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ProSomnus, Inc. - OSA STOCK NEWS

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

ProSomnus, Inc. Common Stock (symbol: OSA) is a leading provider of non-CPAP therapy solutions for the treatment of Obstructive Sleep Apnea (OSA). This serious medical condition affects over 1 billion people globally and is linked with several comorbidities such as heart failure, stroke, hypertension, morbid obesity, and type 2 diabetes. ProSomnus specializes in creating precision intraoral medical devices that are designed to fit the unique anatomy and treatment plans of each patient.

The company’s products are non-invasive, easy to use, and preferred by patients. They have demonstrated high levels of efficacy, safety, adherence, and overall positive outcomes in numerous clinical studies. ProSomnus devices are FDA-cleared, patented, and are covered by commercial medical insurance, Medicare, TRICARE, and many government-sponsored healthcare plans worldwide. This coverage extends to over 200 million lives.

Recent achievements include additional clinical research indicating that patients using ProSomnus devices have fewer apnea-hypopnea index events per hour, alongside strong treatment adherence. ProSomnus continues to develop and enhance their product offerings, providing cutting-edge solutions for those suffering from OSA.

For the latest updates, financial results, and news, contact Investor Relations or Media Relations through the provided contact details.

  • Recent clinical research shows decreased apnea-hypopnea index events per hour with strong treatment adherence using ProSomnus devices.
  • FDA-cleared and patented products
  • Coverage by major insurance plans, including Medicare and TRICARE
  • Innovative non-CPAP therapy solutions for Obstructive Sleep Apnea
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ProSomnus, Inc. (NASDAQ: OSA), a leader in precision medical devices for treating Obstructive Sleep Apnea (OSA), will release its Q1 financial results after market close on May 9, 2023. CEO Len Liptak and CFO Brian Dow will discuss the results during a conference call at 1:30 p.m. PT / 4:30 p.m. ET. Interested parties can register for the call via the provided link.

Additionally, ProSomnus will participate in two upcoming investor conferences: the EF Hutton Global Conference on May 10, 2023 and the 20th Annual Craig-Hallum Institutional Investor Conference on May 31, 2023. ProSomnus’s precision intraoral devices provide effective treatment for OSA, impacting over 74 million people in North America, and are gaining recognition for their patient-preferred outcomes.

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ProSomnus, a leader in precision medical devices for Obstructive Sleep Apnea (OSA), announced findings from a recent study highlighting the effectiveness of its Precision Oral Appliance Therapy (OAT) compared to traditional methods. Presented at the 2023 Sleep and Breathing Conference, the study reveals that Precision OAT demonstrated a 100% efficacy rate in mild OSA cases, outperforming traditional OAT's 85%. For mild to moderate OSA, the median efficacy stood at 92% for Precision OAT versus 75% for traditional OAT. Even in severe cases, Precision OAT led with 59% efficacy compared to 50% for traditional options. ProSomnus continues to lead the market, with over 200,000 devices delivered, offering an effective alternative to CPAP therapy.

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ProSomnus, Inc. (NASDAQ: OSA) has announced the publication of four abstracts in the Journal of Dental Sleep Medicine, which will be presented at the 2023 AADSM Annual Meeting in Philadelphia from May 19-21. The abstracts cover significant studies, including a comparison of efficacy between precision oral appliance therapy and traditional methods, and an analysis of adverse events related to various sleep apnea treatments.

The studies highlight ProSomnus’s position as a leader in precision medical devices for Obstructive Sleep Apnea (OSA), a condition affecting over 74 million people in North America. The company's FDA-cleared devices are recognized for being less invasive and more comfortable than CPAP therapy, making them a patient-preferred option.

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ProSomnus, Inc. (NASDAQ: OSA) announced that the U.S. Patent and Trademark Office granted U.S. patent serial number 11,617,677 on April 4, 2023. This patent adds to ProSomnus's impressive portfolio, now totaling 17 issued patents covering its iterative titration technology for Precision Oral Appliance Therapy (OAT) devices. This technology enhances device performance by improving airflow and patient comfort. ProSomnus's FDA-cleared devices offer a competitive alternative to traditional CPAP machines, demonstrating strong patient compliance and efficacy. Over 200,000 devices have been delivered, underlining their demand in the OSA treatment market.

