Company Press Releases Back
CytoSorbents Corporation to Exhibit at the Advanced Technology Applications for Combat Casualty Care Conference
Thursday August 4, 2011
MONMOUTH JUNCTION, N.J., Aug. 4, 2011 - CytoSorbents Corporation (OTCBB: CTSO), a critical care focused company using blood purification to treat life-threatening illnesses, announced that it is exhibiting at the Advanced Technology Applications for Combat Casualty Care (ATACCC) Conference to be held at the Marriott Harbor Beach Conference Center in Fort Lauderdale, Florida. CytoSorbents will be exhibiting from August 15-18, 2011 in Booth #60. ATACCC is the Department of Defenses' premier scientific meeting that addresses critical advances in trauma medicine and the unique medical needs of the warfighter (https://www.ataccc.org/). The conference is attended by many of the top national and international military healthcare leaders and physicians and reports on best practices for the treatment of combat related injuries.
Dr. Phillip Chan, Chief Executive Officer and President, commented, "When we exhibited at ATACCC last year, our CytoSorb™ cytokine filter technology generated a lot of interest and enthusiasm, as it was specifically designed to help address the excessive inflammatory component associated with major injuries that our warfighters sustain in combat including polytrauma, infection and sepsis, and burns. This inflammation, driven by cytokine storm, can often lead to multiple organ failure, one of the leading causes of death in critically injured patients. Our clinical trial in sepsis patients and our European regulatory approval for CytoSorb™ have validated the technology as a safe and effective cytokine filter that can be used in life-threatening illnesses. This now opens up many more opportunities for us, particularly for European military applications, which we will actively pursue."
Dr. Chan concluded, "Over the past year, we have also been invited to present our technology to many different groups closely involved in military medicine in the United States. These discussions have prompted us to pursue a number of new applications that have now been progressed to proof-of-concept. These applications are applicable to both the military and civilian populations and represent major new product and potential funding opportunities for the company."
About CytoSorbents and CytoSorb™
CytoSorbents Corporation is a development stage, critical care focused therapeutic device company using blood purification to treat life threatening illnesses such as severe sepsis, the end result of "overwhelming infection," with a novel blood purification device called CytoSorb™. Severe sepsis afflicts more than 1 million people in the United States (U.S.), 1.5 million people in the European Union (E.U.), and an estimated 18 million people worldwide each year, killing one in every three patients despite the best medical treatment. In the U.S., more die from severe sepsis than from either heart attacks, strokes or any single form of cancer. Severe sepsis is typically triggered by bacterial infections like pneumonia, or viral infections like influenza. However, it is the body's abnormal immune response to the trigger that leads to severe inflammation and the unregulated, massive production of cytokines, often called "cytokine storm," that then causes multi-organ failure and often death. CytoSorb™ is a cartridge containing highly porous polymer beads that are designed to filter cytokines and treat potentially fatal cytokine storm. As blood is pumped repeatedly through the CytoSorb™ cartridge using standard dialysis equipment, the beads bind and remove cytokines and other toxins from blood. The treated blood is then returned to the patient. The Company is finalizing its European Sepsis Trial -- a multi-center, randomized, controlled clinical trial using CytoSorb™ and has achieved its targeted enrollment with 100 patients with severe sepsis or septic shock in the setting of respiratory failure. Importantly, cytokine reduction via CytoSorb™ has broad applicability to a number of other critical care diseases where cytokine storm plays a detrimental role, including burn and smoke inhalation injury, trauma, acute respiratory distress syndrome, advanced influenza, acute pancreatitis and others. In March 2011, the Company successfully achieved CE Mark approval to market its CytoSorb™ device as an extracorporeal cytokine filter to be used in clinical situations where excessive cytokine levels exist. CytoSorbents has also achieved ISO 13485:2003 Full Quality Systems certification, an internationally recognized quality standard designed to ensure that medical device manufacturers have the necessary comprehensive management systems in place to safely design, develop, manufacture and distribute medical devices in the E.U. Assuming availability of adequate and timely funding, and continued positive results from our clinical studies, the Company intends to begin commercializing its product in Europe and then seek to commence clinical trials in the U.S. for approval. CytoSorb™ is one of a number of different resins the Company has designed for various medical applications, including improved dialysis, the potential treatment of inflammatory and autoimmune disorders, rhabdomyolysis in trauma, removal of chemotherapy drugs during treatment of cancer with high dose regional chemotherapy, drug detoxification, and others. Additional information is available for download on the Company's website: http://www.cytosorbents.com.
This press release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may differ materially from those expressed or implied by the statements herein. CytoSorbents Corporation and CytoSorbents, Inc believe that its primary risk factors include, but are not limited to: obtaining government approvals including required FDA and additional CE Mark approvals; ability to successfully develop commercial operations; dependence on key personnel; acceptance of the Company's medical devices in the marketplace; the outcome of pending and potential litigation; compliance with governmental regulations; reliance on research and testing facilities of various universities and institutions; the ability to obtain adequate and timely financing in the future when needed; product liability risks; limited manufacturing experience; limited marketing, sales and distribution experience; market acceptance of the Company's products; competition; unexpected changes in technologies and technological advances; and other factors detailed in the Company's Form 10-K filed with the SEC on March 31, 2011, which is available at http://www.sec.gov.
Chief Financial Officer
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Source: CytoSorbents Corporation