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SynCardia Systems

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uuid0005l5t

Namestring
SynCardia Systems
Legal namestring
SynCardia Systems, LLC.
Company typeenum
Public
Founded yearint
2001
Descriptiontext

SynCardia Systems is the privately-held manufacturer of Total Artificial Heart. The SynCardia temporary Total Artificial Heart (TAH) is used as a bridge to transplant, helping them survive until a matching donor heart. becomes available.

Short descriptiontext

SynCardia Systems is a medical technology company.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersTucson, United States
HQ citystring
Tucson
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
total artificial heart, mechanical circulatory support, bridge-to-transplant therapy, biventricular heart failure devices, pneumatic ventricular assist
Industry2 codes
1Mechanical Circulatory Support (VAD, IABP, ECMO)
CodeHLAHAFAGPrimaryYes
2Cardiac Assist & Heart Failure Therapies (Implantables, Neuromodulation)
CodeHLAHAFALPrimaryNo
NAICS code2 codes
  • Electromedical and Electrotherapeutic Apparatus Manufacturing334510
  • Surgical Appliance and Supplies Manufacturing339113
SIC code2 codes
  • Electromedical & Electrotherapeutic Apparatus3845
  • Surgical & Medical Instruments & Apparatus3841
Product category
Total Artificial Heart Medical Devices
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1SynCardia Total Artificial Heart Device Sales
TypeHardware Sales
Description

Revenue from the sale of SynCardia Total Artificial Heart ventricles and associated components to transplant centers. Full-year 2025 revenue was $4.94 million, a 12.5% increase year-over-year.

stocktitan.net
2Freedom Driver Rental Program
TypeSubscription Recurring
Description

Rental revenue from the Freedom Driver portable system used by eligible patients discharged from hospital while awaiting transplant. Q1 2026 revenue of $1.2M was driven by growth in both product revenue and the Freedom Driver rental program.

stocktitan.net
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 4 records shown
1SynCardia Total Artificial Heart (STAH)
Description

FDA-approved total artificial heart for bridge-to-transplant in patients with end-stage biventricular heart failure

syncardia.com
+3 more records
Core offering1 text field

SynCardia Systems develops, manufactures, and sells the SynCardia Total Artificial Heart (STAH), the only FDA- and Health Canada-approved total artificial heart commercially available in the U.S. and Canada. The company offers the device in two ventricle sizes (70cc and 50cc) along with two pneumatic driver systems—the Companion 2 (C2) for in-hospital use and the Freedom Driver for outpatient mobility—and is developing the next-generation fully implantable Emperor Drive System.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Over 2,100 SynCardia Total Artificial Heart implants performed across 27 countries
+2 more records
Product overview1 text field

SynCardia Systems manufactures a unified product ecosystem centered on the SynCardia Total Artificial Heart (STAH), the world's first and only FDA-approved total artificial heart. The portfolio includes two sizes of the artificial heart (70cc and 50cc) and two driver systems: the Companion 2 Driver for in-hospital use and the Freedom Driver for portable outpatient support. The company is developing next-generation platforms including the Emperor Drive System (a fully implantable electromechanical driver) and Unicorn (driver miniaturization), both currently investigational.

Product and service4 records
1SynCardia Total Artificial Heart (STAH)
CategoryTotal artificial heart implantable device
Description

FDA-approved total artificial heart that replaces both failing ventricles and all four native heart valves for transplant-eligible patients at risk of imminent death from biventricular heart failure. Available in 70cc and 50cc ventricle sizes.

2Companion 2 Driver (C2)
CategoryPneumatic driver system
Description

In-hospital pneumatic driver system with touchscreen controls that powers the implanted SynCardia Total Artificial Heart following surgery, designed for operating room, ICU, and step-down care settings.

3Freedom Driver
CategoryPortable pneumatic driver system
Description

Portable pneumatic driver system that powers the SynCardia Total Artificial Heart, allowing eligible patients to be discharged from hospital while awaiting transplant. Battery-powered with backpack and shoulder carry options for patient mobility.

