Stock Monitor: BioLife Solutions Post Earnings Reporting
LONDON, UK / ACCESSWIRE / May 16, 2018 / If you want access to our free research report on Milestone Scientific, Inc. (NYSE: MLSS), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MLSS as the Company's latest news hit the wire. On May 14, 2018, the Company announced that it has inked an agreement with a leading Midwestern distributor and other distributors to promote the sale of CompuFlo® Epidural System in the United States. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Milestone Scientific Decided to Pursue a Decentralized Sales Strategy Employing Regional Distributors
Leonard Osser, Interim Chief Executive Officer of Milestone Scientific, stated that after careful evaluation of various options, the Company decided to pursue a decentralized sales strategy employing regional distributors with strong physician relationships within their respective territories and clinical specialties. According to Leonard, Milestone Scientific is targeting distributors with highly specialized sales forces that have the ability to both educate and inform anesthesiologists on the clinical benefits of the CompuFlo® Epidural System.
Leonard added that at the same time, the Company has entered into the first such agreement with a leading distributor that brings very strong relationships with key opinion leaders and anesthesia providers across key markets in the Midwest. Milestone Scientific is now in discussions with other distributors nationwide and looks forward to announcing similar agreements in the coming weeks and months as it develops its sales channels in advance of having the results of the clinical trials published in select industry journals later this year.
Milestone Scientific Received 510(k) FDA Clearance for CompuFlo® Epidural Instrument
In June 2017, the CompuFlo® Epidural Computer Controlled Anesthesia System received 510(k) clearance from the US Food and Drug Administration (FDA). Clearance from the FDA is considered globally to be the regulatory gold standard in premarket review. The clearance was supported by the COMPASS Study (CompuFlo® Assessment Study), which was a prospective, randomized, controlled, parallel group, multicenter, pivotal study to assess the safety and effectiveness of epidural space verification with the CompuFlo® Epidural Instrument. The overall results of the COMPASS study demonstrated that the CompuFlo® Epidural could serve as an everyday epidural needle placement confirmation solution.
About CompuFlo® Epidural System
The CompuFlo Epidural's pressure sensing technology provides an objective tool for medical professionals to consistently and accurately identify the epidural space. Knowing the precise location of a needle during an epidural injection procedure provides a measure of safety not presently available to doctors using conventional syringes, who rely on their subjective perception to identify the epidural space. The CompuFlo® Epidural incorporates Milestone Scientific's patented DPS Dynamic Pressure Sensing Technology®. It differentiates tissue types for the medical professional via visual and audio feedback, leading to precise location guidance as the needle advances toward the intended area.
About Milestone Scientific, Inc.
Founded in 1989 and headquartered in Livingston, New Jersey, Milestone Scientific is a biomedical technology research and development company that patents, designs, develops, and commercializes innovative diagnostic and therapeutic injection technologies and instruments for medical, dental, cosmetic, and veterinary applications.
Stock Performance Snapshot
May 15, 2018 - At Tuesday's closing bell, Milestone Scientific's stock ended the trading session flat at $0.69.
Volume traded for the day: 16.67 thousand shares.
After yesterday's close, Milestone Scientific's market cap was at $22.25 million.
The stock is part of the Healthcare sector, categorized under the Medical Instruments & Supplies industry.
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