Theraclion Aktie

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WKN DE: A112C8 / ISIN: FR0010120402

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20.05.2014 19:33:00

Echotherapy specialist Theraclion performed its first two non-invasive treatments of benign breast tumors in the U.S.

Regulatory News:

Theraclion (Alternext, FR0010120402 - ALTHE, PEA PME-eligible), a company specialized in advanced medical equipment for echotherapy, announces the realization of the first treatments of breast fibroadenoma with the Echopulse® device in the United States. Last February the U.S. Food and Drug Administration granted the company an IDE (Investigational Device Exemption), allowing it to conduct this clinical trial, which is the first step toward obtaining the PMA (Premarket approval) in the United States.

Jointly conducted with the University of Virginia, U.S., the study aims to collect data on the safety and efficacy of the Echopulse® for the indication of breast fibroadenoma. The Echopulse® is a high-tech device, combining ultrasound imaging and therapeutic intervention through high-intensity focused ultrasound (HIFU).

Performed on two American female patients, the treatment was carried out jointly by doctors David Brenin and Carrie Rochman in the outpatient unit of the university radiology department. Both procedures were performed in less than an hour, with the patients under conscious sedation.

"The treatment of the first two patients participating in this clinical trial in the United States went very well. The Echopulse® device is easy to use, and the patients responded well to the treatment. The two patients were able to return home shortly after the procedure,” declared Dr. Brenin, associate professor of surgery at the University of Virginia, U.S.

The feasibility study will enroll altogether 20 patients suffering from breast fibroadenoma. Following the procedure, the patients will be monitored for a six-month period in order to measure the progressive size reduction of the tumors as well as the rate of the symptoms disappearance. This first study will be followed by a pivotal multicenter study, whose outcomes will be the main deciding factor in the Food and Drug Administration marketing approval of the Echopulse® in the United States.

Benign breast tumors constitute a growing percentage of detected breast pathologies and we estimate that 10% of women will develop a fibroadenoma in their lifetime. A market survey of the diagnosis and therapy of breast tumors (performed by Life Science Intelligence in 2007) showed that over 1,300,000 million cases of breast fibroadenoma were diagnosed in 2006. More than 50% of them needed therapeutic excision. The same survey estimated that 1,490,000 million cases of breast fibroadenoma would be diagnosed in 2012.

The Echopulse® opens up a new era in the treatment of breast fibroadenoma without significant side effects for the patient. The removal is scarless and non-invasive. The absence of postoperative infection is ensured by the absence of skin damage. This outpatient procedure is performed under local anesthesia or conscious sedation, enabling patients to immediately resume their normal activities. The flexibility of the process and the absence of hospitalization can reduce costs and optimize care management.

The Echopulse® technology is already marketed in the European Union and has been awarded the CE label for the treatment of breast fibroadenoma and benign thyroid nodules. It is thus entitled to an upcoming marketing in the Middle East, Africa and some countries in Asia and Latin America.

"We are delighted by the excellent launch of this study. In Europe, more than a hundred treatments of breast fibroadenoma with the Echopulse® have already been successfully performed. This first clinical study in the United States is a key step toward commercializing the Echopulse® in the North American market,” explained Stefano Vagliani, CEO of Theraclion.

About Theraclion

Based in Paris, Theraclion is an echotherapy specialist and leader in non-invasive treatment of benign tumours with high-intensity focused ultrasound (HIFU) guided by real-time ultrasound imaging. The company has developed a medical device (Echopulse®) that combines advanced ultrasound imaging and HIFU therapy. Theraclion is ISO 13485 certified and has received the CE mark for non-invasive ablation of breast fibroadenomas and thyroid nodules. A full 70% of its 19-strong team are dedicated to R&D and clinical trials. For more information visit www.theraclion.com

Theraclion is listed on Alternext Paris
PEA-PME Eligible
Mnemonic: ALTHE - ISIN Code: FR0010120402

This is a promotional document, not a prospectus as defined by Directive 2003/71/CE of the European Parliament and the Council of 4 November, 2003 amended by Directive 2010/73/UE of the European Parliament and the Council of 24 November, 2010, and implemented in each Member State of the European Economic Area (the "Prospectus Directive").