4Emperor Drive System (EDS)
CategoryNext-generation electromechanical drive system
Description

Next-generation patent-pending electromechanical actuation platform for the SynCardia Total Artificial Heart, designed to replace external pneumatic drivers and advance toward a fully implantable system. Investigational and not yet approved for commercial sale.

Scale indicator8 records

Each record includes

Type, Value, Description, Source

Partnership3 partners
1Houston Methodist Hospital
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-02-24
Description

Picard Medical and SynCardia hosted an invitation-only surgical training program at Houston Methodist Hospital on February 24, 2026, bringing together cardiac surgeons and clinical teams from four Houston-area heart centers for education on SynCardia Total Artificial Heart implantation techniques, patient selection, and clinical best practices. The training combined classroom instruction with hands-on surgical training and is part of Picard's broader strategy to develop centers of excellence and expand adoption of total artificial heart therapy at leading transplant centers nationwide.

globenewswire.com
2Hydrix Services
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-01-05
Description

SynCardia Systems (subsidiary of Picard Medical) entered into a development collaboration agreement with Hydrix Services on January 5, 2026, to advance the Emperor next-generation fully implantable total artificial heart. Hydrix performs development work through the end of 2026 as a first phase of a broader multi-stage, multi-year program. The agreement is structured around defined engineering verification and regulatory milestones, with continuation between stages dependent on technical progress and safety validation. Picard Medical noted the collaboration may allow the company to benefit from Australian R&D tax incentives of approximately 43% of eligible expenditure.

stocktitan.net
3Picard Medical, Inc. (parent company)
Strategic tierCoreTypeOthers
Description

Picard Medical, Inc. is the parent company and sole owner of SynCardia Systems LLC. SynCardia operates as a wholly owned subsidiary. Picard Medical is publicly traded on NYSE American under ticker symbol PMI. The parent company completed its IPO on September 2, 2025, raising approximately $19.5 million in gross proceeds.

stocktitan.net
Recent move9 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
1Carmat
TypeDirect peer
Description

French-listed developer of the Aeson total artificial heart, the only commercially-relevant TAH competitor to SynCardia. Carmat is CE-marked in Europe and competes in the same bridge-to-transplant clinical niche.

2Abbott
TypeBroad incumbent
Description

Owner of HeartMate 3 LVAD, the dominant left-ventricular assist device. Competes with SynCardia in the mechanical circulatory support space but does not offer a total artificial heart — they are the most likely alternative therapy at U.S. transplant centers.

3Abiomed (Johnson & Johnson MedTech)
TypeBroad incumbent
Description

Acquired by J&J in 2022, Abiomed manufactures the Impella family of percutaneous ventricular support devices. Operates in adjacent mechanical circulatory support indications and shares SynCardia's transplant-center customer base.

4Berlin Heart
TypeDirect peer
Description

Manufacturer of the EXCOR pediatric and adult ventricular assist devices. Competes with SynCardia in the bridge-to-transplant mechanical support category, particularly for smaller-patient anatomies.

5Medtronic
TypeBroad incumbent
Description

Historical developer of the HeartWare HVAD (recalled 2021). Medtronic remains a major player in cardiac surgery, heart valves, and mechanical circulatory support infrastructure and competes for share-of-mind with cardiac surgeons.

6LivaNova
TypeBroad incumbent
Description

Manufactures the TandemHeart percutaneous ventricular assist system and has historical presence in cardiopulmonary products. Operates in adjacent mechanical circulatory support space with shared hospital customers.

7Jarvik Heart
TypeEmerging player
Description

Developer of next-generation continuous-flow total artificial heart and ventricular assist devices. Investigational-stage competitor with a similar long-term goal to SynCardia's Emperor program.

8Edwards Lifesciences
TypeBroad incumbent
Description

Dominant player in surgical heart valves and transcatheter valve replacement. Competes indirectly for cardiac surgery OR time and budget at transplant centers, and could expand into mechanical circulatory support adjacencies.

9Getinge (Maquet)
TypeBroad incumbent
Description

Provides intra-aortic balloon pumps (IABP), ECMO systems, and operating-room infrastructure used at transplant centers. Competes for mechanical circulatory support share of clinical workflow at the same hospital customers.

