Echo Therapeutics Initiates CE Mark Clinical Trial of its Symphony® CGM System

Echo Therapeutics Initiates CE Mark Clinical Trial of its Symphony® CGM System

PR Newswire

PHILADELPHIA, June 5, 2013

PHILADELPHIA, June 5, 2013 /PRNewswire/ --Echo Therapeutics, Inc. (Nasdaq:
ECTE), a company developing its needle-free Symphony^® CGM System as a
non-invasive, wireless continuous glucose monitoring system, today announced
that it is initiating a multi-center clinical trial of its Symphony CGM System
to support a CE Mark Technical File for marketing approval in Europe. The
Company expects to enroll patients over the coming weeks and announce the
results of the study in the third quarter of 2013.

(Logo: http://photos.prnewswire.com/prnh/20120801/NE50071LOGO )

"This clinical study is a milestone event for Echo Therapeutics and we are
extremely excited to begin recruitment of patients for enrollment in the
trial. It is the final step before the submission of the CE Mark Technical
File for potential market clearance and ensuing European commercial launch of
Symphony," commented Patrick T. Mooney, M.D., Chairman and CEO of Echo
Therapeutics. "We look forward to providing updates in the near-term as we
move toward our goal of making Symphony available to patients."

The clinical study is designed to evaluate the safety and efficacy of the
Symphony CGM System in a hospital setting. Glucose data will be collected
from thirty-two (32) critically ill patients at four U.S. medical
institutions. The Symphony CGM System glucose readings will be paired with
reference blood glucose measurements taken from a YSI 2300 STAT Plus Glucose
Analyzer.

About Echo Therapeutics

Echo Therapeutics is developing the Symphony CGM System as a non-invasive,
wireless continuous glucose monitoring system. Our target is patients who
could benefit from glucose monitoring in the hospital setting, including
critical care. Significant opportunity also exists for patients with diabetes
to use Symphony in the outpatient setting. Echo is also developing its
needle-free skin preparation component of Symphony, the Prelude^® SkinPrep
System, as a platform technology to enhance drug delivery of topical
pharmaceuticals.

Cautionary Statement Regarding Forward Looking Statements

The statements in this press release that are not historical facts, including
statements regarding the timing of patient enrollment and the announcement of
study results, may constitute forward-looking statements that are based on
current expectations and are subject to risks and uncertainties that could
cause actual future results to differ materially from those expressed or
implied by such statements. Those risks and uncertainties include, but are not
limited to, risks related to the timing of patient enrollment, regulatory
approvals and the success of Echo's ongoing studies, including the safety and
efficacy of Echo's Symphony CGM System, the failure of future development and
preliminary marketing efforts related to Echo's Symphony CGM System, Echo's
ability to secure additional commercial partnering arrangements, risks and
uncertainties relating to Echo's and its partners' ability to develop, market
and sell the Symphony CGM System, the availability of substantial additional
equity or debt capital to support its research, development and product
commercialization activities, and the success of its research, development,
regulatory approval, marketing and distribution plans and strategies,
including those plans and strategies related to its Symphony CGM System. These
and other risks and uncertainties are identified and described in more detail
in Echo's filings with the Securities and Exchange Commission, including,
without limitation, its Annual Report on Form 10-K for the year ended December
31, 2012, its Quarterly Reports on Form 10-Q, and its Current Reports on Form
8-K. Echo undertakes no obligation to publicly update or revise any
forward-looking statements.

For More Information:
Christine H. Olimpio
Director, Investor Relations and Corporate Communications
(215)
717-4104

Connect With Us:
- Visit our website at www.echotx.com
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SOURCE Echo Therapeutics, Inc.

Website: http://www.echotx.com
 
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