This report is not, and cannot be considered to be equivalent to a public offering, an offer of sale or subscription, or a solicitation of interest from the public for the purpose of a public offering of financial securities. The dissemination of this report in certain countries may constitute a violation of current legal provisions. No offering of shares has been made, or will be made, in France, prior to obtaining the AMF's approval of the prospectus. It consists of the Document de Base, which is the subject of this report, and the offering circular that will be submitted to the AMF at a later date.

In particular, this document does not constitute an offer for the sale or the subscription of Theraclion shares in the United States. These marketable securities cannot be offered or sold in the United States without a registration or an exemption from registration under the US Securities Act of 1933, amended (the "US Securities Act), with the specification that Theraclion's marketable securities have not been, and will not be, registered under the US Securities Act and that Theraclion has no intention of proceeding with a public offering of marketable securities in the United States.

For the Member States of the European Economic Area who have implemented the Prospectus Directive (each being known as a "Relevant Member State"), no action has been taken, or will be taken, to facilitate a public offering of securities requiring the publication of a prospectus in any of the Relevant Member States, other than France. Consequently, any new or existing shares offering by Theraclion can only be achieved in any of the Relevant Member States, other than France, for the benefit of (i) legal entities that are qualified investors as defined by the Prospectus Directive, (ii) of less than 150 natural persons or legal entities (other than qualified investors as defined by the Prospectus Directive), as permitted by the Prospectus Directive; or, under any scenario exempting the Company from publishing a prospectus in accordance with Article 3(2) of the Prospectus Directive and/or regulations applicable in the Relevant Member State, provided that such a new or existing shares offering by the Company does not generate a new obligation for the Company to publish a prospectus in application of Article 3 of the Prospectus Directive or a supplement to the prospectus in accordance with Article 16 of the Prospectus Directive. For the purposes of this paragraph, the expression, "public offering" of new or existing shares of the Company in any Relevant Member State means any communication addressed to persons, in any form and by any means, and providing sufficient information as to the terms and conditions of the offering of new or existing share of the Company, to enable an investor to decide to subscribe to, or purchase these new or existing shares of the Company, in the manner in which this definition was, if applicable, modified within the Member State in question by any measure intended to implement the Prospectus Directive in this particular Member State.

In the United Kingdom, this document does not constitute an approved prospectus as defined by Article 85 of the Financial Services and Markets Act 2000, amended (the "FSMA"). It has not been prepared in accordance with Prospectus Rules issued by the UK Financial Services Authority (the "FSA") in application of Article 73A of the FSMA and has not been approved or filed with the FSA or any other competent authority under the requirements of the Prospectus Directive. The new or existing shares of the Company cannot be offered or sold to the public in the United Kingdom (as defined by Articles 85 and 102B of FSMA), except under a scenario in which it would be in compliance with the law to do so without making an approved prospectus available to the public (as defined by Article 85 of FSMA) prior to the offering taking place. This document is solely intended for individuals who (i) have the professional investment experience mentioned in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the "Financial Promotion Order"), (ii) are mentioned in Article 49 (2)(a) in (d)("high net worth bodies corporate, unincorporated associations etc") of Financial Promotion Order, (iii) are physically outside the United Kingdom, or (iv) to whom an invitation or incentive to engage in an investment activity (as defined by Article 21 of the FSMA) regarding the issuance or the sale of securities may be legally communicated by a person other than the authorised individual, as defined by Article 31 of the FSMA, and, when the contents of the communication in question has not been approved as required by Article 21 of the FSMA, by such an authorised person (all persons being known aggregately as the "Qualified Person"). This document is solely intended for Qualified Persons and must not be used by persons who are not Qualified Persons. Any investment or investment activity to which this document refers is accessible only to Qualified Persons and can only be offered or concluded with Qualified Persons.

This document contains statements of expected outcomes. No guarantee can be given as to the fulfilment of these expected outcomes, which are subject to risks such as, in particular, those described in Chapter 4 of the Document de Base referenced in this report.

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