10Fresenius Medical Care
TypeOthers
Description

While not a direct TAH competitor, Fresenius operates cardiovascular services adjacent to transplant and advanced heart failure programs and participates in the same hospital ecosystem where SynCardia implants occur.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI capability1 record

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles9 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance2 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds4 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors2 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

SynCardia Systems

Total Artificial Heart Medical Devicessyncardia.com

SynCardia Systems is a medical technology company.

What SynCardia Systems does

SynCardia Systems is the privately-held manufacturer of Total Artificial Heart. The SynCardia temporary Total Artificial Heart (TAH) is used as a bridge to transplant, helping them survive until a matching donor heart. becomes available.

SynCardia Systems firmographics

Firmographics
Name
SynCardia Systems
Legal name
SynCardia Systems, LLC.
Website
http://www.syncardia.com/
Company type
Public
Founded year
2001
Operating status
Operating
Headcount range
101–250 employees
Short description
SynCardia Systems is a medical technology company.
Ownership category
akta.pro rank

SynCardia Systems industry classification

Industry
Product category
Total Artificial Heart Medical Devices
NAICS
Electromedical and Electrotherapeutic Apparatus Manufacturing (334510), Surgical Appliance and Supplies Manufacturing (339113)
SIC
Electromedical & Electrotherapeutic Apparatus (3845), Surgical & Medical Instruments & Apparatus (3841)
akta.pro primary industry
Mechanical Circulatory Support (VAD, IABP, ECMO) (HLAHAFAG)
akta.pro secondary industry
Cardiac Assist & Heart Failure Therapies (Implantables, Neuromodulation) (HLAHAFAL)

Keywords

  • Total artificial heart
  • Mechanical circulatory support
  • Bridge-to-transplant therapy
  • Biventricular heart failure devices
  • Pneumatic ventricular assist

Where SynCardia Systems is headquartered

Location

Headquarters

HQ city
Tucson
HQ country
United States
HQ region
North America

Offices1 record

Markets served

SynCardia Systems business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

  1. SynCardia Total Artificial Heart Device Sales: Revenue from the sale of SynCardia Total Artificial Heart ventricles and associated components to transplant centers. Full-year 2025 revenue was $4.94 million, a 12.5% increase year-over-year.
  2. Freedom Driver Rental Program: Rental revenue from the Freedom Driver portable system used by eligible patients discharged from hospital while awaiting transplant. Q1 2026 revenue of $1.2M was driven by growth in both product revenue and the Freedom Driver rental program.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

SynCardia Systems product offering

Product offering

Core offering

SynCardia Systems develops, manufactures, and sells the SynCardia Total Artificial Heart (STAH), the only FDA- and Health Canada-approved total artificial heart commercially available in the U.S. and Canada. The company offers the device in two ventricle sizes (70cc and 50cc) along with two pneumatic driver systems—the Companion 2 (C2) for in-hospital use and the Freedom Driver for outpatient mobility—and is developing the next-generation fully implantable Emperor Drive System.

Product overview

SynCardia Systems manufactures a unified product ecosystem centered on the SynCardia Total Artificial Heart (STAH), the world's first and only FDA-approved total artificial heart. The portfolio includes two sizes of the artificial heart (70cc and 50cc) and two driver systems: the Companion 2 Driver for in-hospital use and the Freedom Driver for portable outpatient support. The company is developing next-generation platforms including the Emperor Drive System (a fully implantable electromechanical driver) and Unicorn (driver miniaturization), both currently investigational.

Differentiator

Problem solved

Functional benefit

Brands

  • SynCardia Total Artificial Heart (STAH): FDA-approved total artificial heart for bridge-to-transplant in patients with end-stage biventricular heart failure
  • Companion 2 Driver (C2)
  • Freedom Driver
  • Emperor

Products and services

  • SynCardia Total Artificial Heart (STAH) FDA-approved total artificial heart that replaces both failing ventricles and all four native heart valves for transplant-eligible patients at risk of imminent death from biventricular heart failure. Available in 70cc and 50cc ventricle sizes.
  • Companion 2 Driver (C2) In-hospital pneumatic driver system with touchscreen controls that powers the implanted SynCardia Total Artificial Heart following surgery, designed for operating room, ICU, and step-down care settings.
  • Freedom Driver Portable pneumatic driver system that powers the SynCardia Total Artificial Heart, allowing eligible patients to be discharged from hospital while awaiting transplant. Battery-powered with backpack and shoulder carry options for patient mobility.
  • Emperor Drive System (EDS) Next-generation patent-pending electromechanical actuation platform for the SynCardia Total Artificial Heart, designed to replace external pneumatic drivers and advance toward a fully implantable system. Investigational and not yet approved for commercial sale.

