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Posted On: 09/18/2023 10:45:40 AM
Post# of 8392
Important Reminder
PEMF(Pulsed ElectroMagnetic Field) / PSWT(Pulsed ShortWave Therapy) technology is growing rapidly as many new uses are being discovered for its use.
BIEL currently has the only PEMF/PSWT FDA Cleared Medical Device that is approved for Over the Counter sales in the USA.
There are numerous 'Wellness Devices' in the PEMF OTC marketplace that can make no claims of safety and efficacy to treat any medical conditions because they have not been through the rigorous FDA Clearence process.
There are numerous 'Prescription Only' PEMF devices that cost hundreds to many thousands of dollars.
If a company wants to enter this FDA Cleared OTC Market with a PEMF/PSWT device they can spend ten of millions of dollars and years developing their own device and getting FDA Clearance or they can partner with BIEL.
To date Scott Specialties/DJO, KT Health, and SAI/Airway have chosen to partner with BIEL .
In BIEL's most recent communication to shareholders, 8/28/2023, BIEL's COB, Dr Staelin, stated, "we are actively pursuing our announced goals of being a low cost OEM that has a strong research program focusing on PSWT for the treatment of a multiple number of pain related ailments and uses third partying
specialists to distribute its products into the marketplace."
PEMF(Pulsed ElectroMagnetic Field) / PSWT(Pulsed ShortWave Therapy) technology is growing rapidly as many new uses are being discovered for its use.
BIEL currently has the only PEMF/PSWT FDA Cleared Medical Device that is approved for Over the Counter sales in the USA.
There are numerous 'Wellness Devices' in the PEMF OTC marketplace that can make no claims of safety and efficacy to treat any medical conditions because they have not been through the rigorous FDA Clearence process.
There are numerous 'Prescription Only' PEMF devices that cost hundreds to many thousands of dollars.
If a company wants to enter this FDA Cleared OTC Market with a PEMF/PSWT device they can spend ten of millions of dollars and years developing their own device and getting FDA Clearance or they can partner with BIEL.
To date Scott Specialties/DJO, KT Health, and SAI/Airway have chosen to partner with BIEL .
In BIEL's most recent communication to shareholders, 8/28/2023, BIEL's COB, Dr Staelin, stated, "we are actively pursuing our announced goals of being a low cost OEM that has a strong research program focusing on PSWT for the treatment of a multiple number of pain related ailments and uses third partying
specialists to distribute its products into the marketplace."
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