Printer Friendly
The Free Library
19,573,952 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Acceleration Therapeutics' AT-101 Has Been Reclassified by FDA as Therapeutic Vibrator Requiring 510k Submission.


NORTH BAY VILLAGE, Fla. -- Acceleration Therapeutics Division of Non-Invasive Monitoring Systems, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:NIMU NIMU Non-Iterative Multi-User
NIMU National Iron Molders Union
) today announced that the FDA FDA
abbr.
Food and Drug Administration


FDA,
n.pr See Food and Drug Administration.

FDA,
n.pr the abbreviation for the Food and Drug Administration.
 has reclassified the flagship product of the Company, the AT-101 device, from its listed FDA Class 1 (exempt) powered exercise device to a therapeutic vibrator requiring 510(k) submission. The FDA made this determination because the FDA believed that the AT-101 "exceeds the limitations to the exemption in 21 CFR CFR

See: Cost and Freight
 890.9(a) and (b) because it introduces new indications and new technology for therapeutic vibrators." Accordingly, the Company cannot market the AT-101 device until it has received an allowance letter from FDA. The Company is weighing its options for response to this action and considers this matter of serious concern to its business.

Safe Harbor Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jan 24, 2005
Words:208
Previous Article:Investor Optimism Drops Slightly, According To UBS Index; Investors Divided Over the Privatization of Social Security.
Next Article:TGK Begins Recording of Debut Album to be Released by KidSational Records.



Related Articles
Enhancing efficiency: step by step.
FDA SPEEDS REVIEW OF NEW DRUG APPLICATIONS WITH ADOBE ACROBAT AND PDF.
NIMS Achieves Profit for Fourth Quarter and Turnaround Profit of Approximately $26,000 for Year 2004 from Loss of $1,556,000 for Year 2003.
NIMS Reports Loss for Second Quarter.
Regulatory acceptance of toxicogenomics data.
NIMS Receives Capital Financing to Continue Operations and Re-Build Company Infrastructure.
Non-Invasive Monitoring Systems, Inc. (NIMS)(NIMU.OB) Receives Notices of Patent Allowances from US and European Offices.
Non-Invasive Monitoring Systems, Inc. (NIMS) Receives FDA Certificates of Exportability That Allow For International Export of the AT-101 Motion...
Non-Invasive Monitoring Systems, Inc. Enters Distribution and Sales Agreement for AT-101 Motion Platform in Argentina.
FIRST HEART ATTACK PATIENT ENROLLED IN RAPID MI-ICE STUDY.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles