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P L C SYSTEMS AŞ Message Board

  • smlcponly smlcponly Oct 14, 2011 10:34 AM Flag

    FDA Approval of Pivital Study

    I'd be kinda bummed if I were the one who sold 100k shares @.14 a few days ago.

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    • The study design has clearly been modified since the CC. The description has a certain "horse designed by a committee" flavor. The adaptive design anticipates a likelihood of results much less dramatic than those in the Italian studies. I have no clear idea why that should be anticipated: with many centers, operator training is likely to be inferior in the US, but the device is supposed to be easy to use. Is the rate of CIN already lower in the US? I didn't think it was...anyone know?

      I guess that FDA is super-cautious about any test where the operators can't be blinded (both urine output and IV fluid use are important to know real-time to protect the patient). You can swear up and down that the people doing data analysis will be blinded, but I wouldn't believe it with so much at stake; FDA does well to be cautious.

      If the study goes to 600+ patients, I have serious doubts that PLC has sufficient money in place to commercialize RenalGuard afterward.

      • 1 Reply to jacosa
      • This is very good news, jacosa. I also think you are misreading the modified design for the clinical. This is the ONLY horse they got... thinking they just lowered the bar a bit to ensure clearing it.

        BTW, they got another $2M of financing available for post approval marketing.
        Also, what in our US culture even suggests that we'd be any healthier than Italians? They are ALL on the Mediterranean diet ;-)

    • I would be kind of excited if I were the one who picked up those 100k shares at .14 cents. Right Nyles?