Milestone Scientific Expands Adoption of CompuFlo Technology

Milestone Scientific's CompuFlo System Gains Traction in Clinics

Milestone Scientific Inc. (NYSE: MLSS), a prominent innovator in advanced drug delivery technologies, is making waves in the medical community. The exciting news comes from a successful integration of its state-of-the-art CompuFlo® Epidural System at the iHeal Pain Center, following a series of successful procedures by Dr. Desai.

Transforming Pain Management with Real-Time Guidance

The CompuFlo Epidural System offers real-time pressure-sensing guidance for epidural injections, enhancing the precision of these critical procedures. Dr. Desai utilized the system in six cervical and two lumbar procedures, marking a significant step forward for Milestone Scientific as it looks to solidify its market position.

Innovative Partnerships Fuel Expansion Efforts

This integration at iHeal Pain Center is a testament to Milestone's commercial strategy, particularly building on its recent success with the Medicare Part B Physician payment rate approval. The procedure will be further supported by the pricing structures established across various U.S. regions, including Florida and Texas, which are crucial to enhancing patient safety and procedural accuracy.

Positive Outcomes Lead to Increased Adoption

The clinical advantages of the CompuFlo Epidural System are underscored by enthusiastic feedback from healthcare providers. Arjan Haverhals, CEO of Milestone Scientific, expressed his confidence in the system, attributing its successful integration at iHeal Pain Center to a fruitful partnership with Axial Biologics.

Strategic Plans for Market Penetration

Following the Medicare pricing assignment, Milestone Scientific is eager to showcase the CompuFlo System in various clinics. Their goal is to foster long-term relationships with medical professionals and encourage widespread adoption through ongoing customer pilots and strategic partnerships.

Focus on Innovation and Safety in Medical Technology

Milestone Scientific is dedicated to developing cutting-edge injection technologies, enhancing safety and precision across medical and dental applications. The company is optimistic about the future, with plans to expand its market reach and continue developing innovative solutions tailored to healthcare providers.

Recent Financial Highlights and Achievements

Amidst the recent advancements, Milestone Scientific has also reported its Q2 financial results, indicating a net income of $0.2 million. A standout achievement is the Medicare Part B physician payment rate assignment for the CompuFlo Epidural System, tapping into an estimated market potential of approximately $250 million among Medicare patients.

Enhancing Market Position in the Evolving Landscape

Despite experiencing a dip in overall revenue, Milestone Scientific enjoys a slight uptick in U.S. e-commerce sales and improved gross margins. The company remains focused on overcoming challenges, such as those faced with freight forwarders impacting international sales. With a commitment to advancing its product adoption strategies, Milestone is optimistic about the remaining year.

Examining Market Metrics and Performance

For investors curious about Milestone Scientific Inc. (NYSE: MLSS), understanding the company’s financial health is crucial. It currently holds a market capitalization of $72 million, showcasing its standing as a small-cap player in the medical technology arena.

Investors Eye Positive Returns Amidst Growth Challenges

In recent months, MLSS has demonstrated a strong return on investment, with a notable price total return of 39.91% over the last three months and an impressive 46.52% over the past six months. However, it is essential to note that the company has yet to achieve profitability, as indicated by its P/E ratio of -15.48. Analysts remain cautious, suggesting that profitability is not on the immediate horizon.

Frequently Asked Questions

What is the CompuFlo Epidural System?

The CompuFlo Epidural System is an advanced technology developed by Milestone Scientific that provides real-time pressure sensing for improved accuracy during epidural injections.

How has the adoption of the CompuFlo system evolved?

The system has recently been integrated at the iHeal Pain Center, with successful use in multiple procedures, indicating growing acceptance in clinical settings.

What financial results did Milestone Scientific report?

In Q2, Milestone reported a net income of $0.2 million and is focused on capitalizing on a significant market potential thanks to Medicare price assignments.

What are Milestone's future prospects?

Milestone Scientific plans to expand its market reach and enhance product adoption while facing challenges in international sales and maintaining profitability.

How does the company maintain financial health?

Despite not being profitable currently, Milestone has demonstrated a stable short-term financial position, with liquid assets exceeding short-term obligations and moderate debt levels.

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