LaunchPoint Technologies' President and CEO, Brad Paden, Ph.D., was inducted into the College of Fellows of the American Institute for Medical and Biological Engineering (AIMBE) at a formal ceremony held in Washington, D.C. in February, 2008. Recipients of this honor are recognized for their outstanding achievements in medical and biological engineering. According to the College of Fellows Chair, Nicholas Peppas. Sc.D., "[The Fellows of AIMBE] represent some of the most imaginative and distinguished bioengineers in the field. Their contributions have had a major impact in biomedical devices and processes, treatment of diseases, and public policy related to all aspects of bioengineering." Dr. Paden was recognized by AIMBE "for outstanding contributions towards the development of magnetically levitated rotary blood pumps for adult and pediatric heart failure patients." Fellows are among the top 2% of the medical and biological engineering community comprising AIMBE.