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Milestone Scientific Inc. reports developments tied to computerized drug delivery instruments for dental and medical applications. The company’s Dynamic Pressure Sensing technology supports pressure-guided injection and fluid-aspiration procedures, including dental anesthesia delivery through The Wand STA system and medical applications such as CompuFlo for controlled epidural injections.
Recurring news themes include financial results, business-update calls, commercialization programs, physician and dental-practice adoption, distributor and reimbursement infrastructure, international product registrations, disposable utilization, operating expense initiatives, and capital actions involving common stock and warrants.
Milestone Scientific (MLSS) reported a 78% revenue increase in Q4 2020 compared to Q3, totaling approximately $1 million. Despite the impact of COVID-19, the company managed to reduce its net loss to approximately $(7.3) million or $(0.12 per share. Revenue for 2020 was $5.4 million, down from $8.3 million in 2019. The company is expanding its dental distribution network and has begun commercial efforts with the CompuFlo Epidural Instrument, focusing on high-margin disposable components and positive responses from hospitals. Cash reserves exceed $14 million.
Milestone Scientific Inc. (NYSE American: MLSS) announced a conference call scheduled for April 1, 2021, at 4:30 p.m. ET. The call will address the company's financial results for the year ending December 31, 2020, alongside updates on corporate progress and developments. U.S. callers can dial 1-877-407-0778, while international callers should use 201-689-8565. An audio replay will be accessible until April 15, 2021. The company specializes in computerized drug delivery systems aimed at making injections virtually painless. For further details, visit their website.
Milestone Scientific Inc. (NYSE: MLSS) announces that CEO Arjan Haverhals will present at the Q1 Virtual Investor Summit on March 24, 2021, at 11:00 AM ET. The summit will be held from March 23-25 and connects smallcap and microcap companies to investors. The event features 100 companies and over 300 investors. Milestone Scientific specializes in computerized drug delivery technologies, ensuring precise and virtually painless injections. For registration details, visit www.investorsummitgroup.com.
Milestone Scientific (NYSE American: MLSS) has received a Notice of Allowance from the European Patent Office for its innovative CompuFlo instrument, which combines minimum intensity of nerve stimulation and real-time injection pressure monitoring. This technology aims to improve ultrasound-guided peripheral nerve block (PNB) procedures by enhancing needle tip location and reducing injury risks. Developed in collaboration with experts, this advancement positions Milestone for growth in the PNB market, relevant for surgical and postoperative analgesia, with similar patent applications underway in the U.S.
Milestone Scientific (NYSE American:MLSS) has commenced the sale of its CompuFlo® / CathCheck™ disposables to the Medical University of South Carolina (MUSC), the top-ranked hospital in South Carolina. President Arjan Haverhals highlighted that this follows extensive testing by MUSC's team, reflecting a positive reception of the technologies. The CompuFlo system is noted to decrease epidural punctures and save time for anesthesiologists, while the CathCheck technology enhances catheter placement confirmation efficiency. These innovations may offer economic advantages for healthcare institutions.
Milestone Scientific Inc. (MLSS) announced a Notice of Allowance from the USPTO for its new CompuPulse System, which integrates the company's CompuWave™ technology with a manual syringe.
This development aims to enhance drug delivery safety and efficiency by verifying needle and catheter placement, thereby expanding the company's intellectual property and market reach. The CompuPulse System provides a cost-effective alternative for procedures that do not require advanced technology, while ensuring reliable confirmation during injections.
Milestone Scientific (NYSE:MLSS) announced its entry into the German market with the sale of the CompuFlo Epidural Instrument to the University Hospital of Würzburg. This agreement highlights the increasing recognition of the CompuFlo technology, which aims to enhance safety in epidural procedures by reducing accidental dural punctures. The company's leadership expressed optimism about expanding its global presence and accelerating commercialization efforts following this initial order from a prestigious European medical institution.
Milestone Scientific Inc. (MLSS) announced the expansion of its distributor network, signing agreements with Goetze Dental, Midwest Dental Equipment & Supply, and Scott's Dental in the U.S., along with Dental Fix Canada. This growth follows a rapid increase in partnerships, bringing the total to eight distributors in North America in less than a month. CEO Arjan Haverhals indicated that this strategy strengthens their position in the dental market, allowing for accelerated efforts in new global markets.
Milestone Scientific (NYSE: MLSS) announced its participation in the virtual Winter Wonderland Conference, hosted by The MicroCap Rodeo, from February 16th to 19th, 2021. The company’s Interim CEO Leonard Osser and President Jan Adriaan Haverhals will present on February 16th at 3:00 PM ET. The conference features top investment ideas and allows for one-on-one video meetings with qualified institutional investors. Milestone specializes in advanced injection technologies aimed at improving efficiency and patient comfort.
Milestone Scientific Inc. (MLSS) announced two new distribution agreements with Atlanta Dental and Nashville Dental for its Wand® Single Tooth Anesthesia (STA) System. This expands its distribution network in the U.S. to four independent distributors within a month, demonstrating growing market demand for its dental instruments. CEO Arjan Haverhals emphasized the significance of these distributors in boosting sales and supporting dental practices. The company aims to implement a three-year strategy to expand globally and enhance marketing efforts for future growth.