PLC Systems Receives FDA Approval to Commence Pivotal Study Of RenalGuard(TM) In the U.S.
March 20 2008 - 8:05AM
PR Newswire (US)
FRANKLIN, Mass., March 20 /PRNewswire-FirstCall/ -- PLC Systems
Inc. (AMEX:PLC) announced today that it has received conditional
approval from the U.S. Food and Drug Administration (FDA) to begin
enrollment in a U.S. pivotal trial to study the effectiveness of
the Company's RenalGuard Therapy(TM) and RenalGuard System(TM) in
the prevention of Contrast-Induced Nephropathy (CIN). Mark R.
Tauscher, President and Chief Executive Officer of PLC, said, "We
are very pleased with the FDA's conditional approval to the
Investigational Device Exemption (IDE) supplement we filed last
month. This will enable us to commence our pivotal study on
schedule this spring. We are focused now on incorporating FDA's
input into our final study protocol, and rapidly moving through the
next phase of our clinical trial plan, which includes securing
approvals to begin our study from hospital Institutional Review
Boards at the sites that have elected to participate. FDA approval
of the IDE is another major milestone on our path forward to
commercializing the RenalGuard therapy and system, and we are very
excited about beginning the pivotal trial." 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. The Company's U.S. pivotal study,
under the supervision of principal investigators Charles Davidson,
MD, Professor of Medicine, Northwestern University Medical School
and Richard J. Solomon, MD, Professor of Medicine, University of
Vermont College of Medicine, is designed as an adaptive, randomized
controlled trial at up to 30 sites in the U.S. Enrollment in the
trial is expected to last through 2009, and will include a minimum
of 246 patients. Contrast-Induced Nephropathy Approximately seven
million patients worldwide undergo interventional cardiovascular
therapeutic and diagnostic imaging procedures each year. 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%. About
RenalGuard 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
concluded a pilot clinical safety study of its RenalGuard Therapy
and RenalGuard System in December 2007. 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,
Conway Communications, +1-617-244-9682, Web site:
http://www.plcmed.com/
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