Pulse Biosciences, Inc. Appoints Paul LaViolette as Chief Executive Officer
10 Januar 2025 - 2:00PM
Business Wire
Current Co-Chairman of the Board will now also
serve as Chief Executive Officer
Pulse Biosciences, Inc. (Nasdaq: PLSE) (the “Company” or “Pulse
Biosciences”), a company leveraging its novel and proprietary
Nanosecond Pulsed Field Ablation™ (nano-PFA or nsPFA™) technology,
today announced the appointment of Paul A. LaViolette, current
Co-Chairman of the Board, as Chief Executive Officer.
"We are thrilled to have Paul assume the role of Chief Executive
Officer," said Pulse Biosciences’ Co-Chairman of the Board Robert
W. Duggan. "Having worked very closely with Paul, we have
established a strong working relationship and have realized our
visions for the future of Pulse closely align. His impressive track
record and network in the medical technology space spans decades
and is a testament to his ability to lead organizations and create
value. Particularly, Paul’s experience scaling global franchises
across multiple clinical specialties and driving the adoption of
innovative technologies will now be an even greater asset for Pulse
moving forward.”
Paul LaViolette has significant experience as a large-scale
operator at global healthcare corporations as well as a leader to a
diverse group of innovative medical technology startups as a
venture investor and board member. As a Managing Partner at SV
Health Investors, Paul invested in numerous portfolio companies and
remains active on the Board of Directors of certain SV Health
Investors portfolio companies. Before his investing career, he
served in various executive capacities at Boston Scientific
Corporation for 15 years, including as Chief Operating Officer;
Group President, Cardiovascular; President, Cardiology; Group
President, Endosurgery; and President, International. Prior to
Boston Scientific, he also served as President, Cardiology, for CR
Bard and various marketing roles at Kendall (Medtronic).
Mr. LaViolette is currently a director for Edwards Lifesciences
and Chairman of the Innovation Advisory Board at Mass General
Brigham. Mr. LaViolette received his bachelor’s degree in
psychology from Fairfield University and his Master of Business
Administration from Boston College.
"I believe nano-PFA is a remarkable advance in medical
technology and will make a profound impact on healthcare for the
benefit of countless patients and providers," said Paul LaViolette,
CEO and Co-Chairman of Pulse Biosciences. "The established team,
innovative technologies and portfolio of therapies under
development attracted me to Pulse. Having now worked with Bob and
the team, I am thrilled to take on this role and cannot wait to
contribute to the Company’s continued success.”
Pulse Biosciences is continuing the development of its nano-PFA
Cardiac Surgical System and nano-PFA 360° Cardiac Catheter through
first-in-human feasibility studies in Europe and is conducting a
pilot program with its FDA-cleared nsPFA Percutaneous Electrode
Systems at select sites in the United States. The Company is
presenting at the upcoming 43rd Annual J.P. Morgan Healthcare
Conference in San Francisco on Wednesday, January 15, 2025, at 3:45
pm PT. Nano-PFA technology and the 360 Catheter will be featured in
a late breaking science session and a live case transmission at the
30th Annual AF Symposium 2025 meeting in Boston taking place from
January 16-18, 2025.
Inducement Grants
Additionally, the Company announced today the grant of
inducement awards of options to purchase a collective total of up
to 138,800 shares of common stock to eleven other new employees of
the Company. The awards were granted as an inducement material to
the new employees becoming employees of the Company in accordance
with Nasdaq Listing Rule 5635(c)(4) and have been approved by the
Company’s Compensation Committee. These inducement awards were
granted on January 7, 2025. The options have a ten (10) year term
and an exercise price of $18.55 per share, the closing price per
share of the Company’s common stock as reported by Nasdaq on
January 7, 2025. The options awarded to the recipients are subject
to vesting in equal annual installments over a four-year period,
except for the award to a newly hired Company vice president for
65,000 option shares, whose grant will vest 50% over the same
four-year period and 50% upon the achievement of market
capitalization milestones for the Company ranging from $1 billion
to $3 billion.
The options awarded under the Inducement Plan will be subject to
the terms of a stock option agreement to be executed by each grant
recipient. The Company is providing this information in accordance
with Nasdaq Listing Rule 5635(c)(4).
About Pulse Biosciences®
Pulse Biosciences is a novel bioelectric medicine company
committed to health innovation that has the intention as well as
potential to improve the quality of life for patients. The
Company’s proprietary CellFX® nsPFA™ technology delivers nanosecond
pulses of electrical energy to non-thermally clear cells while
sparing adjacent noncellular tissue. The Company is actively
pursuing the development of its CellFX nsPFA technology for use in
the treatment of atrial fibrillation and in a select few other
markets where it could have a profound positive impact on
healthcare for both patients and providers. Pulse Biosciences is
now headquartered in Miami, Florida and maintains its office in
Hayward, California.
Pulse Biosciences, CellFX, Nano-Pulse Stimulation, NPS, nsPFA,
CellFX nsPFA and the stylized logos are among the trademarks and/or
registered trademarks of Pulse Biosciences, Inc. in the United
States and other countries.
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version on businesswire.com: https://www.businesswire.com/news/home/20250110915533/en/
Investors: Pulse Biosciences, Inc. Paul LaViolette,
Co-Chairman and CEO IR@pulsebiosciences.com Or Gilmartin Group
Philip Trip Taylor 415.937.5406 philip@gilmartinir.com
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