December 6, 2016 / 1:12 PM / a year ago

BUZZ-Neovasc Inc: Shares surge as heart device shows benefit

** Canadian medical device maker’s U.S.-listed shares surge 32 pct to $1.88 premarket

** Says its Tiara valve achieved 86 pct technical success rate when implanted in 22 patients

** Device is designed to treat mitral regurgitation, a condition that can lead to heart failure

** Says patients were treated with Tiara valve in Canada, the U.S. and Europe with more implantations scheduled for the coming weeks

** The device, implanted in the heart, is designed to replace the diseased native mitral valve

** Up to Monday’s close, stock had fallen 68.44 pct YTD

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