May 23, 2013 6:20 AM ET

Healthcare Equipment and Supplies

Company Overview of FzioMed, Inc.

Company Overview

FzioMed, Inc., a medical device company, develops, manufactures, and commercializes biomaterial technology for use in surgery and other medical applications. It offers adhesion barrier gels for spine surgery as an adjunct to posterior lumbar laminectomy, laminotomy, or discectomy procedures for reducing pain, radiculopathy, and lower extremity weakness; and the incidence, extent, and severity of postoperative adhesions. The company also provides adhesion barrier gels for tendon and peripheral nerve surgery to coat surgically traumatized tissues during tendon and/or peripheral nerve surgeries, such as in foot, knee, shoulder, and hand surgery. In addition, FzioMed, Inc. offers absorbable adhe...

Detailed Description

231 Bonetti Drive

San Luis Obispo, CA 93401

United States

Founded in 1996

Phone:

805-546-0610

Fax:

805-546-0571

www.fziomed.com

Key Executives for FzioMed, Inc.

Chief Executive Officer and President
Age: 60
Founder and Executive Chairman
Vice President of Clinical Affairs
Age: 67
Vice President of Research and Development
Vice President of Sales
Compensation as of Fiscal Year 2012.

FzioMed, Inc. Key Developments

FzioMed Receives Approval for Dynavisc(R) in Australia

FzioMed announced the inclusion of Dynavisc on the Australian Register of Therapeutic Goods (ARTG). Dynavisc is an absorbable, clear, viscoelastic gel that is applied to tendons and peripheral nerves to reduce fibrosis and the formation of adhesions following surgery. Dynavisc received a CE mark in January 2012 and is sold in the EU through independent distributors. Dynavisc, is a sister product to Oxiplex(R) and Medishield(TM) (distributed by Medtronic), which have been marketed for more than ten years in 70 countries to reduce the incidence of adhesions and for the reduction of pain after spine surgery. Oxiplex is not yet approved in the United States despite having demonstrated safety and effectiveness in clinical studies involving more than 500 patients. A Citizen Petition under 21 CFR 10.33 is still under review by FDA.

FzioMed, Inc. Receives Approval for Oxiplex(R) in Russia

FzioMed, Inc. announced the approval of Oxiplex in Russia. Oxiplex is an absorbable, clear, viscoelastic gel that is applied during lumbar spine surgery immediately prior to wound closure. Based on four studies involving more than 500 patients, and nearly 10 years of commercial use benefitting more than 300,000 patients outside the U.S., Oxiplex has proven itself to be an effective surgical adjuvant that significantly reduces the effects of Failed Back Surgery Syndrome (FBSS) such as leg pain and neurological symptoms following surgery. After a rigorous process in the large country in the world, the Roszdravnadzor regulatory body has approved the sale of Oxiplex to physicians so that patients can experience the well-documented benefits of this adjunct to lumbar spine surgery. Oxiplex is not yet approved in the United States despite having demonstrated safety and effectiveness in clinical studies involving more than 500 patients. A Citizen Petition under 21 CFR 10.33 is still under review by FDA.

FzioMed, Inc. Files Citizen Petition with Commissioner of FDA for Reconsideration of Denial of Approval of Premarket Approval Application

FzioMed has filed a petition for reconsideration with the U.S. Food and Drug Administration, under Section 515(g)(2)(a) of the Food Drug Cosmetic Act, Section 562 of the FD&C act and Part 10.33 of Title 21 Code of Federal regulations, which denied approval of its premarket approval application (PMA) for Oxiplex(R) Gel. Oxiplex is an absorbable, clear, viscoelastic gel that is applied during lumbar spine surgery immediately prior to wound closure. Based on four studies involving more than 500 patients, and nearly 10 years of commercial use benefitting more than 300,000 patients outside the U.S., Oxiplex has proven itself to be an effective surgical adjuvant that significantly reduces the effects of Failed Back Surgery Syndrome (FBSS) such as leg pain and neurological symptoms following surgery. Available in nearly 70 countries, including those in the European Union, Australia, Canada, Brazil, Mexico and South Korea, the United States is the only country to deny an application for approval of Oxiplex.

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