Quantifiable outcome

  • Over 2,100 SynCardia Total Artificial Heart implants performed across 27 countries
  • +2 more outcomes

Companies that use SynCardia Systems

Customer profile

Named customers3 records

Segments3 records

Ideal customer profiles1 record

SynCardia Systems technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature4 records

SynCardia Systems partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered core.

  • Houston Methodist HospitalcoreStrategic or Co-development Partner · 24 February 2026Picard Medical and SynCardia hosted an invitation-only surgical training program at Houston Methodist Hospital on February 24, 2026, bringing together cardiac surgeons and clinical teams from four Houston-area heart centers for education on SynCardia Total Artificial Heart implantation techniques, patient selection, and clinical best practices. The training combined classroom instruction with hands-on surgical training and is part of Picard's broader strategy to develop centers of excellence and expand adoption of total artificial heart therapy at leading transplant centers nationwide.
  • Hydrix ServicescoreStrategic or Co-development Partner · 5 January 2026SynCardia Systems (subsidiary of Picard Medical) entered into a development collaboration agreement with Hydrix Services on January 5, 2026, to advance the Emperor next-generation fully implantable total artificial heart. Hydrix performs development work through the end of 2026 as a first phase of a broader multi-stage, multi-year program. The agreement is structured around defined engineering verification and regulatory milestones, with continuation between stages dependent on technical progress and safety validation. Picard Medical noted the collaboration may allow the company to benefit from Australian R&D tax incentives of approximately 43% of eligible expenditure.
  • Picard Medical, Inc. (parent company)coreOthersPicard Medical, Inc. is the parent company and sole owner of SynCardia Systems LLC. SynCardia operates as a wholly owned subsidiary. Picard Medical is publicly traded on NYSE American under ticker symbol PMI. The parent company completed its IPO on September 2, 2025, raising approximately $19.5 million in gross proceeds.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

SynCardia Systems competitors and assessment

Company assessment

Direct peers

  • Carmat: French-listed developer of the Aeson total artificial heart, the only commercially-relevant TAH competitor to SynCardia. Carmat is CE-marked in Europe and competes in the same bridge-to-transplant clinical niche.
  • Berlin Heart: Manufacturer of the EXCOR pediatric and adult ventricular assist devices. Competes with SynCardia in the bridge-to-transplant mechanical support category, particularly for smaller-patient anatomies.

Broad incumbents

  • Abbott: Owner of HeartMate 3 LVAD, the dominant left-ventricular assist device. Competes with SynCardia in the mechanical circulatory support space but does not offer a total artificial heart — they are the most likely alternative therapy at U.S. transplant centers.
  • Abiomed (Johnson & Johnson MedTech): Acquired by J&J in 2022, Abiomed manufactures the Impella family of percutaneous ventricular support devices. Operates in adjacent mechanical circulatory support indications and shares SynCardia's transplant-center customer base.
  • Medtronic: Historical developer of the HeartWare HVAD (recalled 2021). Medtronic remains a major player in cardiac surgery, heart valves, and mechanical circulatory support infrastructure and competes for share-of-mind with cardiac surgeons.
  • LivaNova: Manufactures the TandemHeart percutaneous ventricular assist system and has historical presence in cardiopulmonary products. Operates in adjacent mechanical circulatory support space with shared hospital customers.
  • Edwards Lifesciences: Dominant player in surgical heart valves and transcatheter valve replacement. Competes indirectly for cardiac surgery OR time and budget at transplant centers, and could expand into mechanical circulatory support adjacencies.
  • Getinge (Maquet): Provides intra-aortic balloon pumps (IABP), ECMO systems, and operating-room infrastructure used at transplant centers. Competes for mechanical circulatory support share of clinical workflow at the same hospital customers.

