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Thoratec was incorporated in California in 1976 as Thoratec Laboratories Corporation. It completed its initial public offering (IPO) of stock in 1981, trading under the ticker "THOR". [ 5 ] [ 6 ] The company's efforts were focused on developing devices for circulatory support and vascular graft applications. [ 5 ]
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The 10-second takeawayFor the quarter ended Dec. 31 (Q4), Thoratec beat slightly on revenues and beat expectations on earnings per share. Compared to the Thoratec Beats Up on Analysts Yet Again
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St. Jude Medical was founded in 1976 to further develop bi-leaflet artificial heart valves, which were originally created in 1972 at the University of Minnesota. [4] [5] St. Jude Medical's bi-leaflet valve was developed in large part by Dr. Demetre Nicoloff of the University of Minnesota and St. Jude Medical employee Don Hanson.
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A corporation can adjust its stock price by a stock split, substituting a quantity of shares at one price for a different number of shares at an adjusted price where the value of shares x price remains equivalent. (For example, 500 shares at $32 may become 1000 shares at $16.) Many major firms like to keep their price in the $25 to $75 price range.
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