extensive experience in the financial management of a large, high-growth medical device company," said Jeffrey M. Arnold, Cambridge Heart Chairman, President and Chief Executive Officer. "His background and knowledge in the areas of strategic financial planning, growth management and business controls will prove invaluable as we prepare for the expanded labeling and commercialization of our lead product, the CH 2000." As Vice President of Smith & Nephew Endoscopy, Inc., a subsidiary of Smith & Nephew focused on the production and distribution of minimally invasive surgical devices, Mr. Palardy maintained total responsibility for financial and information systems strategies and operations. During his 14-year tenure, he also served in financial positions of increasing responsibility for the orthopedic subsidiary of Smith & Nephew. Prior to Smith & Nephew, Mr. Palardy held various financial positions for the pharmaceutical company Rorer Group, Inc., and served in the audit group of Price Waterhouse LLP LLP - Lower Layer Protocol . Mr. Palardy is a certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. holding a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in Accounting from La Salle University, Philadelphia, PA. Cambridge Heart, Inc. is engaged in the research, development and commercialization of products for the noninvasive diagnosis of cardiac disease. Using innovative technologies, the Company is addressing such key problems in cardiac diagnosis as the identification of those at risk of sudden cardiac death Sudden Cardiac Death Definition Sudden cardiac death (SCD) is an unexpected death due to heart problems, which occurs within one hour from the start of any cardiac-related symptoms. SCD is sometimes called cardiac arrest. , the early detection of coronary artery disease coronary artery disease, condition that results when the coronary arteries are narrowed or occluded, most commonly by atherosclerotic deposits of fibrous and fatty tissue. and the prompt, accurate diagnosis of heart attack. CONTACT: Cambridge Heart, Inc. Evanthia K. Malliris, 617/271-1200, ext. 253 or Feinstein Kean Partners Inc. Michelle L. Linn, 617/577-8110 |
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