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Victhom Human Bionics Inc V.VHB



TSXV:VHB - Post by User

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Post by kid31on Oct 16, 2007 9:37am
159 Views
Post# 13578224

In English

In EnglishQUEBEC, Oct. 16 /CNW Telbec/ - Victhom Human Bionics Inc. (Victhom, TSX: VHB) announces today that it has received a "no objection" letter from the U.K. Medicines and Healthcare products Regulatory Agency ("MHRA") to begin the clinical investigation of the Neurostep(TM) in the U.K. The Neurostep(TM) is the first fully implantable product designed to treat, through neuromodulation, gait disorders (e.g., foot drop) which can result from a lesion of the central nervous system caused by conditions such as stroke and multiple sclerosis. There are more than 1,400,000 new cases of stroke per year worldwide and approximately 20 to 30% of these patients will develop symptoms of foot drop. The Closed-Loop System of the Neurostep(TM) allows the combination of the sensing and stimulating features to widen the scope of therapeutic possibilities as compared to conventional technologies that use stimulation only. Mr. Nader Kameli, COO of Victhom's Neurobionix business unit, stated that the start of the clinical investigation was conditional upon receipt of the Research Ethics Board (REB) approval of the clinical site where the investigation will be conducted. He added that the response from the REB was expected later this month. He also commented that with the previously announced Investigational Testing Authorization from Health Canada, the company was now ready to launch its multicenter clinical trial for its Neurostep(TM). Mr. Benoit Huet, President and CEO, stated the importance of this clinical trial for the Neurostep(TM) and added that these results should provide to Victhom a solid proof of concept on the Closed-Loop System and the Neurocuff(TM), which could lead to the development of new exciting indications. About Victhom Victhom discovers, develops and manufactures bionic devices involved in the treatment of a variety of physical and physiological dysfunctions. Victhom's Neurobionix business unit focuses on the development and commercialization of technologies and products involving implantable devices that feature neurosensing and neurostimulation components, integrated with artificial intelligence. Victhom's Biotronix business unit develops biomechatronic products to support or replace peripheral limbs in what is known as the orthotics and prosthetics market. FORWARD-LOOKING STATEMENTS Some of the statements made herein may constitute forward-looking statements. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause Victhom's actual results, performance or achievements to be materially different from those expressed or implied by any of Victhom's statements. Actual events or results may differ materially. We disclaim any intention, and assume no obligation, to update these forward-looking statements.
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