Allium Submitted Application to the FDA for Clearance of the Gardia WIRION Filter System in the US

CAESAREA, Israel, December 22, 2014 /PRNewswire/ --

Allium Medical (TASE: ALMD), a medical device company specializing in minimally invasive technologies, announced today that it has filed an application to the FDA for clearance of the WIRION filter system. The system is designed to protect from emboli released during catheterization procedures. The FDA indication is for use of the WIRION system during carotid catheterization procedures. The application was submitted in the 510(k) regulatory track based on the interim clinical data. In parallel, the company continues the enrollment of 120 additional patients in the clinical study according to the study protocol.

Asaf Alperovitz, CEO of Allium Medical: "We are taking another step towards FDA clearance for marketing the Gardia unique filter in the US. The application is based on the interim clinical results that include data from 120 out of the planned 240 patients and demonstrate that the safety profile (the primary end-point of the study) is significantly better compared to the control group (that includes data from cleared US products of global companies). Following our correspondence with the FDA we decided to submit the application and in parallel continue patient enrollment beyond the patients already treated. Based on the interim results, we believe that the probability of successfully meeting the study primary end-point for a full cohort of 240 patients is high, assuming the Company will be obliged to conduct it."

The interim clinical data submitted to the FDA clearly demonstrate that the system safety profile, the primary end-point of the study, is significantly better compared to the control group. According to the study protocol, in order to meet the primary end-point at this early stage, the Company has to meet strict statistical criteria compared to the statistical criteria for the full cohort study.

According to the statistical method presented in the study protocol, the company did not meet the interim primary end-point that would allow its ending the study at interim. However, according to the alternative exact binomial statistical method, the Company met the study endpoint at interim. In the correspondence between the Company and the FDA it was stated that the alternative exact binomial method proposed by the company will be considered by the FDA following the review of the totality of the full submission data.

The Company and its advisors believe that this exact binomial method is most applicable and appropriate given the small number of clinical events. As stated, the FDA will examine all the data presented as part of a complete application for 510(k) clearance of the WIRION system, filed by the Company.

To clarify, the FDA's official and binding position, with respect to the Company's decision to end the study early upon the recruitment of half of the patients, as well as the other components of the Company's application for approval of the system, will only be presented as part of the review of the complete 510(k) application. There is no guarantee that the FDA will approve the Company's position.

As stated, according to Company and its advisors, based on the interim results of 120 patients submitted to the FDA, probability of success in a full experiment with 240 patients are high, assuming the Company will be obliged to conduct it. As far as the Company knows, the FDA is expected to respond to the application within 90 days of receiving confirmation that all administrative conditions for this application were met.

About Allium Medical 

Allium specializes in minimally invasive medical equipment and presents a variety of technologies and product lines in this area. The Company's strategy is to create value by expanding the basis of internal developments and by purchasing product lines and additional technologies. The Company is run by leading professionals with knowhow and experience in rapid promotion of products, from the development stage to the commercial stage, while ensuring long-term financing and economies of scale.

Company Contact:
Ariel Rubashkin
CFO
[email protected]
Tel.: +972-4-6277166, Ext. 103
http://www.allium-medical.com

SOURCE Allium Medical Solutions Ltd.