More fun with Echo (ECTE)

Here’s a link to the original 510(k) letter from the FDA to Sontra (nka Echo) from August, 2004: http://www.accessdata.fda.gov/cdrh_docs/pdf4/K040525.pdf

The device, at the time called SonoPrep is intended to be used with 4% lidocaine.

Based on the author’s review of SONT/ECTE’s filings, this device, which has been cleared for sale since 2004 generated the following revenues for ECTE:

2009: $0
2008: $0
2007: $12k
2006: $40k
2005: $171k
Total: $223k

This technology has generated, life to date, $223,000.00. The idea that the same technology, for the same application, under a new name, “Prelude” as opposed to “SonoPrep” will be any more successful is absurd.  That is not an idea I would be buying.

The content contained in this blog represents only the opinions of the author. The author may hold either long or short positions in securities of various companies discussed in the blog. This commentary in no way constitutes investment advice, and should never be relied on in making an investment decision, ever. This blog is not a solicitation of business: all inquiries will be ignored. The content herein is intended solely for the entertainment of the reader, and the author.
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