regulatory
confidence high
sentiment negative
materiality 0.95
enVVeno receives FDA not-approvable letter for VenoValve PMA
enVVeno Medical Corp
- FDA issued not-approvable letter for VenoValve PMA, citing insufficient benefit-risk profile.
- FDA raised concerns about bias without hemodynamic measurement and safety from open surgical procedure.
- Company reviewing options including resubmission or appeal; continues to work with FDA.
- VenoValve is lead product for severe deep chronic venous insufficiency; no approved effective treatments currently.
- Company also developing non-surgical enVVe valve; expects to apply learnings for its IDE application.
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