Dr. Vahe Gasparyan, M.D.

Chief of adult cardiac surgery – Yerevan, Armenia

I have been studying the Magnevad pump since Mr. Aldo Gareri first introduced me to the project in 2007. I have familiarized myself with the business model and technical aspects, and Aldo has updated me on all new developments.

To a surgeon in a developing country, where end-stage heart patients don’t have any options, this project is very important. It offers the patients I can no longer help with conventional surgery or medicine, a second chance at life.

Therefore, I enthusiastically agreed to collaborate in any way possible to see the Magnevad succeed.

Recently Aldo and I identified a pathway to validate the Magnevad in humans by the end of 2018. This gives the Magnevad a unique chance to collect human data in a very short period of time. This data is invaluable for raising venture capital or to attract a potential medical device partner.

We all agreed that the chronic animal trials pathway would prove futile. According to Goldowsky, the patents only have 3 or 4 more years left before they expire. If that happens before human data is collected, it will significantly reduce the value of the Magnevad.

Unfortunately, as we were all ready to roll up our sleeves and go to work, the last items that had to be completed were the signing of my agreement and Aldo’s by Goldowsky. After the terms had been agreed to for several months, Goldowsky decided to change them and was no longer willing to honor what was agreed to. He then contemporaneously did the same to Aldo.

This raised serious concerns in my mind as to what type of person Mr. Goldowsky is, and whether I felt comfortable working with someone whose word I could not trust. Also, I know personally how much work Aldo has done for the project, even when he was no longer working on the Magnevad, and to see Goldowsky’s lack of appreciation for someone who has done so much without working for a salary, was eye opening for me. Therefore I decided that we either worked as a team or I would not work without Aldo.

By this time I had already done a tremendous amount of work in setting up the infrastructure for the implants, and for the one year post operative care for three patients. I talked to the hospital administrator, and I even qualified the first patient.

The entire team agreed that this was the best and only opportunity the Magnevad ever had, and probably will ever have, to get validated in humans and remain viable. If the pump is actually so technically superior, then this was the best chance to prove it.

But the obstacles Goldowsky put in the way were insurmountable, because it was obvious that while he expected all of us to make sacrifices for the “GREATER GOOD”, and take all the risks, he was setting everything up to only benefit him financially and without taking any personal risk. So it was very clear that the only person who really did not care about “THE GREATER GOOD” was in fact Goldowsky.

As a physician, I want to see if the Magnevad can perform as advertised. That is why I have joined my good friend Aldo in this effort to try and find as many people as possible, who have a vested interest in the success of this device to help us save the project from Goldowsky.

I have never received any compensation for any of the work I have done, nor have I ever asked to be compensated for any of my past work. I just wanted to be compensated for the work that lies ahead, which is significant and very risky for myself and my family, and we had all agreed on the terms Goldowsky offered me, until he changed his mind at the last minute.

So he actually killed the best opportunity the Magnevad ever had to get validated.

I truly find it hard to believe that anyone capable of designing such a medical breakthrough, could also be that stupid.