STOCK TITAN

Izotropic Completes Pre-Submission Meeting with U.S. FDA

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Izotropic Corporation, a medical device company, completed a pre-submission meeting with the U.S. FDA to discuss its application for market authorization. The meeting allowed Izotropic to clarify its regulatory strategy and the FDA appeared open to the company's new market clearance direction.
Positive
  • None.
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - November 1, 2023) - Izotropic Corporation (CSE: IZO) (OTCQB: IZOZF) (FSE: 1R3) ("Izotropic" or the "Company"), a medical device company commercializing IzoView, a CT (computed tomography) imaging system, that produces images of anatomy for non-invasive tissue characterization with an application in breast imaging, announced today that it completed its previously announced pre-submission meeting with the U.S. FDA.

The purpose of the meeting was to discuss the Company's pre-submission application, obtain feedback and confirm next steps. The meeting was attended by Izotropic's management, technical and engineering team members, and its FDA consultant, Matrix Medical Devices.

The meeting allowed Izotropic to clarify its revised regulatory strategy, which focuses on a broadened intended use and market authorization under the 510(k) pathway. While further discussion with the agency regarding the details of this regulatory strategy will be required to ensure its viability, the FDA appeared open to the Company's new market clearance direction.

As is required and for the purposes of concurrence, Izotropic will submit meeting minutes to the FDA for their review prior to any further disclosure.

ON BEHALF OF THE BOARD

Mr. Robert Thast, CEO
Cell: 604-220-5031

Contact:
Email: info@izocorp.com
Toll Free: 1-833-IZOCORP ext.1

About Izotropic

More information about Izotropic Corporation can be found on its website at izocorp.com and by reviewing its profile on SEDAR at sedar.com.

Forward-Looking Statements

This document may contain statements that are "Forward-Looking Statements," which are based upon the current estimates, assumptions, projections, and expectations of the Company's management, business, and its knowledge of the relevant market and economic environment in which it operates. The Company has tried, where possible, to identify such information and statements by using words such as "anticipate," "believe," "envision," "estimate," "expect," "intend," "may," "plan," "predict," "project," "target," "potential," "will," "would," "could," "should," "continue," "contemplate" and other similar expressions and derivations thereof in connection with any discussion of future events, trends or prospects or future operating or financial performance, although not all forward-looking statements contain these identifying words.

These statements are not guarantees of performance and involve risks, including those related to capital requirements and uncertainties that are difficult to control or predict, and as such, they may cause future results of the Company's activity to differ significantly from the content and implications of such statements. Forward-Looking Statements are pertinent only as of the date on which they are made, and the Company undertakes no obligation to update or revise any Forward-Looking Statements to reflect new information or the occurrence of future events or circumstances unless otherwise required to do so by law. Neither the Company nor its shareholders, officers, and consultants shall be liable for any action and the results of any action taken by any person based on the information contained herein, including, without limitation, the purchase or sale of Company securities. Nothing in this document should be deemed to be medical or other advice of any kind. All images are for illustrative purposes only. IzoView is not yet approved for sale.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/185868

FAQ

What is the name of the medical device company mentioned in the press release?

The medical device company mentioned in the press release is Izotropic Corporation.

What is the purpose of the pre-submission meeting with the U.S. FDA?

The purpose of the pre-submission meeting was to discuss Izotropic's application, obtain feedback, and confirm next steps.

What regulatory strategy did Izotropic clarify during the meeting?

Izotropic clarified a revised regulatory strategy that focuses on a broadened intended use and market authorization under the 510(k) pathway.

How did the FDA respond to Izotropic's new market clearance direction?

The FDA appeared open to Izotropic's new market clearance direction.

IZOTROPIC CORP

OTC:IZOZF

IZOZF Rankings

IZOZF Latest News

IZOZF Stock Data

2.56M
51.25M
9.77%
0.04%
Diagnostics & Research
Healthcare
Link
United States of America
Surrey