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Echo Therapeutics Announces Third Quarter 2011 Financial Results
Date:11/8/2011

PHILADELPHIA, Nov. 8, 2011 /PRNewswire/ -- Echo Therapeutics, Inc. (Nasdaq: 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 results for the third quarter and nine months ended September 30, 2011.  Echo's Quarterly Report on Form 10-Q is available through Echo's website at www.echotx.com.

Recent Corporate Highlights:

  • Echo added key executives to its management team as part of the company's plan to accelerate development of the Symphony tCGM System and other new products.  In August 2011, Marshall ("Mac") Deweese joined Echo as Senior Vice President of Operations and in October 2011, Samir Farah joined the company as Vice President of Product Development.  
  • Echo received registered trademarks for SYMPHONY and PRELUDE, as used with Echo's tCGM system and mechanical skin ablator, respectively.  Echo also received two issued patents covering its Symphony tCGM System. These new patents join eleven U.S. patents and twenty-eight foreign patents already held by Echo.
  • Echo initiated a clinical trial of the Symphony tCGM System in September 2011.  The Company announced positive data from this trial indicating that Symphony successfully monitors patient glucose levels and continues to demonstrate improvements in clinical performance.

  • "As anticipated, much of the third quarter has been focused on the aggressive product development and testing of the Symphony system as exemplified by the favorable clinical trial results and the addition of experienced senior management in operations and product development.  Additionally, the receipt of new patents and registered trademarks for Symphony and
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    SOURCE Echo Therapeutics, Inc.
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