Emerging players

  • Jarvik Heart: Developer of next-generation continuous-flow total artificial heart and ventricular assist devices. Investigational-stage competitor with a similar long-term goal to SynCardia's Emperor program.

Others

  • Fresenius Medical Care: While not a direct TAH competitor, Fresenius operates cardiovascular services adjacent to transplant and advanced heart failure programs and participates in the same hospital ecosystem where SynCardia implants occur.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

SynCardia Systems social profiles

Digital presence

SynCardia Systems compliance and trust

Trust signal

Compliance2 records

SynCardia Systems financial estimates

Financial estimate

Revenue estimate

Valuation estimate

SynCardia Systems leadership team

Management profile

Number of profiles

Profiles9 records

SynCardia Systems funding detail

Funding detail

Funding overview

Funding rounds4 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

SynCardia Systems M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SynCardia Systems

What does SynCardia Systems do?

SynCardia Systems develops, manufactures, and sells the SynCardia Total Artificial Heart (STAH), the only FDA- and Health Canada-approved total artificial heart commercially available in the U.S. and Canada. The company offers the device in two ventricle sizes (70cc and 50cc) along with two pneumatic driver systems—the Companion 2 (C2) for in-hospital use and the Freedom Driver for outpatient mobility—and is developing the next-generation fully implantable Emperor Drive System.

Is SynCardia Systems a public or private company?

SynCardia Systems is a public company. It is classified as corporate owned and is currently operating.

When was SynCardia Systems founded?

SynCardia Systems was founded in 2001. It employs 101 to 250 people.

Where is SynCardia Systems based?

SynCardia Systems is headquartered in Tucson, United States, in the North America region.

How does SynCardia Systems make money?

Two revenue lines are on record. SynCardia Total Artificial Heart Device Sales are the primary driver. The others are freedom Driver Rental Program.

Who are SynCardia Systems's main competitors?

Direct peers on record are Carmat and Berlin Heart. Broad incumbents are Abbott, Abiomed (Johnson & Johnson MedTech), Medtronic, LivaNova, Edwards Lifesciences and Getinge (Maquet). Jarvik Heart is listed as an emerging player. Fresenius Medical Care is listed as an others.

Does SynCardia Systems have an API?

No public API is recorded for SynCardia Systems.

What industry is SynCardia Systems in?

SynCardia Systems's product category is Total Artificial Heart Medical Devices. Its primary akta.pro industry code is HLAHAFAG, Mechanical Circulatory Support (VAD, IABP, ECMO), with a secondary code of HLAHAFAL, Cardiac Assist & Heart Failure Therapies (Implantables, Neuromodulation). Its NAICS code is 334510 and its SIC code is 3845.

