MAGNEZIX® implant has been granted designation as a "Breakthrough Device"
The U.S. Food & Drug Administration (FDA), Silver Spring / Maryland, has granted Syntellix's MAGNEZIX® CS 3.2 device and proposed indication for use the designation of a "Breakthrough Device".
In order to receive the Breakthrough Device designation, the MAGNEZIX®-based implant had to meet tough criteria and thus prove that it “provides for more effective treatment or diagnosis of life-threatening or irreversibly debilitating human disease or conditions” and, additionally, that it either “represents breakthrough technology”, “offers significant advantages over existing approved or cleared alternatives” or that its “availability is in the best interest of patients”.
Syntellix CEO and Chairman of the Executive Board Prof. Dr. Utz Claassen commented the breaking news for the company as follows: “We feel very honored by the fact that the institution which we deeply respect as the ’Cathedral’ of regulatory authorities in the world has classified our implant as a ‘Breakthrough Device’, which by definition of the relevant FDA criteria implies more effective treatment of life-threatening or irreversibly debilitating human disease or conditions. The COVID-19 pandemic has brought infection risks into the focus of public interest. Therefore, our products, which naturally avoid implant removal surgeries and related risks, as well as their life-saving character become even more relevant as an elementary building block for healthcare systems worldwide. I am sure that the FDA decision will act as a reference and catalyst for patients, doctors, healthcare providers, and healthcare authorities around the globe."