Category: News

Award honors achievement and entrepreneurial success in the health sciences category for the Alabama/Georgia/Tennessee region

ATLANTA — June 27, 2011

— CardioMEMS, Inc., an Atlanta-based medical device company that has developed and is commercializing a proprietary wireless sensing and communication technology for the human body, today announced that its founder and CEO, Jay Yadav, M.D., has been honored with a Ernst & Young Entrepreneur Of The Year® award in the health sciences category for the Alabama/Georgia/Tennessee region.  According to Ernst & Young LLP, the award recognizes entrepreneurs whose ingenuity, hard work, and innovation have created successful and growing businesses in the region. Dr. Yadav received his award during a black-tie gala held last Thursday night at The InterContinental Hotel.

“I am honored to receive the Ernst and Young Entrepreneur of the Year Award in the health sciences category,” said Dr. Yadav. “To be considered among the top entrepreneurial successes in our region is rewarding and, more importantly, a testament to CardioMEMS and its team that has worked diligently over the past ten years to bring our Company’s unique technology to market.”

Dr. Yadav, an interventional cardiologist, founded CardioMEMS in 2000 to develop new devices for the treatment of chronic diseases, such as heart failure, using minimally invasive techniques. Dr. Yadav’s most recent success is development of the Champion™ Heart Failure Monitoring System, the first, wireless, permanently implantable device that allows cardiologists to monitor heart failure patients from their homes. The device’s successful clinical trial demonstrated a 38% reduction in heart failure-related hospitalizations which could potentially save the U.S. health care system over $8 billion annually.

“The Ernst & Young Entrepreneur of the Year Award is recognized throughout the business community as the most prestigious business award for entrepreneurs, and could not have gone to a more deserving individual,” said John Huntz, Executive Director of Arcapita Ventures.  “Dr. Yadav is dedicated to improving the lives of patients through advancement and innovation and his entrepreneurial spirit and commitment to excellence is evident throughout CardioMEMS.”

As a regional award winner, Dr. Yadav is now eligible for consideration for the 25^th annual Ernst & Young Entrepreneur of the Year National Award.  National award winners will be announced at the Ernst & Young Strategic Growth Forum® in Palm Springs, California on November 12, 2011.  More information is located at www.ey.com.