"Cardiac Pacemakers, Inc.(CPI), doing business as Guidant Cardiac Rhythm Management, manufactured implantable cardiac rhythm management devices, such as pacemakers and defibrillators. It also sold insulin pumps ...
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controlled by microprocessors and various equipments to regulate heart rhythm. In addition, Cardiac Pacemakers, Inc. developed therapies for the treatment of irregular heartbeats. The company was founded in 1971 and is based in St. Paul, Minnesota. Cardiac Pacemakers, Inc. operates as a subsidiary of Boston Scientific Corporation.
CPI was a highly successful start up venture, increasing sales from zero in 1972 to over $47 million and highly profitable when it was acquired by Eli Lilly and Company in 1978 for $127 million. During the 1970s, Lilly acquired other medical device companies including IVAC of San Diego, Physio Control of Redmond WA, and Advanced Cardiovascular Systems of Santa Clara, CA. These companies formed the core product/therapy areas of the Medical Devices Division of Eli Lilly and Company." - (en.wikipedia.org 11.11.2019)
