NASDAQ, TSX: NVCN
VANCOUVER, June 21, 2018 /CNW/ - Neovasc Inc. ("Neovasc" or the
"Company") (NASDAQ, TSX: NVCN), a leader in the development of minimally invasive transcatheter mitral valve replacement
technologies, today announced that its Tiara™ ("Tiara") transcatheter mitral valve replacement device was featured in a "Live
Case" broadcast at the 11th Annual Transcatheter Valve Therapy Conference ("TVT 2018"). TVT 2018 is part of The Structural Heart
Disease Summit held June 20-23 in Chicago, Illinois.
In a live case broadcast to the main arena of the conference, Dr. Anson Cheung, and Dr.
John G. Webb of St. Paul's Hospital (Vancouver, Canada) successfully implanted a 40mm Tiara transcatheter mitral valve in a patient suffering
from severe mitral regurgitation.
Dr Anson Cheung commented following the case, "This patient suffered from severe mitral
regurgitation and a number of co-morbidities which made him a very poor candidate for surgery. The Heart Team weighed in on all
available treatment options and determined the Tiara device was the best option for this patient. The Tiara case was very
straight-forward, with an implant time of under 20 minutes, with no procedural complications. Following the Tiara implant
the patient's mitral regurgitation was completely resolved, with a 1mmHg gradient and no paravalvular leak. The patient is
recovering well at this time."
"This live case broadcast reinforced Tiara's potential as a promising treatment option for patients who are not suitable for
open-heart surgical valve replacement," commented Fred Colen, Neovasc's President and Chief
Executive Officer. "Attending physicians were able to see first-hand the simplicity of the minimally invasive, transapical
transcatheter approach and resulting complete elimination of the patient's MR. We look forward to continuing to expand our Tiara
clinical program and ultimately the adoption of Tiara for routine use in these patients once regulatory approvals are
obtained."
About Neovasc Inc.
Neovasc is a specialty medical device company that develops, manufactures and markets products for the rapidly growing
cardiovascular marketplace. Its products include the Neovasc Reducer™, for the treatment of refractory angina, which is not
currently commercially available in the United States and has been commercially available in
Europe since 2015, and the Tiara™, for the transcatheter treatment of mitral valve disease,
which is currently under clinical investigation in the United States, Canada and Europe. For more information, visit: www.neovasc.com.
This news release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act
of 1995 and applicable Canadian securities laws regarding the Company's plans and expectations concerning the Tiara's potential
as a promising treatment option, the expansion of the Tiara clinical program, the Tiara's future performance, regulatory approval
and adoption for routine use and the future growth of the cardiovascular marketplace. Words and phrases such as "potential",
"look forward", "continue", "ultimately", "once", "may", "could", "should", "expect" and "will", and similar words or
expressions, are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and
assumptions made by the Company in light of its experience and its perception of historical trends, current conditions and
expected future developments, as well as other factors that the Company believes are appropriate in the circumstances. Many
factors and assumptions could cause the Company's actual results, performance or achievements to differ materially from those
expressed or implied by the forward-looking statements, including, without limitation, the substantial doubt about the Company's
ability to continue as a going concern; risks relating to the warrants (the "Warrants") and senior secured convertible notes (the
"Notes") issued pursuant to the November 2017 underwritten public offering and concurrent private
placement (together, the "2017 Financings"), resulting in significant dilution to the Company's shareholders; risks relating to
the Company's need for significant additional future capital and the Company's ability to raise additional funding; risks
relating to cashless exercise and adjustment provisions in the Warrants and Notes issued pursuant to the 2017 Financings, which
could make it more difficult and expensive for the Company to raise additional capital in the future and result in further
dilution to investors; risks relating to the sale of a significant number of common shares of the Company; risks relating to the
exercise of Warrants or conversion of Notes issued pursuant to the 2017 Financings, which may encourage short sales by third
parties; risks relating to the possibility that the Company's common shares may be delisted from the Nasdaq Capital Market or the
Toronto Stock Exchange, which could affect their market price and liquidity; risks relating to the Company's common share price
being volatile; risks relating to the influence of significant shareholders of the Company over the Company's business operations
and share price; risks relating to the Company's significant indebtedness, and its effect on the Company's financial condition;
