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"What we have seen in more than 80,000 treatments ... is that it has a significant effect in terms of stabilizing the patient and reversing dangerously low blood pressure that can often cause death and helping improve oxygenation and lung function. And importantly, reducing the overall inflammatory response that is often the main cause of why these patients are dying," Chan told FOX Business' Stuart Varney.
Chan said emergency use authorization allows the product to be commercially available in U.S. hospitals.
Chan said the treatment is a blood purification cartridge that hooks up to standard dialysis and blood pump machines in intensive care units.
The device has been used to treat patients in Europe and 58 other countries around the world, according to Chan.