Monday, May 29, 2017 12:42:38 PM
https://www.fda.gov/MedicalDevices/ResourcesforYou/Consumers/ucm142523.htm
If this is so, we may be waiting for an FDA approval that never comes because is not what is being requested now. In the interview they talk that they already have the Class II approval and are not requesting a new one, but instead a Class I "clearance" which is not required according to the FDA rules.
The clinical trial has no influence on the Class I application, but would only serve to confirm that the digital version have slightly lower error rates. That is, it has beneficial effects for its commercialization but no effects at all for the FDA Class I process. The sales in the US can be started at any time when they have completed the administrative procedures of the Class I. No approval is required according to the FDA info. We may not hear anything this year or ever about an FDA approval.
The question is whether the FDA has already classified them as a Class I. If the iTbra doesn't fall into this category we may be facing a new delay, because a new 510(k) will be required, which will also need a completed clinical trial with all the required participants.
My concern is whether the change in strategy has not been due to a clinical trial that has proved valid but has not had the minimum number of participants required for a Class II 510 (k) application.
Can someone clarify this with objective information.
This detail can change many things.
Disclaimer: This information is only my opinion and should not be considered as an advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities or other financial products or instruments.
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