<s>
Cardiac	O
Pacemakers	B-Device
,	O
Inc.(CPI )	O
,	O
doing	O
business	O
as	O
Guidant	O
Cardiac	O
Rhythm	O
Management	O
,	O
manufactured	O
implantable	O
cardiac	O
rhythm	O
management	O
devices	O
,	O
such	O
as	O
pacemakers	B-Device
and	O
defibrillators	O
.	O
</s>
<s>
Cardiac	B-Algorithm
Pacemakers	I-Algorithm
,	I-Algorithm
Inc	I-Algorithm
.	I-Algorithm
is	O
a	O
subsidiary	O
of	O
Boston	O
Scientific	O
Corporation	O
.	O
</s>
<s>
They	O
began	O
designing	O
and	O
testing	O
their	O
implantable	O
cardiac	O
pacemaker	B-Device
powered	O
with	O
a	O
new	O
longer-life	O
lithium	O
battery	O
in	O
1971	O
.	O
</s>
<s>
The	O
first	O
heart	O
patient	O
to	O
receive	O
a	O
CPI	O
pacemaker	B-Device
emerged	O
from	O
surgery	O
in	O
June	O
1973	O
.	O
</s>
<s>
Within	O
two	O
years	O
,	O
the	O
upstart	O
company	O
that	O
challenged	O
Medtronic	O
had	O
sold	O
approximately	O
8,500	O
pacemakers	B-Device
.	O
</s>
<s>
Medtronic	O
at	O
the	O
time	O
had	O
65%	O
of	O
the	O
artificial	B-Device
pacemaker	I-Device
market	O
.	O
</s>
<s>
It	O
competition	O
using	O
the	O
world	O
's	O
first	O
lithium-powered	O
pacemaker	B-Device
.	O
</s>
<s>
"	O
At	O
CPI	O
,	O
we	O
have	O
n't	O
been	O
able	O
to	O
dedicate	O
the	O
dollars	O
and	O
time	O
necessary	O
to	O
develop	O
new	O
products	O
beyond	O
our	O
staple	O
lithium-powered	O
pacemaker	B-Device
.	O
</s>
<s>
Additionally	O
,	O
Eli	O
Lilly	O
and	O
CPI	O
were	O
already	O
interested	O
in	O
developing	O
insulin	O
pumps	O
,	O
and	O
Lilly	O
was	O
working	O
with	O
cardiovascular	O
drugs	O
,	O
a	O
natural	O
link	O
to	O
CPI	O
's	O
heart	B-Device
pacemaker	I-Device
business	O
.	O
</s>
<s>
Finally	O
,	O
both	O
sides	O
sat	O
down	O
at	O
the	O
bargaining	O
table	O
at	O
a	O
motel	O
in	O
suburban	O
Bloomington	O
,	O
Minnesota	O
–	O
Lilly	O
,	O
the	O
pharmaceutical	O
giant	O
,	O
and	O
CPI	O
,	O
the	O
upstart	O
pacemaker	B-Device
company	O
.	O
</s>
<s>
The	O
company	O
sold	O
8,500	O
pacemakers	B-Device
increasing	O
sales	O
from	O
zero	O
in	O
1972	O
to	O
over	O
$47	O
million	O
.	O
</s>
<s>
CPI	O
designed	O
and	O
manufactured	O
the	O
world	O
's	O
first	O
pacemaker	B-Device
with	O
a	O
lithium	O
anode	O
and	O
a	O
lithium-iodide	O
electrolyte	O
solid-state	O
battery	O
.	O
</s>
<s>
The	O
pacemaker	B-Device
structure	O
is	O
enclosed	O
in	O
a	O
hermetically	O
sealed	O
metallic	O
enclosure	O
,	O
allowing	O
electrode	O
leads	O
to	O
pass	O
in	O
a	O
sealed	O
relationship	O
.	O
</s>
<s>
The	O
Lithium-iodide	O
or	O
lithium	O
anode	O
cells	O
revolutionized	O
the	O
medical	O
industry	O
by	O
increasing	O
the	O
pacemaker	B-Device
life	O
from	O
1	O
year	O
up	O
to	O
11	O
years	O
.	O
</s>
<s>
It	O
became	O
the	O
standard	O
for	O
pacemaker	B-Device
designs	O
.	O
</s>
