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BGC BTG

387.50
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
BTG LSE:BGC London Ordinary Share GB0001001592 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 387.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

BTG PLC Result of FDA Advisory Committee vote on Elevair

15/06/2018 7:00am

RNS Non-Regulatory


TIDMBTG

BTG PLC

15 June 2018

Result of FDA Advisory Committee vote on Elevair(TM) for the treatment of severe emphysema

London, UK, 15 June 2018: BTG plc (LSE: BTG), the global specialist healthcare company, notes that the US Food & Drug Administration's (FDA's) Anesthesiology and Respiratory Therapy Devices Panel of the Medical Devices Advisory Committee yesterday voted against the approval of the Elevair(TM) Endobronchial Coil System for the treatment of people with severe emphysema.

The Panel voted as follows: that there is reasonable assurance that Elevair(TM) is safe for use in patients who meet the criteria specified in the proposed indication, while considering the additional procedures needed to maintain effectiveness (7-5 in favour); that there is reasonable assurance that Elevair(TM) is effective for use in patients who meet the criteria specified in the proposed indication (7-5 against); and that the benefits of Elevair(TM) outweigh the risks for use in patients who meet the criteria specified in the proposed indication (8-3 against and one abstention).

The Panel's non-binding recommendation will be considered by the FDA in its ongoing review of PneumRx's Pre-market Approval (PMA) application for Elevair(TM) , which is expected to conclude in late summer 2018.

BTG will continue to work with the FDA during its review process and will seek to address the specific concerns raised by the Panel.

There are few treatment options for patients with severe emphysema. BTG continues to believe that Elevair(TM) (called the PneumRx(R) Coils in the EU) has a role to play in the management of these patients and is committed to generating additional clinical data to support the existing body of evidence. In the EU, the company has initiated the ELEVATE study that is designed to support patient selection and market development. In the US, BTG will continue to work with the FDA and with key opinion leaders and others on the optimal next steps to support the introduction of this therapy into the US.

For further information contact:

BTG

Andy Burrows, VP Corporate & Investor Relations

+44 (0)20 7575 1741; Mobile: +44 (0)7990 530 605

Stuart Hunt, Investor Relations Manager

+44 (0)20 7575 1582; Mobile: +44 (0)7815 778 536

Chris Sampson, Corporate Communications Director

+44 (0)20 7575 1595; Mobile: +44 (0)7773 251 178

FTI Consulting

Ben Atwell/Simon Conway

+44 (0)20 3727 1000

About BTG

BTG is a global healthcare company focused on Interventional Medicine. Our innovative medical technology helps physicians treat their patients through minimally invasive procedures. We have a growing portfolio of products that advance the treatment of cancer, vascular conditions and severe emphysema. BTG's Pharmaceuticals business provides products that help patients overexposed to certain medications or toxins. To learn more about BTG, please visit: btgplc.com.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

June 15, 2018 02:00 ET (06:00 GMT)

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