Daily Newsletter

25 August 2023

Daily Newsletter

25 August 2023

Nectero secures fast track designation from FDA for endovascular system

The company is initiating a Phase II/III clinical trial to assess the safety and effectiveness of the Nectero EAST system.

RanjithKumar Dharma August 25 2023

Nectero Medical has secured fast-track designation from the US Food and Drug Administration (FDA) for its Nectero Endovascular Aneurysm Stabilization Treatment (Nectero EAST) system.

The single-use endovascular system is intended for the treatment of patients with infrarenal abdominal aortic aneurysms (AAAs) with a maximum diameter of 3.5cm–5.0cm.

Nectero EAST consists of a stabiliser mixture containing pentagalloyl glucose (PGG) and a dual-balloon delivery catheter.

The system administers PGG locally to the aneurysmal wall, where it attaches to elastin and collagen, strengthening the aortic vessel wall and lowering further degradation risk.

Designed to finish within an hour, the procedure does not need any specialised tools and leaves no permanent implant.

Furthermore, it does not prevent future interventions.

The company is commencing a randomised, controlled Phase II/III trial (stAAAble) to assess the safety and effectiveness of Nectero EAST.

Nectero Medical president and CEO Jack Springer said: “This designation reinforces Nectero Medical’s belief that the Nectero EAST System has the potential to address a large segment of patients who suffer from a serious progressive disease with no proven treatment options.

“Available therapies are reserved primarily for patients who fall into the highest-risk category.

“We are proud to be advancing a treatment that has the potential to impact so many lives and are extremely pleased that the FDA acknowledged this through our designation.”

More than one million people in the US are anticipated to live with AAA and approximately 60,000 undergo treatment for this condition each year. The complications of AAA result in roughly 10,000 deaths annually in the country.

Generative AI set to transform the medical devices industry

GlobalData estimates the total AI market will be worth $908.7 billion in 2030, with a 35% CAGR (2022-30). Generative AI can improve personalized healthcare by collecting data from patients via wearable devices. It can also enhance existing imaging techniques by generating high-quality images of organs using data from low-resolution images (such as ultrasounds). However, the collection and use of patient healthcare data and information through AI medical products could conflict with regulations around the globe.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close