Company to amend PMA filing at FDA's direction
Guided Therapeutics, Inc. (OTCBB: GTHP) (OTCQB: GTHP) today announced
that it met with the Food and Drug Administration (FDA) on July 20,
2012. The company believes the meeting was very positive and plans to
work with FDA to finalize the path forward to gain premarket approval
(PMA) for the LuViva® Advanced Cervical Scan, a non-invasive
device used to detect cervical disease that leads to cancer, instantly
and at the point of care.
The preliminary plan calls for the company to file a PMA amendment using
existing clinical data to address the agency's questions stemming from
its January 20, 2012 "not approvable" letter. The company maintained at
the meeting with the FDA that the new data analysis to be included in
the amended PMA demonstrates the clinical benefit of LuViva in light of
new cervical cancer screening guidelines adopted earlier this year.
"We are pleased with both the tenor and substance of the meeting with
FDA and believe we have a good plan to move the PMA process forward
through what we hope will be a quick review and approval for LuViva,"
said Mark L. Faupel, Ph.D., President and CEO of Guided Therapeutics.
"We believe that once approved, LuViva will have a very positive impact
on the U.S. healthcare system by improving the standard of care for the
early detection of cervical disease, and providing women and doctors the
first test with instant results."
LuViva has been under FDA PMA review since September 23, 2010. The
company received a "not approvable" letter for the product on January
20, 2012. In May, 2012 the company requested a meeting with the agency,
and suggested a path for possible approval to which the FDA was
receptive. After a PMA amendment is submitted, the FDA has 180 days
during which it can respond.
In addition to the recently announced CE Mark, LuViva has marketing
approval from Health Canada. Guided Therapeutics was awarded ISO 13485
certification in January, 2011. The company continues to anticipate a
launch in international markets later in 2012.
About LuViva® Advanced Cervical Scan
LuViva is a technologically advanced diagnostic device that scans the
cervix with light and uses spectroscopy to measure how light interacts
with the cervical tissue. Spectroscopy identifies chemical and
structural indicators of precancer that may be below the surface of the
cervix or misdiagnosed as benign. This technique is called biophotonics.
Unlike Pap, HPV tests or biopsies, LuViva does not require laboratory
analysis or a tissue sample, and is designed to provide results
immediately, which eliminates costly, painful and unnecessary testing.
LuViva is designed for use with women who have undergone initial
screening and are called back for follow up with a colposcopy
examination, which in many cases involves taking a biopsy of the cervix.
The device is used in conjunction with the LuViva® Cervical
Guide single-use patient interface and calibration disposable.
About Guided Therapeutics
Guided Therapeutics, Inc. (OTCBB: GTHP) (OTCQB: GTHP) is developing a
rapid and painless testing platform for the early detection of disease
based on its patented biophotonic technology that utilizes light to
detect disease at the cellular level. The Company's first planned
product is the LuViva® Advanced Cervical Scan, a non-invasive
device used to detect cervical disease instantly and at the point of
care. In a multi-center clinical trial, with women at risk for cervical
disease, the technology was able to detect cervical cancer up to two
years earlier than conventional modalities, according to published
reports. Guided Therapeutics has also entered into a partnership with
Konica Minolta to develop a non-invasive test for Barrett's Esophagus
using the technology platform. For more information, visit: www.guidedinc.com.
The Guided Therapeutics LuViva® Advanced
Cervical Scan is an investigational device and is limited by federal law
to investigational use. LuViva, the wave logo and "Early detection,
better outcomes" are registered trademarks owned by Guided Therapeutics,
Forward-Looking Statements Disclaimer: A number of the matters and
subject areas discussed in this news release that are not historical or
current facts deal with potential future circumstances and developments.
The discussion of such matters and subject areas is qualified by the
inherent risks and uncertainties surrounding future expectations
generally and also may materially differ from Guided Therapeutics'
actual future experience involving any of or more of such matters and
subject areas. Such risks and uncertainties include those related to the
exchange offer, as described in the Offer to Exchange, as well as those
related to: the early stage of products in development, the uncertainty
of market acceptance of products, the uncertainty of development or
effectiveness of distribution channels, the intense competition in the
medical device industry, the uncertainty of capital to develop products,
the uncertainty of regulatory approval of products, dependence on
licensed intellectual property, as well as those that are more fully
described from time to time under the heading "Risk Factors" in Guided
Therapeutics' reports filed with the SEC, including Guided Therapeutics'
Annual Report on Form 10-K for the fiscal year ended December 31, 2011,
and subsequent quarterly reports.
Alison Ziegler, 212-554-5469
Bill Wells, 770-242-8723 Ext. 241