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Echo Therapeutics Announces Symphony™ tCGM System Progress
Date:5/23/2011

PHILADELPHIA, May 23, 2011 /PRNewswire/ -- Echo Therapeutics, Inc. (OTCBB: ECTE), a company developing the Symphony™ tCGM System as a non-invasive, wireless, transdermal continuous glucose monitoring (tCGM) system and the Prelude™ SkinPrep System for transdermal drug delivery, announced that it has received the key components of its next generation Symphony tCGM System design.  This newly-engineered design is currently undergoing its final functionality testing.

The updated Symphony System will be ready for demonstration in the very near-term.  Importantly, it will be further tested in a final series of clinical trials shortly thereafter, replacing the prototype used in earlier clinical trials.  

This next generation design incorporates numerous technological advances required to meet market expectations for system accuracy, manufacturability and product cost.  Echo believes that upon completion of the final development work, no significant changes will be made to the Symphony tCGM System, and that the newly-engineered device will be used for sale, subject to positive clinical studies and FDA market clearance of the product.  The addressable market for needle-free, continuous wireless glucose monitoring in the hospital critical care setting exceeds $1 billion annually and the global glucose monitoring market exceeds $12 billion annually.

"We are excited to commence what we hope are the final series of modifications and testing as we move closer to our goal of a pivotal study which would form the basis of our application to the FDA for marketing clearance of the product-candidate," said Patrick T. Mooney, M.D., Chairman and CEO of Echo Therapeutics.  "We look forward to an exciting year of development progress and validating the improvements that we have made in clinical testing."  

The Symphony tCGM System consists of Echo's proprietary Prelude SkinPrep System, with a noninvasive w
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SOURCE Echo Therapeutics, Inc.
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