Accurexa seeks FDA clearance to market BranchPoint device

Jun 17 2015

Accurexa Inc. (OTCQB: ACXA) a biotechnology company focused on developing and commercializing novel neurological therapies, announced on Monday that it has filed a submission with the U.S. FDA for 510(k) clearance to market its BranchPoint device. The Company's BranchPoint device was invented to deliver therapeutics, such as stem cells, through the radial deployment of a flexible catheter to specific brain target areas through a single brain penetration. The current standard of care is the use of straight, rigid needles which increase the risk of bleeding, stroke or reflux of therapeutics. Accurexa's system helps minimize this risk.

From the financial standpoint, the company is counting on the approval of this product.