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8-K - CURRENT REPORT - ENDRA Life Sciences Inc. | ndra_8k.htm |
Exhibit 99.1
ENDRA Life Sciences
Receives CE Mark for its TAEUS®
Clinical Product Targeting
Non-Alcoholic Fatty Liver Disease
U.S. FDA submission expected during H1:20
ANN ARBOR, MI / March 9, 2020/ ENDRA Life Sciences Inc.
("ENDRA") (NASDAQ: NDRA),
the pioneer of Thermo Acoustic Enhanced UltraSound
(TAEUS®),
announced today that it has received Conformité Européene
(“CE”) Mark approval for its TAEUS FLIP (Fatty Liver
Imaging Probe) System. TAEUS is initially focused on the
non-invasive measurement of liver fat to identify and monitor
Non-Alcoholic Fatty Liver Disease (“NAFLD”) and
Non-Alcoholic Steatohepatitis (“NASH”), chronic liver
conditions that affect over one billion people globally and are
precursors to fibrosis, cirrhosis and cancer. The CE marking
indicates that TAEUS FLIP System complies with all applicable
European Directives and Regulations in the European Union and other
CE Mark geographies, including the 27 EU member states. ENDRA will
now notify the competent authorities that it has received the CE
Mark, and register the TAEUS product in each of the initial target
markets.
The company also provided an update on the status of its planned
U.S. FDA regulatory submission, which is in preparation and
expected to be submitted during the first half of
2020.
"CE Mark approval is a milestone achievement for ENDRA, as it marks
our first regulatory approval for the TAEUS device, and paves the
way for us to commercialize the TAEUS liver application in our
initial international target markets, such as Germany and France,"
said Francois Michelon, Chairman and CEO of ENDRA.
"Our EU commercial team looks forward to working with our partners
at GE Healthcare in Europe to introduce our TAEUS liver technology
to clinicians in our initial target markets," said Renaud
Maloberti, Chief Commercial Officer of ENDRA. “We will ramp
up our supply chain near-term, and focus our efforts on getting the
TAEUS systems into the hands of clinical influencers, an essential
step in providing strong local references for our commercial
team.”
ENDRA will provide additional information on its EU commercial
plans for TAEUS, regulatory and other activities during the
upcoming Q4, 2019 conference call on March 26th.
About ENDRA Life Sciences Inc.
ENDRA
Life Sciences is the pioneer of Thermo Acoustic Enhanced UltraSound
(TAEUS®),
a ground-breaking technology being developed to visualize tissue
like CT or MRI, but at 1/50th of the cost, at
the point of patient care. TAEUS is designed to work in concert
with the over one million ultrasound systems in use globally today.
TAEUS is initially focused on the measurement of fat in the liver,
as a means to assess and monitor Non-Alcoholic Fatty Liver Disease
(NAFLD) and inflammation (NASH), chronic liver conditions that
affect over one billion people globally, and for which there are no
practical diagnostic tools. Beyond the liver, ENDRA is exploring
several other clinical applications of TAEUS, including
visualization of tissue temperature during energy-based surgical
procedures. www.endrainc.com
Forward-Looking Statements
All
statements in this release that are not based on historical fact
are "forward-looking statements" within the meaning of Section 27A
of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Forward-looking statements, which are based
on certain assumptions and describe our future plans, strategies
and expectations, can generally be identified by the use of
forward-looking terms such as "believe," "expect," "may," "will,"
"should," "could," "seek," "intend," "plan," "goal," "estimate,"
"anticipate" or other comparable terms. Examples of forward-looking
statements include, among others, statements we make regarding
expectations regarding the registration of our TAEUS device in
European jurisdictions and the timing of a U.S. 510(k) regulatory submission for
our TAEUS device; plans relating to our supply chain and
commercialization of the TAEUS device, including its adoption by
clinicians; and expectations concerning ENDRA's product development
and business strategy. Forward-looking statements involve inherent
risks and uncertainties which could cause actual results to differ
materially from those in the forward-looking statements, as a
result of various factors including, among others, the following:
our ability to develop a commercially feasible technology; receipt
of necessary regulatory approvals; our ability to find and maintain
development partners, market acceptance of our technology, the
amount and nature of competition in our industry; our ability to
protect our intellectual property; and the other risks and
uncertainties described in ENDRA's filings with the Securities and
Exchange Commission. The forward-looking statements made in this
release speak only as of the date of this release, and ENDRA
assumes no obligation to update any such forward-looking statements
to reflect actual results or changes in expectations, except as
otherwise required by law.
Company Contact:
David
Wells
Chief
Financial Officer
(734)
997-0464
investors@endrainc.com
www.endrainc.com
Media & Investor Relations Contact:
MacDougall
Amanda
Houlihan
(781)
235-3060
endra@macbiocom.com