Stacy Chambliss, Chief Administrative Officer and Chief of Clinical Trials, stated, “Given our compelling pivotal study results and our interactions with the FDA to date, we are extremely confident in our filing. Our modular approach, which allowed us to obtain formal FDA feedback on two-thirds of the submission while awaiting final clinical data, puts us in a strong position to quickly address any FDA comments as they review the final clinical data component and answers to all previous formal feedback. We look forward to completing this final review process and to bringing eCoin® to overactive bladder patients as quickly as possible.”
The FDA provides formal feedback 90 days after PMA filing and must make a decision within 180 days, excluding time allowed for an applicant’s response to feedback. Valencia expects substantive feedback in late November and approval as early as the first half of 2021.
Valencia Technologies Corporation is a medical technology company located in Valencia,
California. Valencia’s fully-implanted nickel-sized and shaped eCoin® Peripheral Neurostimulator delivers automated low-duty cycle stimulation to the tibial nerve. Implanted subcutaneously in an office or outpatient procedure under local anesthetic, the leadless system is a first in kind. eCoin® is approved for investigational use only.
Statements made in this press release that relate to future plans, events, prospects or performance are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. Words such as “planned,” “expects,” “believes,” “anticipates,” “designed,” and similar words are intended to identify forward-looking statements. While these forward-looking statements are based on the current expectations and beliefs of management, such forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from the expectations expressed in this press release. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, Valencia undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances or unanticipated events.
SOURCE Valencia Technologies Corporation
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