Autonomix Medical, Inc. Achieves Design Lock for RF Ablation Catheter Following Successful Completion of Animal Testing, Continuing Progress Toward a U.S. Pivotal Trial in 2025
December 05 2024 - 8:30AM
Autonomix Medical, Inc. (NASDAQ: AMIX) (“Autonomix” or the
“Company”), a medical device company focused on advancing
innovative technologies to revolutionize how diseases involving the
nervous system are diagnosed and treated, today announced the
milestone achievement of design lock for its radio frequency (“RF”)
ablation catheter specifically designed to ablate nerves
transvascularly in targeted areas following the successful
completion of animal testing.
“There continues to be a much-needed shift in
the treatment paradigm for pancreatic cancer patients offering a
reduction of pain and improvement in quality of life. Our
technology has continued to demonstrate the potential to address
this urgent need, and these continued technical achievements enable
us to support a labeling indication to commercialize the Autonomix
Sensing and RF Ablation System in the United States as a treatment
for pancreatic cancer pain,” commented Brad Hauser, CEO of
Autonomix. “This design lock represents a meaningful milestone in
the advancement of our technology development, placing us another
step closer to commencing a pivotal clinical trial, planned in the
second half of 2025, and beyond to potential De Novo clearance. The
preliminary data from our ongoing first-in-human proof-of-concept
study continues to bolster our confidence and demonstrate the
potential of our technology to treat chronic pain. We are pleased
with the continued progress and look forward to further exploring
the potential of our innovative technology.”
With the successful completion of animal testing
and design lock for our RF technology, the Company expects to
submit an IDE and commence its pivotal clinical trial in the second
half of 2025 to support a De Novo application for FDA approval.
Autonomix is building its team and the infrastructure required to
support its clinical and regulatory initiatives in anticipation of
the FDA approval process.
The Company’s first-in-class technology platform
utilizes a catheter-based microchip sensing array antenna that has
the ability to detect and differentiate neural signals with up to
3,000 times greater sensitivity than currently available
technologies. Once target nerves are identified, Autonomix uses its
proprietary RF technology to ablate nerves, enabling a precision
guided sense, treat and verify approach to addressing a number of
disease categories from chronic pain management to hypertension and
cardiology. Current approaches, primarily relying on opioids or
invasive ethanol injections, can provide only limited relief and
may lead to risky side effects.
For more information about the Company’s
technology, please visit autonomix.com.
About Autonomix Medical,
Inc.
Autonomix is a medical device company focused on
advancing innovative technologies to revolutionize how diseases
involving the nervous system are diagnosed and treated. The
Company’s first-in-class platform system technology includes a
catheter-based microchip sensing array that may have the ability to
detect and differentiate neural signals with approximately 3,000
times greater sensitivity than currently available technologies. We
believe this will enable, for the first time ever, transvascular
diagnosis and treatment of diseases involving the peripheral
nervous system virtually anywhere in the body.
We are initially developing this technology for
the treatment of pain, with initial trials focused on pancreatic
cancer, a condition that causes debilitating pain and is without a
reliable solution. Our technology constitutes a platform to address
dozens of potential indications, including cardiology, hypertension
and chronic pain management, across a wide disease spectrum. Our
technology is investigational and has not yet been cleared for
marketing in the United States.
For more information, visit autonomix.com and
connect with the Company on X, LinkedIn, Instagram and
Facebook.
Forward Looking Statements
Some of the statements in this release are
“forward-looking statements,” which involve risks and
uncertainties. Forward-looking statements in this press release
include, without limitation, the potential of the technology to
treat cancerous tumors and the pain associated with pancreatic
cancer, to submit and receive approval of an IDE, and to file a De
Novo application. Such forward-looking statements can be identified
by the use of words such as “should,” “might,” “may,” “intends,”
“anticipates,” “believes,” “estimates,” “projects,” “forecasts,”
“expects,” “plans,” and “proposes.”
Although Autonomix believes that the
expectations reflected in these forward-looking statements are
based on reasonable assumptions, there are a number of risks and
uncertainties that could cause actual results to differ materially
from such forward-looking statements. You are urged to carefully
review and consider any cautionary statements and other
disclosures, including the statements made under the heading “Risk
Factors” and elsewhere in the Annual Report on Form 10-K filed with
the U.S. Securities and Exchange Commission (SEC) on May 31, 2024.
Forward-looking statements speak only as of the date of the
document in which they are contained and Autonomix does not
undertake any duty to update any forward-looking statements except
as may be required by law.
Investor and Media ContactJTC Team, LLCJenene
Thomas908.824.0775autonomix@jtcir.com
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