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Live signals
Stock TitanPicard Medical Reveals Emperor Heart Architecture at IEEEPicard Medical, Inc. and its subsidiary SynCardia Systems presented the architecture for the next-generation Emperor Total Artificial Heart at the IEEE EMBC 2026 conference in Toronto. The presentation detailed how the patent-pending Emperor Drive System integrates with the clinically proven SynCardia Total Artificial Heart ventricles to create a more compact electromechanical platform aimed at future full implantability.MarketScreenerPicard Medical Says NYSE American Accepts Listing Compliance PlanPicard Medical, Inc. announced that NYSE American has accepted the company's plan to regain compliance with continued listing standards. SynCardia Systems, LLC, the wholly-owned subsidiary of Picard Medical, manufactures the SynCardia Total Artificial Heart, the only FDA and Health Canada-approved implantable biventricular replacement device. The compliance plan acceptance allows the company to continue trading on the exchange while working toward meeting listing requirements.Quiver QuantitativePicard Medical Announces NYSE American Acceptance of Compliance Plan and Extension to Regain Listing Compliance | Quiver QuantitativePicard Medical, Inc. announced that NYSE American has accepted its compliance plan to regain compliance with the exchange's continued listing standards, allowing the company to continue trading under the ticker symbol "PMI" through November 8, 2027. The company, which oversees SynCardia Systems—the maker of the only FDA and Health Canada-approved total artificial heart—will be subject to periodic reviews during the compliance period. Interim CEO Richard Fang highlighted recent progress including advancements in the next-generation Emperor Total Artificial Heart platform and strengthened financial position.Stock TitanPicard Medical outlines path to profit, NYSE planPicard Medical, Inc., the parent company of SynCardia Systems LLC (maker of the FDA- and Health Canada-approved SynCardia Total Artificial Heart), issued a shareholder letter detailing transformational 2025 results including 12.5% revenue growth to $4.9 million and an IPO raising $17.4 million, with Q1 2026 revenue surging 85% to $1.2 million and gross profit turning positive at a 24% margin. The company repaid approximately $7.4 million in senior secured debt and is preparing a compliance plan for NYSE American, which has given until June 7, 2026 to address stockholders' equity requirements. Additionally, the next-generation Emperor TAH completed successful animal testing with a targeted FDA submission for the new driver in late 2027 and the full system as early as 2028, though the company remains unprofitable with a going-concern qualification in its 2025 financial statements.Investing.comPatient receives heart transplant after 4 years on artificial heart By Investing.comA 29-year-old patient received a donor heart transplant on February 24 after being supported by the SynCardia Total Artificial Heart for 1,636 days (over four years), following implantation in September 2021 due to severe biventricular heart failure. Picard Medical, Inc. (NYSE American:PMI), the parent company of SynCardia Systems LLC, reported this milestone as evidence of the device's ability to sustain patients for extended periods while awaiting transplantation. The company, with a market capitalization of $93.6 million and stock down 72% over the past year, recently secured a $50 million private placement financing agreement.GoogleThe Total Artificial Heart: A Life-Saving Bridge to TransplantDr. Jack Renfrew received a SynCardia total artificial heart at Banner University Hospital after heart failure and ECMO, awaiting a transplant. The device, implanted in over 2,000 patients, is currently the only TAH available outside trials. Dr. Arabia predicts Bivacor will be available in 2-4 years.GlobeNewswirePicard Medical CEO Patrick NJ Schnegelsberg Elected to AZBio Board of DirectorsPatrick NJ Schnegelsberg, CEO of Picard Medical and SynCardia Systems, has been elected to the Board of Directors of the Arizona Bioindustry Association for a term extending through December 2028. SynCardia, headquartered in Tucson for more than two decades, is the developer of the world's first and only commercially available total artificial heart approved by both the US FDA and Health Canada, with over 2,100 implants performed at hospitals across 27 countries. Through this appointment, Picard Medical reinforces its commitment to Arizona's life sciences community and to advancing innovations that improve and extend patients' lives.GlobeNewswirePicard Medical Announces Up to $50 Million Senior Secured Debt FinancingPicard Medical, Inc. has entered into a definitive agreement for a private placement financing of up to $50.0 million in senior secured notes due 2028, along with warrants to purchase common stock. WestPark Capital Inc. acted as sole placement agent for the transaction, with an initial $15.0 million principal amount expected at closing and up to $35.0 million in additional tranches available under certain conditions. The company, parent of SynCardia Systems LLC (maker of the world's first total artificial heart approved by the FDA and Health Canada), intends to use the net proceeds for working capital and general corporate purposes.Stock TitanPicard Medical (PMI) secures up to $50M senior debt financingPicard Medical, Inc., the parent company of SynCardia Systems LLC, has entered into a definitive agreement for up to $50 million in senior secured notes due 2028, with an initial $15 million to be issued at closing and the remaining $35 million available in tranches subject to certain conditions. WestPark Capital Inc. served as the sole placement agent for this private placement financing. The company intends to use the net proceeds for working capital and general corporate purposes.GlobeNewswirePicard Medical, Inc. and SynCardia Systems LLC CEO to Present at CSI Focus D-HF 2025 in Frankfurt, GermanyPicard Medical CEO Patrick NJ Schnegelsberg will present data on the Emperor Total Artificial Heart at CSI Focus D-HF 2025 in Frankfurt on December 6, 2025. The company's SynCardia TAH is the only FDA and Health Canada-approved artificial heart, with over 2,100 implants across 27 countries.