regulatory
confidence high
sentiment neutral
materiality 0.80
FDA upholds DrugSorb-ATR De Novo denial but offers path forward
Cytosorbents Corp
- FDA appeal decision found no safety issues with DrugSorb-ATR but upheld the prior De Novo denial.
- FDA proposed a potential path to market authorization; Company discussing details with the Agency.
- Another appeal avenue with CDRH Director is available within 30 days; Company evaluating.
- CEO states resolution of majority of outstanding issues; device remains an FDA Breakthrough Device.