risks relating to claims by third parties alleging infringement of their intellectual property rights; risks relating to lawsuits
that the Company is subject to, which could divert the Company's resources and result in the payment of significant damages and
other remedies; the Company's ability to establish, maintain and defend intellectual property rights in the Company's products;
risks relating to results from clinical trials of the Company's products, which may be unfavorable or perceived as unfavorable;
the Company's history of losses and significant accumulated deficit; risks associated with product liability claims, insurance
and recalls; risks relating to use of the Company's products in unapproved circumstances, which could expose the Company to
liabilities; risks relating to competition in the medical device industry, including the risk that one or more of the Company's
competitors may develop more effective or more affordable products; risks relating to the Company's ability to achieve or
maintain expected levels of market acceptance for the Company's products, as well as the Company's ability to successfully build
its in-house sales capabilities or secure third-party marketing or distribution partners; the Company's ability to convince
public payors and hospitals to include the Company's products on their approved products lists; risks relating to new
legislation, new regulatory requirements and the efforts of governmental and third-party payors to contain or reduce the costs of
healthcare; risks relating to increased regulation, enforcement and inspections of participants in the medical device industry,
including frequent government investigations into marketing and other business practices; risks associated with the extensive
regulation of the Company's products and trials by governmental authorities, as well as the cost and time delays associated
therewith; risks associated with post-market regulation of the Company's products; health and safety risks associated with the
Company's products and industry; risks associated with the Company's manufacturing operations, including the regulation of the
Company's manufacturing processes by governmental authorities and the availability of two critical components of the Reducer;
risk of animal disease associated with the use of the Company's products; risks relating to the manufacturing capacity of
third-party manufacturers for the Company's products, including risks of supply interruptions impacting the Company's ability to
manufacture its own products; risks relating to the Company's dependence on limited products for substantially all of the
Company's current revenues; risks relating to the Company's exposure to adverse movements in foreign currency exchange rates;
risks relating to the possibility that the Company could lose its foreign private issuer status under U.S. federal securities
laws; risks relating to breaches of anti-bribery laws by the Company's employees or agents; risks associated with future changes
in financial accounting standards and new accounting pronouncements; risks relating to the Company's dependence upon key
personnel to achieve its business objectives; the Company's ability to maintain strong relationships with physicians; risks
relating to the sufficiency of the Company's management systems and resources in periods of significant growth; risks associated
with consolidation in the health care industry, including the downward pressure on product pricing and the growing need to be
selected by larger customers in order to make sales to their members or participants; risks relating to the Company's ability to
successfully identify and complete corporate transactions on favorable terms or achieve anticipated synergies relating to any
acquisitions or alliances; risks relating to the Company's ability to successfully enter into fundamental transactions as defined
in the Series C warrants issued pursuant to the 2017 Financings; anti-takeover provisions in the Company's constating documents
which could discourage a third party from making a takeover bid beneficial to the Company's shareholders; and risks relating to
conflicts of interests among the Company's officers and directors as a result of their involvement with other issuers. These risk
factors and others relating to the Company are discussed in greater detail in the "Risk Factors" section of the Company's Annual
Report on Form 20-F and in Management's Discussion and Analysis for the quarter ended March 31,
2018 (copies of which may be obtained at www.sedar.com or www.sec.gov). The Company has no intention and undertakes no obligation to update or
revise any forward-looking statements beyond required periodic filings with securities regulators, whether as a result of new
information, future events or otherwise, except as required by law.
View original content:http://www.prnewswire.com/news-releases/tiara-featured-in-live-case-at-11th-annual-tvt-2018-300670471.html
SOURCE Neovasc Inc.
View original content: http://www.newswire.ca/en/releases/archive/June2018/21/c8607.html