Vivos Inc. Certifies New Clinic for IsoPet® Precision Radionuclide TherapyTM
Rhea-AI Summary
Vivos Inc. (OTCQB: RDGL) has certified a new clinic, NorthStar Vets - Veterinary Emergency & Trauma Specialty Center in Robbinsville, NJ, to offer IsoPet® Precision Radionuclide TherapyTM for cancer treatment in small animals. This 24/7/365 facility provides emergency, trauma, and critical care along with various veterinary specialty services.
Dr. Korenko, President & CEO of Vivos Inc., emphasized the importance of expanding the number of certified clinics for IsoPet Therapy. He noted that certification is a cost-effective alternative to large capital investments, requiring enthusiastic veterinarians and oncologists. Vivos assists these clinics in obtaining or amending their radioactive material licenses and provides certification training, including their proprietary Injection Guidance Table.
The company reports having several clinics in the pipeline for certification, indicating potential growth in the availability of IsoPet Therapy.
Positive
- Certification of a new clinic for IsoPet Therapy, expanding treatment availability
- Cost-effective certification process compared to large capital investments
- Multiple clinics in the pipeline for future certification
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, RDGL gained 2.03%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Richland WA N, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Vivos Inc. (OTCQB: RDGL), Vivos Inc. Certifies new clinic for IsoPet therapy.
NorthStar Vets - Veterinary Emergency & Trauma Specialty Center in Robbinsville, NJ. provides 24/7/365 emergency, trauma, and critical care and a suite of veterinary specialty services for small animals. They have been approved and licensed to offer IsoPet Precision Radionuclide Therapy as a cancer treatment for small animals.
Dr. Korenko stated “An important objective is to expand the number of clinics that are certified for IsoPet Therapy. Generally, different clinics specialize in small animal or equine therapy. Certification is much lower cost than other alternatives that require large capital investments. It requires veterinarians and oncologists that are enthusiastic about the effectiveness of IsoPet. Vivos assists them with obtaining or amending their radioactive material license and provides the certification training that includes our proprietary Injection Guidance Table. We now have several clinics in the pipeline.”
Michael K. Korenko, Sc.D.
President & CEO Vivos Inc
Email: MKorenko@RadioGel.com
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About Vivos Inc. (OTCQB: RDGL)
Vivos Inc. has developed an Yttrium-90-based injectable Precision Radionuclide Therapy™ medical device to treat tumors in animals (IsoPet®) and humans (RadioGel®). Using the company's proprietary hydrogel technology, PRnT™ uses highly localized radiation to destroy cancerous tumors by placing a radioactive isotope directly inside the treatment area. The injection delivers therapeutic radiation from within the tumor without the entrance skin dose and associated side effects of treatment that characterize external-beam radiation therapy. This feature allows the safe delivery of higher doses needed for treating non-resectable and radiation-resistant cancers.
RadioGel® is a hydrogel liquid containing tiny yttrium-90 phosphate microparticles that may be administered directly into a tumor. The hydrogel is a yttrium-90 carrier at room temperature that gels within the tumor interstitial spaces after injection to keep the radiation sources safely in place. The short-range beta radiation from yttrium-90 localizes the dose within the treatment area so that normal organs and tissues are not adversely affected.
RadioGel® also has a short half-life – delivering more than
University veterinary hospitals use the IsoPet® Solutions division to demonstrate animal cancers' safety and therapeutic effectiveness. Testing on feline sarcoma at Washington State University was completed in 2018, and testing on canine soft tissue sarcomas at the University of Missouri was completed in 2019. The Company has obtained confirmation from the FDA Center for Veterinary Medicine that IsoPet® is classified as a medical device according to its intended use and means by which it achieves its intended purpose. The FDA also reviewed the product labeling, which included canine and feline sarcomas as the initial indications for use. The FDA does not require pre-market approval for veterinary devices, so no additional approval was required to generate revenue through the sale of IsoPet® to University animal hospitals and private veterinary clinics.
IsoPet® for treating animals uses the same technology as RadioGel® for treating humans. The Food and Drug Administration advised using different product names to avoid confusion and cross-use.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimates," "projects," "intends," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, the Company's ability to successfully execute its expanded business strategy, including by entering into definitive agreements with suppliers, commercial partners, and customers; general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technical advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, regulatory requirements and the ability to meet them, government agency rules and changes, and various other factors beyond the Company's control.