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Echo Therapeutics Announces First Quarter 2012 Financial Results
Date:5/11/2012

PHILADELPHIA, May 11, 2012 /PRNewswire/ -- Echo Therapeutics, Inc. (Nasdaq: ECTE), a company developing its needle-free Symphony® tCGM System as a non-invasive, wireless, transdermal continuous glucose monitoring system and its Prelude® SkinPrep System for transdermal drug delivery, today announced financial results for the quarter ended March 31, 2012.  Echo's Quarterly Report on Form 10-Q as filed with the SEC is available through Echo's website at www.echotx.com.

Recent Corporate Highlights

  • Echo initiated clinical studies of its Symphony tCGM System in critically ill patients in two hospitals.  The company announced positive results from its clinical study conducted at Tufts Medical Center in Boston, Massachusetts.  Data from that study demonstrated that Symphony reliably monitored glucose levels in an intensive care unit.  Results from the second study are expected in the second quarter.
  • Echo announced the issuance of multiple patents that provide its products with long-term market protection.  Echo has obtained 6 U.S. patents and 65 foreign patents, and has 35 U.S. and foreign patent applications pending.
  • "We continue to advance the significant clinical and product development progress we made during 2011, including our recent announcement of positive results from our Symphony trial in critically ill patients at Tufts Medical Center.  We are highly encouraged by the success of the trial and believe Symphony offers a potential to advance the standard of care regarding glycemic control in the hospital critical care setting," commented Patrick T. Mooney, M.D., Chairman and Chief Executive Officer of Echo Therapeutics.  "With several important milestones still ahead, we look forward to increased shareholder value and bringing Symphony closer to commercial
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    SOURCE Echo Therapeutics, Inc.
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