Apollo Endosurgery's New Obesity Endoscopic Systems Receive FDA Nod

Apollo Endosurgery's New Obesity Endoscopic Systems Receive FDA Nod
  • Apollo Endosurgery Inc APEN announced the marketing authorization of the Apollo ESG, Apollo ESG Sx, Apollo REVISE, and Apollo REVISE Sx Systems through the FDA De Novo Classification process.
  • The process is a premarket review pathway for low-to moderate-risk devices without a predicate. 
  • These are the first and only devices authorized by the FDA for endoscopic sleeve gastroplasty (ESG) and endoscopic bariatric revision.
  • ESG is an incisionless procedure that utilizes an endoscopic suturing system to reduce the volume of a person's stomach and delay emptying of the stomach, resulting in clinically meaningful, durable weight loss. 
  • In a randomized controlled trial, the ESG procedure demonstrated safety and effectiveness with durability out to two years.
  • The Apollo ESG and Apollo ESG Sx Systems are intended to be used by trained gastroenterologists or surgeons to facilitate weight loss in adults with Body Mass Index between 30-50 kg/m2 who have not been able to lose weight or maintain weight loss through more conservative measures. 
  • The Apollo REVISE and Apollo REVISE Sx Systems are intended to be used to revise a previous bariatric procedure. 
  • Price Action: APEN shares are up 12.10% at $4.76 during the market session on the last check Wednesday.

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