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ProSomnus, Inc. (NASDAQ: OSA) reported financial results for Q4 and FY 2022, with revenues of $5.8 million for Q4 and $19.4 million for the year, marking increases of 32% and 38% respectively from 2021. The company surpassed 200,000 devices prescribed and expanded growth initiatives, including increasing its sales team and launching new products. Gross margin improved to 53.6% in Q4 while sales and marketing expenses surged by over 44%. Research and development costs rose significantly due to new product development and clinical studies. General and administrative expenses included costs from the recent business combination.

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ProSomnus, Inc. (NASDAQ: OSA) announced that the U.S. Patent and Trademark Office has allowed a patent for its automated manufacturing process. This brings the total to 16 issued patents, enhancing its intellectual property related to precision medical devices for Obstructive Sleep Apnea (OSA). ProSomnus's Precision OAT devices are FDA-cleared and offer an effective alternative to traditional treatments like CPAP. The company emphasizes its innovative manufacturing processes to meet growing demand while maintaining device effectiveness and patient comfort. ProSomnus has delivered over 200,000 devices, making it the most prescribed Precision OAT in the U.S.

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ProSomnus, Inc. (NASDAQ: OSA) announced it will release its fourth-quarter and full-year 2022 financial results on March 30, 2023, after market close. CEO Len Liptak and CFO Brian Dow will host a conference call at 1:30 p.m. PT / 4:30 p.m. ET to discuss the results and provide a business update.

ProSomnus specializes in precision medical devices for Obstructive Sleep Apnea (OSA). Their patented devices offer a less invasive alternative to CPAP therapy and are the most prescribed Precision Oral Appliance Therapy in the U.S., with over 200,000 devices delivered.

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ProSomnus, Inc. (NASDAQ: OSA), a leader in precision medical devices for Obstructive Sleep Apnea (OSA), announced a significant development with an abstract on the efficacy of its Precision Oral Appliance Therapy (OAT) being accepted for presentation at the Sleep and Breathing 2023 Conference in Prague, scheduled for April 20-22, 2023.

Dr. Shouresh Charkhandeh will present the findings on April 20. ProSomnus’s FDA-cleared devices offer patient-specific solutions, demonstrating excellent efficacy and compliance compared to traditional treatments, including CPAP machines.

With over 200,000 devices delivered, ProSomnus’s products are widely prescribed, supported by positive clinical research outcomes, and are recognized by key health programs.

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FAQ

What is the current stock price of ProSomnus (OSA)?

The current stock price of ProSomnus (OSA) is $0.47 as of April 17, 2024.

What is the market cap of ProSomnus (OSA)?

The market cap of ProSomnus (OSA) is approximately 8.2M.

What does ProSomnus, Inc. do?

ProSomnus, Inc. provides non-CPAP therapy solutions for the treatment of Obstructive Sleep Apnea using precision intraoral medical devices.

What is Obstructive Sleep Apnea (OSA)?

OSA is a serious medical condition affecting over 1 billion people worldwide, linked to comorbidities like heart failure, stroke, and type 2 diabetes.

Are ProSomnus devices FDA approved?

Yes, ProSomnus devices are FDA-cleared and patented.

What kind of insurance covers ProSomnus devices?

ProSomnus devices are covered by commercial medical insurance, Medicare, TRICARE, and many government-sponsored healthcare plans worldwide.

How effective are ProSomnus devices?

ProSomnus devices have shown high levels of efficacy, safety, and adherence in multiple clinical studies.

Can I contact ProSomnus for investor relations?

Yes, you can contact Mike Cavanaugh at +1.617.877.9641 or via email at Mike.Cavanaugh@westwicke.com.

Who should I contact for media inquiries?

For media inquiries, contact Heather Whalen at +1.925.360.2990 or via email at HWhalen@ProSomnus.com.

What recent achievements has ProSomnus made?

Recent clinical research indicates patients using ProSomnus devices have decreased apnea-hypopnea index events per hour with strong treatment adherence.

Where can I find ProSomnus's financial results?

You can contact Investor Relations or visit their official website for the latest financial results.

How can I learn more about ProSomnus's products?

Visit www.ProSomnus.com for detailed information about their products and solutions for Obstructive Sleep Apnea.

ProSomnus, Inc.

Nasdaq:OSA

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OSA Stock Data

8.18M
17.39M
20.64%
57.01%
0.42%
Medical Devices
Surgical & Medical Instruments & Apparatus
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United States of America
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