Changed Risks for EDWARDS LIFESCIENCES CORP (EW)

Failure to protect our information technology infrastructure against cyber-based attacks, network security breaches, service interruptions or data corruption could materially disrupt our operations and adversely affect our business and operating results

Our business is subject to economic, political, and other risks associated with international sales and operations

Our business and assets are subject to varying degrees of risk and uncertainty An investor should carefully consider the risks described below, as well as other information contained in this Annual Report on Form 10-K and in our other filings with the SEC Additional risks not presently known to us or that we currently deem immaterial may also adversely affect our business If any of these events or circumstances occurs, our business, financial condition, results of operations, or prospects could be materially harmed In that case, the value of our securities could decline and an investor could lose part or all of his or her investment In addition, forward-looking statements within the meaning of the federal securities laws that are contained in this Annual Report on Form 10-K or in our other filings or statements may be subject to the risks described below as well as other risks and uncertainties Please read the cautionary notice regarding forward-looking statements in Part I above

Continued consolidation in the health care industry could have an adverse effect on our sales and results of operations

If we do not introduce new and differentiated products in a timely manner, our products may become more susceptible to competition or technologically obsolete and our operating results may suffer