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Stock impact report

CPAP machine inventor and Respironics founder Gerald McGinnis dies at 89 [CBS News]

EOM PHARMACEUTICAL HLDNGS (IMUC) 
NASDAQ:AMEX Investor Relations: investors.imuc.com
Company Research Source: CBS News
Gerald "Jerry" McGinnis died in his sleep on Jan. 25, just a few months shy of his 90th birthday after a battle with Parkinson's Disease, his obituary says McGinnis grew up in the small town of Ottawa, Illinois, and after serving in the Korean War, he used the GI Bill to continue his education, entering a work-study program at Westinghouse that sponsored his master's degree at the University of Pittsburgh. In 1963, he became the manager of Westinghouse's bioengineering department, which launched his career in medical product development. He founded Respironics in 1976, developing the CPAP and BiPap machines used to treat sleep apnea. In 2007, Royal Philips Electronics bought the company, which became Philips Respironics. He was critical of Philips Respironics when it recalled more than 5 million pressurized breathing devices due to risks that their internal foam can break down over time, leading users to inhale tiny particles while they sleep. The company just agreed to McG Show less Read more
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