Obalon Gas-Filled Balloon Not Subject of Fourth FDA Letter to Health Care Providers Related To Serious Risks, Including Death, With Liquid-Filled Intragastric Balloons
OBALON THERAPEUTICS (OBLN)
Last obalon therapeutics earnings: 11/8 07:15 am
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Source: GlobeNewswire
SAN DIEGO, April 28, 2020 (GLOBE NEWSWIRE) -- Obalon Therapeutics, Inc. (NASDAQ:OBLN), a vertically integrated medical technology company with the first and only FDA-approved swallowable, gas-filled intragastric balloon system for the treatment of obesity provided further clarification that it’s gas-filled balloon is not the subject of the April 27, 2020 letter issued by the FDA to health care providers warning of serious potential risks, including deaths, associated with the use of liquid-filled intragastric balloons. The Obalon swallowable, gas-filled balloon system utilizes a very different design and technology than the liquid-filled balloons cited now in four FDA letters to health care providers. The Obalon balloon is filled with a proprietary patented blend of gases, not simply air, making it light and buoyant and allowing it to reside in the upper portion of the stomach. Additionally, the Obalon balloon is constructed of novel, patented polymers that are designed to be sem
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