Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Cytori Therapeutics shoots up on FDA exemption

Monday, April 10, 2017 11:01
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Cytori Therapeutics Inc (NASDAQ: CYTX) shares surged on Nasdaq as it the US FDA approved an Investigational Device Exemption (IDE) for a pilot clinical trial to assess its Cytori cell therapy in patients with thermal burn injury.

This trial, named the RELIEF trial, will assess safety and feasibility of intravenous delivery of the firm’s therapy in patients with thermal burn injuries covering between 20% and 50% of their body.

It is expected to enroll up to 30 patients in up to 10 US sites.

Dr Marc Hedrick, president and chief executive, said it was another ‘milestone’ for the firm.

“Approval of RELIEF is a major step towards the ultimate goal of making this technology available to our citizens as a national countermeasure against burn injuries potentially including those complicated by radiation exposure,” he said.

The biotech added that the current healthcare system was ill-prepared for large numbers of patients requiring simultaneous treatment for thermal burns, particularly those complicated by radiation exposure.

“Current standard of care consists of dressings, skin grafts and skin substitutes. Despite these treatments, patients with severe burns commonly suffer from prolonged pain, aggressive scarring, skin contracture and reduced range of motion.

“Cellular therapeutics such as those offered by Cytori may have the potential not only to improve the quality and rate of wound healing and reduce scarring but also to be deployable in a cost effective manner, even in mass casualty situations.”

Shares in the company shot up over 35% to stand at $1.85 each.

Story by ProactiveInvestors


Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.