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User:PlanespotterA320/sandbox/Advanced Bionics

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Advanced Bionics
Company typePublic
IndustryMedical devices
Founded1993
FounderAlfred E. Mann[1]
Headquarters
Stäfa, Switzerland
Key people
Gerhard Roehrlein, Chief Executive Officer
Robert Gulock, Vice President
Arthur Rascon, Vice President Of Manufacturing
ProductsCochlear implants
ParentSonova
Websitewww.advancedbionics.com

Advanced Bionics was founded in Valencia, California in 1993 and as of 2009 has been part of Sonova Group.[2] Advanced Bionics is currently the world's second leading producer of cochlear implant systems in sales, behind Cochlear Limited and ahead of MED-EL.[3][4][5] In 2009 Sonova Group bought Advanced Bionics for 489 million USD.[6]

Corporate Affairs

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Advanced Bionics was originally an American company, headquartered in Valencia, California until it was acquired by Sonova in 2009. Since the acquisition the company has been working with with Phonak, another Sonova company, to develop hearing technology, and now their current headquarters is in Stäfa, Switzerland.[7][8] Advanced Bionics primarily competes with MED-EL and Cochlear limited in the cochlear implant market, with it's competitors holding 70% of the market.[9]

Products

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Advanced Bionics produces cochlear implant systems for people with severe to profound hearing loss. Currently in production are both Naída and Neptune series speech processors.[10]

Recalls

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In 2010, Advanced Bionics voluntarily a batch of its HiRes 90K implants after two patients experienced painful malfunctions.[11] After a jury awarded a plaintiff who suffered severe electric shocks 7.25 million USD,[12] Advanced Bionics announced they would appeal.[13]

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See also

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References

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  1. ^ Feder, Barnaby J. (2007-08-10). "To Curb Risk, Boston Scientific to Sell Device Maker It Bought in '04". The New York Times. ISSN 0362-4331. Retrieved 2017-02-10.
  2. ^ Bronzino, Joseph D.; Peterson, Donald R. (2006-04-14). Biomedical Engineering Fundamentals. CRC Press. ISBN 9781420003857.
  3. ^ "Corporate Information - History | Advanced Bionics". www.advancedbionics.com. Retrieved 2016-04-27.
  4. ^ Ahmed, Nabila (2011-09-13). "Big risk in Cochlear's precautionary recall". The Australian. News Corp Australia. Retrieved 2016-07-14.
  5. ^ "New global market analysis for cochlear implants 2016-2020". www.audiology-worldnews.com. Retrieved 2017-02-10.
  6. ^ "Sonova to buy Advanced Bionics Corp for $489 million". Reuters. 9 November 2009. Retrieved 2017-10-17.
  7. ^ "Contact | Advanced Bionics". www.advancedbionics.com. Retrieved 2016-04-27.
  8. ^ "About Us | Advanced Bionics". www.advancedbionics.com. Retrieved 2016-04-27.
  9. ^ "New global market analysis for cochlear implants 2016-2020". www.audiology-worldnews.com. Retrieved 2017-02-10.
  10. ^ "Advanced Bionics | Crunchbase". Crunchbase. Retrieved 2017-10-17.
  11. ^ Health, Center for Devices and Radiological. "Recalls, Market Withdrawals, & Safety Alerts - Advanced Bionics Announces Voluntary Recall Of The Hires 90k Cochlear Implant". www.fda.gov. Retrieved 2016-04-27.
  12. ^ "Jury awards $7.25 million over violent shocks caused by Advanced Bionics cochlear implant". www.hop-law.com. Retrieved 2017-10-17.
  13. ^ "Advanced Bionics will appeal the cochlear implant verdict | Sonova". www.sonova.com. Retrieved 2016-04-27.
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