Value Ideas Blog
Special Situation: CARMAT S.A.
This is a rather unusual post for us, because it’s event-driven. Carmat S.A. is a 2008 founded company that produces advanced biological materials. The founder of the company is the 80 year-old surgeon Alain Carpentier who invented the scientific Carpentier-Edwards ® heart valves in the year 1968, which are the most used in the world. The company describes itself with the words: Carmat S.A. is the designer and developer of the world’s most advanced total artificial heart project, providing an alternative for people suffering from end-stage heart failure. Due to the company this disease currently affects over 100 000 patients in developed countries.   The first implantation of the Carmat S.A. bioprosthetic artificial heart in a human was performed on December 18, 2013 at the Georges Pompidou European Hospital in Paris, by the medical-surgical team headed by Professor Alain Carpentier and consisting of Professors Christian Latrémouille (HEGP), Daniel Duveau (Nantes University Hospital), Bernard Cholley (HEGP) and Doctor Denis Méléard (HEGP). Today the newspaper reported that the first client died 75 days after the surgery. That led to a trading stop of the stock. read more