September 29, 2016 / 12:51 PM / a year ago

BRIEF-Sunshine Heart announces strategic realignment

Sept 29 (Reuters) - Sunshine Heart Inc

* Co implementing realignment of near term strategy to fully focus company’s resources on its recently acquired Aquadex FlexFlow System

* Pausing clinical evaluations of neuromodulation technology

* Measures will help company to attain targeted Q4 2016 annualized revenue run-rate for aquadex business of $5 million

* Reducing cash burn from $2 million per month in Q4 of 2015 to a targeted cash burn of $800,000 per month in Q4 of 2016

* Continuing company’s ongoing review of potential partnerships and strategic alliances Source text for Eikon: Further company coverage:

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