Juan Manuel Correa has been taken off life support, but doctors now face "a race against time" to address the American driver's severe leg injuries.
Correa was injured in the horrific crash that claimed the life of F2 racer Anthoine Hubert at Spa during the Belgian Grand Prix weekend.
The 20-year-old Sauber junior driver suffered extensive trauma to his lungs and lower legs, and was initially treated in Liège before being transferred to a special intensive care unit in London where he was placed in an induced coma.
The family released on Friday evening the following update on Juan Manuel's condition:
"As of today, Juan Manuel Correa has been removed from the ECMO machine, life support and taken out of induced coma.
"While this is great news and a major step in the right direction, he is still in a race against time.
"Juan Manuel is conscious, but not fully yet awake. Doctors report that this will take a few days due to being in induced coma for more than two weeks.
"They have also stated that Juan Manuel is fragile and still vulnerable medically speaking and that he remains in the Intensive Care Unit. His condition has been upgraded from critical to serious.
"The medical priority for Juan Manuel now shifts from the lungs to the leg injuries that were sustained more than two weeks ago and have not been addressed since the initial emergency intervention the day of the incident.
"Doctors are in a race against time to perform a pending major surgery in order to minimize risk of irreversible injuries to his right lower extremity but can’t proceed until lungs are ready to withstand a lengthy operation.
"Additional details will be provided on Juan Manuel’s condition when available."
Come on JM, you can do it!