Lifeline Biotechnologies Expects FDA Consulting Firm's Report
03 Mayo 2010 - 12:20PM
Business Wire
Lifeline Biotechnologies, Inc. (Pink Sheets: LLBO) today
reported expectations of its FDA consultant’s report by the middle
of this month. The anticipation is based on the commitment by
Lifeline’s FDA consulting firm.
Jim Holmes, Lifeline's CEO, said, “This past January we retained
an FDA consulting firm to review our clinical processes and our
software systems in order to ensure compliance with FDA
verification and validation requirements. We have been working
closely with these consultants, providing the information they have
requested. The firm has concluded its study for Lifeline’s
regulatory strategy and is preparing their findings in a report to
be delivered shortly. This firm was retained to the review the
existing product, the clinical trial records, as well as the
intended use and marketing claims of our First Warning System™. The
overall task of the consulting firm is to define a regulatory
strategy for the First Warning System™ to obtain product
commercialization.”
Doctor Louis Keith, Lifeline’s Vice President and Medical
Director, said, “We are eager to receive the consultant’s report.
From this study our expectation is to prepare and submit an
application to the FDA for a 510(k) marketing clearance.”
Safe Harbor: This release includes forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 27E of the Securities Act of 1934. Statements contained in
this release that are not historical facts may be deemed to be
forward-looking statements. Investors are cautioned that
forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected
or suggested herein due to certain risks and uncertainties
including, without limitation, the ability to obtain financing,
successful development of the Company's product or market
acceptance of the product and regulatory and shareholder approval
for anticipated actions.
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