Surmodics Receives IDE Approval to Initiate Pivotal Trial of the SurVeil™ Drug-Coated Balloon
- Study compares SurVeil™ DCB to Medtronic IN.PACT® Admiral® DCB
- SurVeil DCB design includes new proprietary coating for interventional treatment of PAD
Surmodics, Inc. (Nasdaq: SRDX), a leading provider of medical device and in vitro diagnostic technologies, today announced it
has received an investigational device exemption (IDE) from the U.S. Food and Drug Administration (FDA) to initiate a pivotal
clinical trial of the SurVeil™ drug-coated balloon (DCB). The randomized trial will evaluate the SurVeil DCB for treatment
for peripheral artery disease (PAD) in the upper leg compared to the Medtronic IN.PACT® Admiral® DCB.
The SurVeil DCB pivotal trial will be among the first trials in the U.S. to compare a next-generation DCB with a
commercially-available DCB.
“By providing a head-to-head comparison with today’s market-leading DCB, the TRANSCEND trial will answer clinically important
questions about the relative performance of DCBs,” said Gary Ansel, MD, system medical chief of the Vascular Program at OhioHealth.
“DCB therapy for patients with lower extremity PAD is growing rapidly, and while results have been encouraging there is significant
room for improvement.”
The design of the SurVeil DCB reflects Surmodics’ long-standing industry leadership in the development of surface
technology for vascular medical devices. The device includes a proprietary drug-excipient formulation for the balloon coating and
is manufactured using a proprietary process to improve coating uniformity. Pre-clinical data have shown a three to five times
higher target tissue drug concentration, a more evenly distributed and durable drug effect, and lower incidence of downstream drug
concentrations compared to control DCBs.1
“Surmodics’ expertise and capabilities in surface technology are evident in the design and pre-clinical performance of the
SurVeil DCB,” said Kenneth Rosenfield, MD, Section head, Vascular Medicine and Intervention at Massachusetts General
Hospital and chair of the Surmodics clinical advisory board. “We’re excited about Surmodics’ capability to improve on the
performance of existing DCBs.”
The SurVeil DCB early feasibility study (EFS), conducted in the U.S., met its primary endpoint by demonstrating peak
paclitaxel plasma concentrations post-index procedure. Consistent with pre-clinical data, systemic levels were low and cleared
rapidly. No safety issues attributed to the product have been reported.
“Surmodics’ decision to pursue the EFS in the U.S. demonstrated our confidence in the device and we are excited to be moving
this into the pivotal trial,” said Gary Maharaj, president and CEO of Surmodics. “The next-generation technology in the
SurVeil DCB aims to improve drug transfer and effect on the arterial wall with a lower drug dose and a reduction in the
amount of drug reaching tissue outside the area of treatment. We have been extremely satisfied with our pre-clinical and EFS
results and look forward to working with our investigators in this trial to further evaluate the safety and efficacy compared to
standard-of-care DCB therapy.”
The development of the SurVeil DCB is a major step forward in Surmodics’ strategy to transform from a surface
modification technology company to a provider of whole-product solutions for its medical device customers. In 2015, the company
acquired Creagh Medical, an innovative developer and manufacturer of balloon catheters located in Ireland, and U.S.-based
NorMedix, a manufacturer of differentiated specialty catheter and device delivery systems. Surmodics now has complete capabilities
for design, development and high-volume manufacturing of a wide variety of highly differentiated balloon catheter solutions that
utilize the company’s advanced surface technology.
About the SurVeil DCB Pivotal Trial
The objective of the SurVeil DCB pivotal trial, TRANSCEND, is to evaluate the safety and effectiveness of the device for
treatment of subjects with symptomatic PAD due to stenosis of the femoral and/or popliteal arteries. The clinical study will be
used to support regulatory approvals (U.S. and Europe) and reimbursement.
The trial will enroll up to 446 subjects at approximately 60 sites in the U.S. and 18 outside the U.S. Study participants will
be randomized to receive either treatment with SurVeil DCB or IN.PACT Admiral DCB. The primary efficacy endpoint of the
trial is primary patency, defined as a composite of freedom from restenosis and clinically-driven target lesion revascularization
(TLR) through 12 months post-index procedure. All randomized subjects will be followed through 36 months post-index procedure.
Surmodics expects to initiate enrollment in the TRANSCEND clinical trial in the fourth quarter of calendar 2017.
The trial will be led by national co-principal investigators Kenneth Rosenfield, MD, Section Head, Vascular Medicine and
Intervention at Massachusetts General Hospital, and Gary Ansel, MD, System Medical Chief of the Vascular Program at OhioHealth.
Marianne Brodmann, MD, Substitute Head of the Division of Angiology, Department of Internal Medicine, Medical University of Graz,
Graz, Austria, is the European principal investigator.
The SurVeil DCB is not available for sale in the U.S. and is for investigational use only.
About Peripheral Artery Disease
Worldwide, over 200 million people have PAD,2 a serious and underdiagnosed circulatory condition caused by build-up
of arterial plaque, most commonly in the legs. Twelve to 20 percent of Americans over 60 years old have PAD.3 PAD
increases risk of coronary artery disease, heart attack and stroke, and can impair the ability to walk. If left untreated, PAD can
lead to gangrene and limb amputation.4
About Surmodics, Inc.
Surmodics is the global leader in surface modification technologies for intravascular medical devices and a leading provider of
chemical components for in vitro diagnostic (IVD) tests and microarrays. Following two recent acquisitions of Creagh Medical and
NorMedix, the Company is executing a key growth strategy for its medical device business by expanding to offer total intravascular
product solutions to its medical device customers. The combination of proprietary surface technologies, along with enhanced device
design, development and manufacturing capabilities, enables Surmodics to significantly increase the value it offers with highly
differentiated intravascular solutions designed and engineered to meet the most demanding requirements. With this focus on offering
total solutions, Surmodics’ mission remains to improve the detection and treatment of disease. Surmodics is headquartered in Eden
Prairie, Minnesota. For more information about the company, visit www.surmodics.com. The content of Surmodics’ website is not part of this press release or part of any filings
that the company makes with the SEC.
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements. Statements that are not historical or current facts, including
statements about beliefs and expectations regarding the company’s strategy to transform to a provider of whole-product solutions,
and the timing, impact and success of the clinical evaluation of the SurVeil DCB, are forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties, and important factors could cause actual results to differ
materially from those anticipated, including (1) our ability to successfully develop, obtain regulatory approval for, and
commercialize our SurVeil DCB, and other proprietary products; (2) our ability to achieve expected benefits from our
acquisitions; (3) possible adverse market conditions and possible adverse impacts on our cash flows, and (4) the factors
identified under “Risk Factors” in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended September 30, 2016,
and updated in our subsequent reports filed with the SEC. These reports are available in the Investors section of our website at
www.surmodics.com and at the SEC website at www.sec.gov. Forward-looking statements speak only as of the date they are made, and we undertake no obligation
to update them in light of new information or future events.
1 Surmodics data on file
2 Fowkes FGR, et al. Lancet 2013, 382(9901):1329-1340.
3 Centers for Disease Control and Prevention. Peripheral Arterial Disease (PAD) Fact Sheet. n.d. Web.
4 National Institutes of Health. What is Peripheral Artery Disease? n.d. Web.
Surmodics, Inc.
Andy LaFrence, 952-500-7000
ir@surmodics.com
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