Lombard Medical Submits Fifth PMA Module to FDA
December 13 2010 - 2:00AM
UK Regulatory
TIDMLMT
RNS Number : 7956X
Lombard Medical Technologies PLC
13 December 2010
Press information
Lombard Medical Technologies PLC
("Lombard Medical" or "Company")
Lombard Medical Submits Fifth PMA Module to FDA
London, UK, 13 December 2010- Lombard Medical Technologies PLC (AIM: LMT), a
medical device company focused on solutions for the $1 billion abdominal aortic
aneurysm (AAA) repair market, today announces that it has submitted the fifth of
six pre-market approval (PMA) modules required for the US approval of Aorfix(TM)
by the U.S. Food and Drug Administration (FDA).
The Company has FDA permission to file the PMA for Aorfix(TM) in a series of 6
modules. The first three of these modules, on biological testing, non-clinical
laboratory studies, and sterilisation and packaging, have already been reviewed
and accepted by the FDA. The fourth module on bench testing and shelf life was
submitted in November and the penultimate module on manufacturing has just been
submitted. The final module containing the clinical data is expected to be filed
in the first half of 2011.
Commenting on the submission, Lombard Medical Chief Executive John Rush said:
"We set out clear timelines for submission of the PMA modules required for FDA
approval of Aorfix(TM) earlier this year and we remain firmly on track to
achieve them. We look forward to submitting the final PMA module demonstrating
the clinical evidence for the use of the Aorfix(TM) stent graft in the treatment
of complex tortuous anatomy during the first half of 2011. The US is the largest
market for AAA stent grafts, worth over $500 million, and we continue to be
confident of winning approval for Aorfix(TM) in this important market."
- Ends -
About Lombard Medical
Lombard Medical Technologies PLC (AIM: LMT), is a medical device company focused
on device solutions for the $1 billion dollar abdominal aortic aneurysm (AAA)
repair market. AAA's are a balloon-like enlargement of the aorta which, if left
untreated, may rupture and cause death. Approximately 4.5 million people are
living with AAA's in the developed world and each year 600,000 new cases are
diagnosed. The market for endovascular stent grafts for this application is
expected to grow to $1.6 billion by 2015. The Company's lead product,
Aorfix(TM), is an endovascular stent graft which has been specifically designed
to solve the problems that exist in treating complex tortuous anatomy which is
often present in advanced AAA disease. Aorfix(TM) is currently being
commercialised in the EU, with a pivotal clinical trial nearing completion in
the USA.
The Company is headquartered in Oxfordshire, with operations in Ayrshire and
Phoenix, USA.
Further background on the Company can be found at www.lombardmedical.com.
For further information:
+---------------------------------------+------------------------+
| Lombard Medical Technologies PLC | |
+---------------------------------------+------------------------+
| John Rush, Chief Executive Officer | Tel: 01235 750 800 |
| Tim Hall, Finance Director | |
+---------------------------------------+------------------------+
| | |
| Evolution Securities Limited | |
+---------------------------------------+------------------------+
| Barry Saint / Bobbie Hilliam | Tel : 020 7071 4300 |
+---------------------------------------+------------------------+
| | |
| Financial Dynamics | |
+---------------------------------------+------------------------+
| Jonathan Birt / Susan Quigley | Tel : 020 7831 3113 |
+---------------------------------------+------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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