Cerapedics Completes Enrollment of Pivotal U.S. FDA IDE Study for its P-15L Bone Graft

WESTMINSTER, Colo., Feb. 24, 2022 /PRNewswire/ -- Cerapedics Inc., an ortho-biologics company dedicated to enhancing the science of bone repair, announced today the completion of enrollment of the ASPIRE study, a pivotal U.S. Food and Drug Administration (FDA) Investigational Device Exemption (IDE) study, to evaluate the safety and efficacy of P-15L Bone Graft for use in transforaminal lumbar interbody fusion (TLIF) surgery in patients with degenerative disc disease (DDD). Results from the study are intended to be used in a Premarket Approval (PMA) submission to the FDA.

"This study was designed for non-inferiority in a composite endpoint, but also to determine whether P-15L Bone Graft provides faster fusion versus autograft and, thus, determine the potential clinical benefits to patients undergoing TLIF procedures. We look forward to the maturation of the data and our ability to present it," said Dr. Paul Arnold, principal investigator of the study. 

The P-15L Peptide Enhanced Bone Graft, which has been granted Breakthrough Device Designation by the FDA, is Cerapedics' next-generation P-15 technology platform candidate. The ASPIRE study is a prospective, single-blinded, multi-center, randomized, non-inferiority pivotal IDE study to evaluate the safety and efficacy of P-15L Bone Graft compared to the use of an autologous bone graft in TLIF surgery. The study involves 290 subjects, including high-risk patients, across 36 clinical trial sites in the U.S.

Medical and economic outcomes will be evaluated at six months and through a 2-year follow-up with a Bayesian statistical approach for a composite endpoint of fusion, Oswestry Disability Index (ODI), neurological success, and safety success.

"We want to thank all the patients, investigators, and their research teams who are participating in the ASPIRE study. Their hard work and dedication have resulted in a timely enrollment amid challenging circumstances presented by the COVID-19 pandemic. This speaks volumes about the interest to investigate the potential clinical benefits of the P-15L Bone Graft," said Glen Kashuba, Chief Executive Officer of Cerapedics.

"An indication for the use of P-15L Bone Graft in lumbar spine fusion would unlock a significant addressable market expansion opportunity that represents 80% of the total bone graft market. With the completion of the enrollment phase, we look forward to shifting to the follow-up phase of the study in anticipation of submitting the clinical data to FDA under a PMA application," said Jeff Marx, President and Chief Operating Officer of Cerapedics.

About Cerapedics
Cerapedics is an ortho-biologics company focused on developing and commercializing its proprietary small peptide (P-15) technology platform. i-FACTOR Peptide Enhanced Bone Graft is the only biologic bone graft in orthopedics that incorporates a small peptide as an attachment factor to stimulate the natural bone healing process. This novel mechanism of action is designed to support safer and more predictable bone formation compared to commercially available bone growth factors. More information can be found here.

In the United States, P-15L Bone Graft is an Investigational Device limited by Federal Law to Investigational Use only. P-15L Bone Graft is commercially available in Canada.

Media Contact:
John Tattory
CFO, Cerapedics inc.
media@cerapedics.com
(720) 712-1730

Investor Contact:
Philip Taylor
IR, Gilmartin Group
Philip@gilmartinir.com
(415) 937-5406

SOURCE Cerapedics Inc.