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ANGIODYNAMICS, INC.

(ANGO)
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Delayed Quote. Delayed Nasdaq - 10/27 04:00:00 pm
28.31 USD   -0.63%
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AngioDynamics : Receives FDA Approval for PRESERVE Study

08/12/2021 | 02:12pm EDT
Study Will Assess Use of NanoKnife System in Prostate Tissue Ablation

Latham, New York, August 11, 2021 - AngioDynamics, Inc. (NASDAQ: ANGO), a leading provider of innovative, minimally invasive medical devices for vascular access, peripheral vascular disease, and oncology, has received approval from the U.S. Food & Drug Administration (FDA) for the Pivotal Study of the NanoKnife System for Ablation of Prostate Tissue in an Intermediate-Risk Patient Population (PRESERVE).

The PRESERVE Study, initiated by AngioDynamics in partnership with the Society of Urologic Oncology Clinical Trials Consortium, Inc. (SUO-CTC), will evaluate the use of the NanoKnife System as a focal therapy option for prostate cancer patients, and assess the System's safety and effectiveness when used to ablate prostate tissue in intermediate-risk patients. Full patient and provider information on the PRESERVE Study are available at clinicaltrials.gov.

The study will be led by Co-Principal Investigators Jonathan Coleman, MD, Urologic Surgeon, Memorial Sloan Kettering Cancer Center, and Arvin George, MD, Urologic Surgeon, University of Michigan. The PRESERVE Study will have its primary endpoint analysis at 12 months following initial treatment. 'We are excited to be leading this multi-center trial,' said Dr. Coleman. 'We anticipate the results of this study will provide valuable evidence to determine the appropriate use of focal therapy in intermediate-risk prostate cancer patients.'

'The PRESERVE Study represents a step forward in AngioDynamics' investment to develop additional clinical pathways for the NanoKnife System,' said Juan Carlos Serna, SVP of Clinical and Scientific Affairs. 'It is our hope that results from the PRESERVE Study will demonstrate NanoKnife System's ability to provide a treatment option for patients with intermediate-risk prostate cancer in the United States.'

Approval of the study was originally announced during AngioDynamics' Investor & Technology Day virtual event on July 13, 2021. More details about the PRESERVE Study from the virtual event can be accessed at https://bit.ly/ANGOInvestorDay (NanoKnife System and study information begins approximately 1 hour, 34 minutes into the recording).

The NanoKnife System utilizes Irreversible Electroporation (IRE) technology to effectively destroy targeted tissue, delivering precise treatment margins while preserving vital structures by retaining the structural integrity of the targeted tissue. , The delivery of non-thermal energy allows for the preservation of the extra-cellular matrix, facilitating post-ablation histological and functional tissue regeneration. To learn more and view risk information, visit NanoKnife.com.

In 2021, the American Cancer Society estimates that there will be about 248,530 new cases of prostate cancer and about 34,130 deaths from prostate cancer in the U.S. It is estimated that 1 out of every 8 men will be diagnosed with prostate cancer during his lifetime. It is the second leading cause of death in American men.

Investor Relations Contact:

AngioDynamics, Inc.
Stephen Trowbridge
518-795-1408
strowbridge@angiodynamics.com

Media Contact:

AngioDynamics, Inc.
Saleem Cheeks
518-795-1174
scheeks@angiodynamics.com

About AngioDynamics, Inc.

AngioDynamics, Inc. is a leading provider of innovative, minimally invasive medical devices used by professional healthcare providers for vascular access, peripheral vascular disease, and oncology. AngioDynamics' diverse product lines include market-leading ablation systems, vascular access products, angiographic products and accessories, drainage products, thrombolytic products and venous products. For more information, visit www.angiodynamics.com.

About the Society of Urologic Oncology Clinical Trials Consortium (SUO-CTC)

Created, owned and operated by its members, the Society of Urologic Oncology Clinical Trials Consortium (SUO-CTC) is a clinical research investigator network of more than 400 members from more than 200 clinical sites in the U.S. and Canada. This national alliance of leading academic and community based uro-oncologists is committed to furthering urology research. The SUO-CTC is a registered 501c3 not-for-profit corporation and has a cooperative relationship with the Society of Urologic Oncology (SUO). For more information, visit suoctc.org.

AngioDynamics, the AngioDynamics logo, and NanoKnife are trademarks and/or registered trademarks of AngioDynamics, Inc., an affiliate or subsidiary. All other trademarks are the property of their respective owners. ©2021 AngioDynamics, Inc

1Scheltema MJ, Chang JI, van den Bos W, Gielchinsky I, Nguyen TV, Reijke TM, Siriwardana AR, Böhm M, de la Rosette JJ, Stricker PD. Impact on genitourinary function and quality of life following focal irreversible electroporation of different prostate segments. Diagn Interv Radiol. 2018 Sep;24(5):268-275. doi: 10.5152/dir.2018.17374. PMID: 30211680; PMCID: PMC6135060.
2Li W, Fan Q, Ji Z, Qiu X, Li Z. The effects of irreversible electroporation (IRE) on nerves. PLoS One. 2011 Apr 14;6(4):e18831. doi: 10.1371/journal.pone.0018831. PMID: 21533143; PMCID: PMC3077412.
3Key Statistics for Prostate Cancer | Prostate Cancer Facts. Cancer.org. https://www.cancer.org/cancer/prostate-cancer/about/key-statistics.html. Published 2021. Accessed July 6, 2021.

Disclaimer

AngioDynamics Inc. published this content on 12 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2021 18:11:05 UTC.


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Financials (USD)
Sales 2022 314 M - -
Net income 2022 -16,5 M - -
Net Debt 2022 - - -
P/E ratio 2022 -67,3x
Yield 2022 -
Capitalization 1 101 M 1 101 M -
Capi. / Sales 2022 3,51x
Capi. / Sales 2023 3,26x
Nbr of Employees 800
Free-Float 94,5%
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Managers and Directors
James Christopher Clemmer President, Chief Executive Officer & Director
Stephen A. Trowbridge Chief Financial Officer & Executive Vice President
Howard W. Donnelly Independent Non-Executive Chairman
David D. Helsel SVP-Global Operations, Research & Development
Kim L. Seabury Senior Vice President-Information Technology