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Milestone Scientific, Inc. - MLSS STOCK NEWS

Welcome to our dedicated page for Milestone Scientific news (Ticker: MLSS), a resource for investors and traders seeking the latest updates and insights on Milestone Scientific stock.

Milestone Scientific, Inc. (NASDAQ: MLSS) is a pioneering company in the field of medical and dental anesthesia. The company focuses on the development, manufacture, marketing, and sale of computer-controlled local anesthetic delivery (C-CLAD) systems designed to provide improved and painless local anesthetic delivery. These systems are marketed under various trademarks for different applications. For dentistry, the products are known as CompuDent™ and STA™ (Single Tooth Anesthesia) System. These innovative devices allow for painless injections during a wide range of dental procedures, from routine cleanings to complex surgeries involving implants, root canals, and crowns.

For medical applications, Milestone Scientific offers similar technology under the CompuMed™ trademark. Their products are used across various medical disciplines, including plastic surgery, hair restoration surgery, podiatry, colorectal surgery, dermatology, and orthopedics. The company's advanced anesthetic delivery systems are sold both in the United States and in over 25 countries worldwide, highlighting their global reach and impact.

Besides their core product offerings, Milestone Scientific also provides The Wand™, a handpiece that allows for almost painless injections, enhancing patient comfort significantly.

The firm's operations are divided into two main segments: Dental and Medical. Geographically, all operations are concentrated in the United States, but their products are influential on a global scale.

Recent Achievements:

  • Successful evaluations by prominent medical professionals, such as Dr. Matthew Stottle of Omaha Pain Physicians, achieving 100% success rates.
  • Acceleration in reimbursement claims submission for the CompuFlo® Epidural System.

For more information or inquiries, Milestone Scientific can be contacted through Crescendo Communications, LLC via email at mlss@crescendo-ir.com or by phone at 212-671-1020.

Rhea-AI Summary
Milestone Scientific Inc. (NYSE:MLSS) has started selling CompuFlo® Epidural disposables to Island Ambulatory Surgery Center, affiliated with Mount Sinai Health System, marking the company's entry into the ambulatory surgery center market. The founder and medical director, Dr. Leon Reyfman, reported 100% success in the evaluation of the system, praising its potential to transform drug delivery in pain management and anesthesiology.
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Milestone Scientific appoints Dr. Didier Demesmin to Board of Directors, expects CompuFlo Epidural System to become standard of care in epidural analgesia.
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Milestone Scientific Inc. reports a 77% increase in revenue for the second quarter of 2023, reaching $2.9 million. Gross profit also increased by 178% compared to the same period last year. The company attributes this growth to the success of their new online store, which has improved margins and provided a closer relationship with customers. The medical division has received positive reimbursement from commercial payers for patients involved in motor vehicle accidents, validating their technology and reimbursement strategy.
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Milestone Scientific Inc. (MLSS) will host a conference call on August 15, 2023, to discuss its financial results for the second quarter of 2023 and corporate progress. The call will be available via telephone and webcast.
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Milestone Scientific Inc. has started selling CompuFlo Epidural disposables to The Pain and Rehabilitation Medical Group in California. Dr. Fabian Proano, the clinic's founder, conducted a successful evaluation of the technology, reporting 100% success in eight cases. The evaluation included Epidural Steroid Injection procedures in the lumbar, thoracic, and cervical thoracic junction of the spine. Dr. Proano has over 25 years of experience in interventional pain management and specializes in image-guided spinal and joint injections.
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FAQ

What is the current stock price of Milestone Scientific (MLSS)?

The current stock price of Milestone Scientific (MLSS) is $0.925 as of December 20, 2024.

What is the market cap of Milestone Scientific (MLSS)?

The market cap of Milestone Scientific (MLSS) is approximately 63.1M.

What does Milestone Scientific, Inc. do?

Milestone Scientific develops, manufactures, markets, and sells computer-controlled local anesthetic delivery systems for medical and dental applications.

What are the main products offered by Milestone Scientific?

The main products include CompuDent™, STA™ System, CompuMed™, and The Wand™, catering to various dental and medical procedures.

Where are Milestone Scientific’s products sold?

Their products are sold in the United States and in over 25 countries worldwide.

What recent achievements has Milestone Scientific accomplished?

Recent achievements include a 100% success rate in evaluations by Dr. Matthew Stottle and accelerated reimbursement claims for the CompuFlo® Epidural System.

What are the main segments of Milestone Scientific’s business?

The two main segments are Dental and Medical.

How can Milestone Scientific be contacted?

They can be contacted through Crescendo Communications, LLC via email at mlss@crescendo-ir.com or by phone at 212-671-1020.

What is The Wand™?

The Wand™ is a handpiece provided by Milestone Scientific that enables dentists to deliver painless injections for various dental procedures.

What is the STA™ System?

The STA™ System is the Single Tooth Anesthesia system suitable for all dental procedures, marketed under Milestone Scientific’s portfolio.

Which medical disciplines use Milestone Scientific’s systems?

Their systems are used in plastic surgery, hair restoration surgery, podiatry, colorectal surgery, dermatology, orthopedics, and other disciplines.

What is CompuMed™?

CompuMed™ is the trademark under which Milestone Scientific markets its computer-controlled anesthetic delivery systems for medical applications.

Milestone Scientific, Inc.

NYSE:MLSS

MLSS Rankings

MLSS Stock Data

63.09M
65.92M
15.5%
5.47%
0.15%
Medical Instruments & Supplies
Orthopedic, Prosthetic & Surgical Appliances & Supplies
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United States of America
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