VANCOUVER, BRITISH COLUMBIA, Feb. 26, 2010 (Marketwire) -- Pyng Medical Corp. (TSX VENTURE:PYT) today announced the Company has received European CE Mark regulatory clearance to market its new and improved FASTx(TM) Sternal Intraosseous Device, in Europe effective immediately.
The FASTx(TM) Sternal Intraosseous Device is indicated for use in establishing a sternal intraosseous access route in adult and adolescent patients (12 years of age and older) that require vascular administration of drugs or fluids to facilitate emergency resuscitation. FASTx(TM) Sternal Intraosseous Device is the most rapid, reliable and safe alternative to conventional IV infusion providing lifesaving vascular access for fluid and drug resuscitation in shock and trauma victims. The Company's lead clinical product has been re-engineered with an integrated, easy, pull-to-remove infusion tube, light and compact form factor made for single-handed use.
"These improvements were implemented in direct response to feedback from Pyng's key customers based on real life applications on the battlefield, Hospital, and EMS environments," said Robert Di Silvio, President and CEO. "As part of our ongoing commitment to technology innovation we've achieved procedural efficiencies and further enhanced the ease-of-use for our market-leading FAST1(TM) Intraosseous Infusion System. We have now received both Health Canada and CE Mark approvals, and submitted our application for FDA 510K clearance for our next generation FASTx Sternal Intraosseous Device," adds Di Silvio.
About Pyng Medical Corp.
Pyng Medical Corporation is the developer and manufacturer of the proprietary, award-winning FAST1(TM) Intraosseous Infusion System. Pyng was selected in the "2007 TSX Venture 50" Top 10 companies in Life Sciences based on solid financial metrics for the year ending December 31, 2006. With expanding markets in North America, Europe and Asia, the FAST1(TM) has worldwide application for use with hospitals, emergency medical services and military forces.
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