July 24, 2014 2:10 AM ET

Healthcare Equipment and Supplies

Company Overview of Northstar Neuroscience, Inc.

Company Overview

Northstar Neuroscience, Inc. operates as a development stage company, focuses on the development and commercialization of neuromodulation theraphies for neurological diseases and disorders. Its Renova cortical stimulation system, an investigational device, delivers targeted electrical stimulation to the cortex, the outermost layer of the brain, in cortical stimulation process. The company evaluates its investigating cortical stimulation therapy for the treatment of treatment resistant depression, stroke related upper extremity hemiparesis, and tinnitus using its Renova system. The company was formerly known as Vertis Neuroscience, Inc. and changed its name to Northstar Neuroscience, Inc. in ...

2401 Fourth Avenue

Suite 300

Seattle, WA 98121

United States

Founded in 1999

5 Employees

Phone:

206-728-1477

Fax:

206-728-1497

Key Executives for Northstar Neuroscience, Inc.

Co-Founder and Non-Executive Chairman
Age: 76
Vice President of Product Development
Age: 52
Medical Director
Age: 70
Compensation as of Fiscal Year 2014.

Northstar Neuroscience, Inc. Key Developments

Northstar Neuroscience, Inc. Announces Final Liquidating Distribution Payable on or About August 15, 2012

Northstar Neuroscience, Inc. announced that the company's board of directors approved a third and final liquidating distribution of $0.02859 per share payable to the shareholders of record of the company's common stock as of July 2, 2009 pursuant to the shareholder-approved plan of complete liquidation and dissolution. The payment of the final distribution represents the release of all remaining corporate assets available to shareholders and no further distributions shall be made. The company expects to pay this liquidating distribution in cash on or about August 15, 2012.

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