PLC Systems Files IDE Supplement to Begin Pivotal Study of RenalGuard(TM) and Provides Update on Planned Development Timeline
15 Februar 2008 - 3:28PM
PR Newswire (US)
FRANKLIN, Mass., Feb. 15 /PRNewswire-FirstCall/ -- PLC Systems Inc.
(AMEX:PLC) announced today that it has submitted an Investigational
Device Exemption (IDE) supplement with the U.S. Food & Drug
Administration (FDA) for its RenalGuard Therapy(TM) and RenalGuard
System(TM). This supplement seeks approval to move to a pivotal
trial to study the effectiveness of the Company's RenalGuard
Therapy and RenalGuard System in the prevention of Contrast-Induced
Nephropathy. According to the current timetable, PLC expects to
commence the pivotal trial after receipt of FDA approval.
Contrast-Induced Nephropathy, or CIN, is a major and growing
problem due to the increasing number of older patients, diabetics
and patients with pre-existing renal impairment -- all of whose
conditions make them at risk for CIN when they require
interventional procedures that use radiographic contrast media.
This study is designed as an adaptive, randomized control trial,
with potentially up to 30 sites in the U.S. Enrollment in the trial
is expected to last through 2009, and to include at least 250
patients. PLC is continuing discussions with FDA on metrics and
endpoints to be used in the study, in addition to sample size and
other aspects of the study design, which is currently expected to
cost approximately $3 million. This trial design builds upon the
successful completion of the company's pilot trial in December, a
study that was designed to preliminarily evaluate safety associated
with Renal Guard Therapy and RenalGuard System. A total of 23
patients were enrolled in the study. Mark R. Tauscher, President
and Chief Executive Officer of PLC, said, "We are very pleased with
the continued progress on our RenalGuard studies. Submitting the
IDE for the pivotal trial is an important milestone. We are working
diligently to recruit sites for the pivotal trial, and anticipate
continued positive interest from medical specialists who currently
have no proven method to address the continued high incidence of
CIN in their patients. At the same time, we are also pleased by our
progress with RenalGuard in Europe. We anticipate that the planned
Italian clinical trial of RenalGuard at the Centro Cardiologico
Monzino (CCM-University of Milan) will begin in March, following
receipt of final approval from the ethics committee at the
institution. We expect that this effort, under the leadership of
two renowned worldwide experts on CIN, Drs. Antonio Bartorelli and
Giancarlo Marenzi, will provide additional confidence to early
adopters who recognize the potential benefits of utilizing the
unique fluid balancing capabilities of the RenalGuard System in a
cath lab setting during cardiovascular imaging procedures for
patients at higher risk of CIN. This study is expected to include
120 patients, and compare RenalGuard against overnight hydration,
the prevalent standard of care currently in Europe." In addition to
the CCM study, PLC continues to work towards a limited launch of
RenalGuard in Italy, following receipt of CE Mark certification in
late 2007. The initial launch will focus on early adopters in that
country at approximately 10 sites in Italy. A more expanded
all-European Union launch for RenalGuard is contemplated for 2009.
Contrast-Induced Nephropathy Approximately seven million patients
worldwide undergo interventional cardiovascular therapeutic and
diagnostic imaging procedures each year. Contrast-Induced
Nephropathy, or CIN, is a major and growing problem due to the
increasing number of older patients, diabetics and patients with
pre- existing renal impairment -- all of whose conditions make them
at risk for CIN when they require interventional procedures that
use radiographic contrast media. CIN is the third most common cause
of in-hospital acute renal failure. It is associated with
significant in-hospital mortality rates, and increases in long-term
mortality rates, major in-hospital adverse cardiac events, and the
risk of having to undergo renal dialysis therapy. Any of these can
result in prolonged hospital stays and increased medical costs.
Studies indicate that approximately 15-20% of all patients
undergoing image-guided cardiology and radiology procedures are at
risk of developing CIN. The estimated mortality rate for patients
that acquire CIN may be as high as 35%. RenalGuard is based on
existing pre-clinical study data that suggests that initiating and
maintaining high urine output during imaging procedures allows the
body to rapidly eliminate toxins in contrast media, reducing their
harmful effects. RenalGuard is a fully-automated, real-time matched
fluid replacement device intended for interventional cardiology and
radiology patients undergoing imaging procedures using contrast
media. About PLC Systems Inc. PLC Systems Inc. is a medical
technology company specializing in innovative technologies for the
cardiac and vascular markets. Headquartered in Franklin, Mass., PLC
pioneered the CO2 Heart Laser System, which cardiac surgeons use to
perform CO2 transmyocardial revascularization (TMR) to alleviate
symptoms of severe angina. CO2 TMR offers a treatment option for
angina patients who suffer from severe coronary artery disease. The
CO2 Heart Laser is the world's first TMR angina relief device
cleared for commercial distribution by both the U.S. Food and Drug
Administration and Japanese Ministry of Health, Labor and Welfare,
and to obtain a CE Mark for European distribution. The company
recently concluded a pilot clinical safety study of its RenalGuard
Therapy and RenalGuard System. In late 2007, the company received
its CE Mark Certificate for RenalGuard System. RenalGuard Therapy
is designed to reduce the toxic effects that contrast media can
have on the kidneys. This therapy is based on the theory that
creating and maintaining a high urine output is beneficial to
patients undergoing imaging procedures where contrast agents are
used. The real-time measurement and matched fluid replacement
design of the RenalGuard System is intended to ensure that a high
urine flow is maintained before, during and after these procedures.
This should allow the body to rapidly eliminate contrast, reducing
its toxic effects. The RenalGuard System, with its matched fluid
replacement capability, is intended to minimize the risk of over-
or under-hydration. Additional company information can be found at
http://www.plcmed.com/. This press release contains
"forward-looking" statements. For this purpose, any statements
contained in this press release that relate to prospective events
or developments are deemed to be forward-looking statements. Words
such as "believes," "anticipates," "plans," "expects," "will" and
similar expressions are intended to identify forward-looking
statements. Our statements of our objectives are also
forward-looking statements. While we may elect to update
forward-looking statements in the future, we specifically disclaim
any obligation to do so, even if our estimates change, and you
should not rely on these forward-looking statements as representing
our views as of any date subsequent to the date of this press
release. Actual results could differ materially from those
indicated by such forward-looking statements as a result of a
variety of important factors, including that we may not receive
necessary regulatory approvals to market our RenalGuard product or
that such approvals may be withdrawn, the clinical trials for that
product may not be successful, the RenalGuard product may not be
commercially accepted, operational changes, competitive
developments may affect the market for our products, regulatory
approval requirements may affect the market for our products, and
additional risk factors described in our Report on Form 10-Q for
the quarter ended September 30, 2007, and our other SEC reports.
PLC Systems, PLC Medical Systems, PLC and CO2 Heart Laser,
RenalGuard, RenalGuard Therapy and RenalGuard System are trademarks
of PLC Systems Inc. Contact: Mary T. Conway Conway Communications
617-244-9682 DATASOURCE: PLC Systems Inc. CONTACT: Mary T. Conway
of Conway Communications, +1-617-244-9682, , for PLC Systems Inc.
Web site: http://www.plcmed.com/
Copyright
P L C Systems (AMEX:PLC)
Historical Stock Chart
Von Nov 2024 bis Dez 2024
P L C Systems (AMEX:PLC)
Historical Stock Chart
Von Dez 2023 bis Dez 2024