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REMSLEEP HOLDINGS INC - RMSL STOCK NEWS

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REMSleep Holdings, Inc. focuses on the development and distribution of products to help people affected by sleep apnea worldwide. The company offers the DeltaWave CPAP interface device to treat patients with sleep apnea. Serving various sectors including home care dealers, private sleep labs, internet providers, physicians, and hospitals, REMSleep Holdings was founded in 2007 and is headquartered in Orlando, Florida.

The latest news from REMSleep Holdings Inc. includes the submission of the DeltaWave mask for FDA 510K review, an agreement with Janbella Group, LLC for capital access, and the company's commitment to improving the treatment of obstructive sleep apnea patients.

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RemSleep Holdings (OTC PINK: RMSL) recently submitted its application for OTCQB® status, aiming to enhance its market position for obstructive sleep apnea treatment. The decision is expected in 3-4 weeks. This uplisting promises improved transparency, compliance, and access to a wider investor base. CEO Tom Wood expressed confidence in obtaining FDA approval for their DeltaWave CPAP nasal interface and transitioning to a profitable status. The OTCQB® is recognized for better investor benefits compared to OTC Pink, and it has historically increased liquidity and visibility for companies.

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RemSleep Holdings (OTC PINK: RMSL) announced a regulatory update regarding its DeltaWave device, which will now undergo a 510K review as an implantable device. This requires additional testing, prompting the company to withdraw its current application. The FDA has acknowledged that existing test results can support the new submission. The company remains optimistic about timely approval and plans to also submit a 510K for its next-generation Nasal Pillows interface. Additionally, the OTCQB application is nearing completion, with ongoing updates promised to shareholders.

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RemSleep Holdings (OTC PINK: RMSL) has responded to the FDA's Additional Information request regarding its 510(k) application for the DeltaWave device, a nasal mask CPAP interface. This pivotal submission is expected to enhance the commercialization of the DeltaWave, known for its comfort and adequate airflow, potentially disrupting the sleep apnea market. The company anticipates an FDA decision in around 30 days and is committed to keeping shareholders informed on progress.

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RemSleep Holdings (OTC PINK: RMSL) issued a corporate update highlighting challenges with its DeltaWave device's FDA 510k submission. The company failed a cytotoxicity retest due to faults by a third-party lab, prompting a commitment to retest with a new lab. Despite this setback, the company is advancing with new distribution agreements for CPAP machines, with FDA-approved devices unaffected by current chip shortages. They signed a three-year lease for a larger facility and are working towards OTCQB tier designation to enhance operations.

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RemSleep Holdings (OTC PINK: RMSL) has secured an agreement with an overseas manufacturer to import nasal CPAP machines amidst a significant shortage in the U.S. A first order of 1,500 units is expected to ship by mid-April, with plans for presales to boost revenues. This move aims to alleviate the ongoing CPAP device scarcity resulting from recent recalls and global supply chain issues. To support growth, RemSleep is relocating to a larger facility and enhancing its marketing efforts. The company addresses the needs of the 22 million Americans suffering from sleep apnea.

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RemSleep Holdings (OTC PINK: RMSL) announced a strategic partnership with Preya Co and MCAP Mediawire to enhance communication with shareholders and strengthen their outreach efforts. This move comes in anticipation of the expected DeltaWave 510k approval and market release, addressing the high demand from both the public and medical community. CEO Tom Wood emphasized the importance of maintaining open communication with investors to add value. Preya Co offers expertise in investor relations, while MCAP Mediawire provides robust news distribution services.

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REMSleep Holdings, Inc. (OTC PINK: RMSL) announced that the FDA requires additional testing for its 510K submission regarding product development. The company plans to initiate testing promptly. Furthermore, proceeds from the Reg A offering will support ongoing product development, expected patent applications, and inventory buildup pending 510K approval. The press release also contains forward-looking statements highlighting risks, including the potential inability to secure financing and regulatory challenges that could affect business outcomes.

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REMSleep Holdings, Inc. (OTC PINK: RMSL) has announced that its submission K212087 has passed the acceptance review. The submission was found to contain all necessary elements for a substantive review, and a lead reviewer has been assigned to the case. The company plans to provide further updates as they become available.

This announcement follows the regulatory protocol and demonstrates the company's progress in its submission process, which may have implications for future developments.

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FAQ

What is the current stock price of REMSLEEP HOLDINGS (RMSL)?

The current stock price of REMSLEEP HOLDINGS (RMSL) is $0.0072 as of December 24, 2024.

What is the market cap of REMSLEEP HOLDINGS (RMSL)?

The market cap of REMSLEEP HOLDINGS (RMSL) is approximately 11.1M.

What does REMSleep Holdings, Inc. focus on?

REMSleep focuses on developing and distributing products to aid individuals affected by sleep apnea globally.

What is the DeltaWave CPAP interface device used for?

The DeltaWave CPAP interface device is utilized to treat patients with sleep apnea.

Who does REMSleep Holdings serve?

The company serves home care dealers, private sleep labs, internet providers, physicians, medical groups, hospitals, and medical associations.

When was REMSleep Holdings founded?

REMSleep Holdings, Inc. was founded in 2007.

Where is the headquarters of REMSleep Holdings located?

The company is headquartered in Orlando, Florida.

What recent achievements has REMSleep Holdings announced?

Recent achievements include the submission of the DeltaWave mask for FDA 510K review and an agreement with Janbella Group, LLC for capital access.

What is the primary focus of REMSleep Holdings?

The primary focus of REMSleep is designing and manufacturing devices and products for the treatment of sleep apnea and respiratory conditions.

How does REMSleep strive to make a difference?

The team at REMSleep diligently works to improve the condition of individuals suffering from sleep apnea by developing impactful products.

What recent update has REMSleep provided regarding the DeltaWave mask?

The company has moved the DeltaWave mask to the Substantive Review phase of the FDA 510K review process.

Who is the current CEO of REMSleep Holdings?

The current CEO of REMSleep Holdings, Inc. is Tom Wood.

REMSLEEP HOLDINGS INC

OTC:RMSL

RMSL Rankings

RMSL Stock Data

11.08M
1.46B
3.5%
0.05%
Medical Devices
Healthcare
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United States of America
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