EnteroMedics to Host Conference Call after Presentation at the 25th Annual American Society for Metabolic and Bariatric Surgery Meeting; Company to present study data and update EMPOWER trial enrollment.ST. PAUL, Minn. -- EnteroMedics Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ETRM ETRM Energy Trading and Risk Management ETRM Enterprise Technology Reference Model (Massachusetts) ), the developer of medical devices using neuroblocking technology to treat obesity and other gastrointestinal disorders, announced today that it expects study results from ongoing clinical trials of the company's VBLOC[TM] vagal vagal /va·gal/ (va´gal) pertaining to the vagus nerve. va·gal adj. Of or relating to the vagus nerve. vagal pertaining to the vagus nerve. blocking therapy to be presented at 3:00 PM ET on June 19, 2008 during a plenary session of the 25th annual meeting of the American Society for Metabolic and Bariatric Surgery Bariatric Surgery Definition Bariatric surgery promotes weight loss by changing the digestive system's anatomy, limiting the amount of food that can be eaten and digested. , being held June 15-20 in Washington, D.C. The oral presentation will include interim 12-month and updated 9-month excess weight loss, or EWL EWL Excess Weight Loss EWL Effective Working Length EWL Equivalent Working Length EWL Engineer Work Line EWL Electronic Warfare Laboratory EWL Early Warning Line EWL External Wavelength Locking (Agilent) , endpoints from EnteroMedics' VBLOC-RF2 feasibility study for obesity therapy as well as a preliminary report on the Company's VBLOC-RC (rechargeable) device. The company will host a conference call and live webcast at 4:30 PM EDT EDT abbr. Eastern Daylight Time EDT Eastern Daylight Time EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York EDT on Thursday, June 19, 2008 following the oral presentation, to discuss findings from the data presented at the meeting and provide an update on enrollment in the EMPOWER pivotal trial. To listen to the conference call, dial (877) 614-4258 (United States and Canada) or (816) 650-0779 (international), and use participant code (48663172) approximately 10 minutes prior to the start time. An audio replay of the conference call can be accessed by calling (800) 642-1687 or (706) 645-9291. The replay will be available for 3 months. To access the live webcast, visit the investor relations Investor relations The process by which the corporation communicates with its investors. section of EnteroMedics' website at www.enteromedics.com. A replay of the webcast will be available immediately after the conference call. About VBLOC Therapy EnteroMedics developed VBLOC[TM] vagal blocking therapy to offer bariatric Bariatric Pertaining to the study, prevention, or treatment of overweight. Mentioned in: Malnutrition surgeons and their patients a less invasive alternative to existing surgical weight loss procedures that may present significant risks and alter digestive system anatomy, lifestyle and food choices. VBLOC Therapy is delivered via the Maestro[TM] System through laparoscopically implanted leads to intermittently block the vagus nerves using high-frequency, low energy electrical impulses. VBLOC Therapy is designed to target the multiple digestive functions under control of the vagus nerves and to affect the perception of hunger and fullness. About EnteroMedics Inc. EnteroMedics is a development stage medical device company focused on the design and development of devices that use neuroblocking technology to treat obesity and other gastrointestinal disorders. EnteroMedics' proprietary neuroblocking technology, VBLOC[TM] vagal blocking therapy, is designed to intermittently block the vagus nerve using high-frequency, low-energy, electrical impulses. EnteroMedics recently received an investigational device exemption An Investigational Device Exemption (IDE) allows the investigational device to be used in a clinical study in order to collect safety and effectiveness data required to support a Premarket Approval (PMA) application or a Premarket Notification [510(k)] submission to Food and (IDE) application approval from 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. for the pivotal trial of its initial product for the treatment of obesity, the Maestro[TM] System. For more information, visit www.enteromedics.com. Forward-Looking Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: This press release contains forward-looking statements about EnteroMedics Inc. Our actual results could differ materially from those discussed due to known and unknown risks, uncertainties and other factors including our limited history of operations, our losses since inception and for the foreseeable future; our lack of regulatory approval for our Maestro[TM] System for the treatment of obesity; our inability to complete our EMPOWER pivotal trial and other clinical trials, or significant delays in the completion of our clinical trials; our ability to timely commercialize our Maestro System; our dependence on third parties to initiate and perform our clinical trials; the need to obtain regulatory approval for any modifications to our Maestro System; physician adoption of our Maestro System and VBLOC[TM] vagal blocking therapy; our ability to obtain third party coding, coverage or payment levels; ongoing regulatory compliance; our dependence on third party manufacturers and suppliers; the successful development of our sales and marketing capabilities; our ability to raise additional capital when needed; our ability to attract and retain management and other personnel and to manage our growth effectively; potential product liability claims; potential healthcare fraud and abuse claims; and our ability to obtain and maintain intellectual property protection for our technology and products. These and additional risks and uncertainties are described more fully in the Company's filings with the Securities and Exchange Commission, particularly those factors identified as "risk factors" in the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. dated March 13, 2008. We are providing this information as of the date of this press release and do not undertake any obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise. Caution-Investigational device. Limited by Federal law to investigational use. The implantation procedure and usage of the Maestro[TM] System carry some risks, such as the risk generally associated with laparoscopic Laparoscopic A minimally-invasive surgical or diagnostic procedure that uses a flexible endoscope (laparoscope) to view and operate on structures in the abdomen. Mentioned in: Obstetrical Emergencies procedures and those related to treatment as described in the Empower clinical trial informed consent. |
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