GAITHERSBURG, Md., June 17, 2015 (GLOBE NEWSWIRE) -- Nuo Therapeutics, Inc. (OTCQX:NUOT), a pioneer in biodynamic therapies, today announced its participation in the 35 th Annual National Veterans Wheelchair Games (NVWG), presented by the Department of Veterans Affairs (VA) and Paralyzed Veterans of America (PVA), taking place June 21 - 26 in Dallas, TX.
NVWG is the world's largest annual wheelchair-sporting event, bringing together more than 600 veteran athletes from across the Nation.
Over the past 10 years, more than 2.5 million veterans have returned to the U.S. following active military deployment. A significant number of those individuals have sustained life-altering injuries, many of which involve some form of paralysis.
Limited mobility resulting from these injuries can lead to complex wounds, commonly known as pressure ulcers. Aurix™ , from Nuo Therapeutics, is a biodynamic hematogel cleared by the U.S. Food and Drug Administration (FDA) for the management of these and other chronic wounds.
"We take very seriously our responsibility to support the veterans who have sacrificed so much for our country, and are excited for the opportunity to participate in this event which helps veterans of all ages to challenge themselves to celebrate their abilities," said Martin Rosendale, Chief Executive Officer of Nuo Therapeutics. "In addition to supporting the 2015 Games, we are working tirelessly with the VA to ensure veterans with chronic wounds, such as pressure ulcers, have access to Aurix. I'm proud that veterans and active duty military personnel are being treated with Aurix at six federal healthcare facilities around the country, including a number of spinal cord injury units, wound care centers and a major air force base. Our team is in close communication with officials at many other VA facilities as we work to bring Aurix into additional centers in the coming months."
Representatives from Nuo Therapeutics will join the more than 3,000 on-site volunteers to assist with accommodating the needs of the athletes. The Company will also exhibit in the 2015 Disabled Sports, Recreation and Fitness Expo, taking place on Sunday, June 21 st at the Kay Bailey Hutchison Convention Center.
Previously, Nuo Therapeutics sponsored the 35 th National Veterans Wheelchair Games Business & Community Leaders' Breakfast, which took place on November 18, 2014, to provide awareness and support of this year's games.
About Nuo Therapeutics
Nuo Therapeutics, Inc. (the "Company") is a biomedical company that pioneers leading-edge biodynamic therapies for wound care. The Company's flagship product, Aurix is a biodynamic hematogel that harnesses a patient's innate regenerative abilities for the management of a variety of wounds. For additional information please visit www.nuot.com .
About Aurix
Aurix is the first platelet and plasma therapy system to be cleared by FDA for the management of a broad range of ulcers and exuding wounds, including:
- All types (diabetic foot ulcer, venous leg ulcer, pressure ulcer, etc.),
- All morphologies (partial thickness, full thickness and complex wounds),
- All severities (tunneling, sinus tract, bone, tendon and hardware exposure).
Unlike other cellular-based treatment options, Aurix is an autologous biodynamic hematogel that is derived from a patient's own platelets and plasma. The product is used at the point-of-care to stimulate the natural wound healing process from deep within the wound bed. For additional information, please visit www.AurixSystem.com .
Safe Harbor Statement
This press release contains "forward-looking statements" pursuant to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "believes", "forecasted," "projects," "is expected," "remain confident," "will", "estimate," "target," "plan," "should", "would," "is likely," "may," and/or similar expressions. The information contained in the forward-looking statements, including without limitation those about the Company's estimated revenue, product sales, product placements, gross margin, operating expenses and other income or expenses, is inherently uncertain, and the Company's actual results may differ materially from these forward-looking statements. These forward-looking statements include, without limitation, statements concerning the Company's ability to successfully launch and rebrand its wound care system in the timeframe and to the extent anticipated, product placement with the VA System, enlistment of wound care centers, the Company's ability to estimate the potential of the wound care market and to commercialize any of its rebranded products / therapies, successfully execute its Aurix sales and commercialization strategies, the Company's ability to commercialize Aurix as expected and derive financial and commercial benefits of such launch, to achieve Aurix expected reimbursement rates beyond 2015, the Company's ability to comply with the debt covenants and restrictions under its existing loan facilities including from Deerfield Management Company, L.P., the Company's ability to realize expected benefits from the Arthrex licensing arrangement, the Company's ability to collect the data necessary for the grant of the unconditional coverage, the Company's ability to continue in its efforts to expand in the wound care market, and its ability to successfully negotiate with physician offices as anticipated and to realize the anticipated sales growth from such treatment. Forward-looking statements are also subject to many risks and uncertainties that could cause our actual results and the timing of certain events to differ materially from any future results expressed or implied by the forward-looking statements, including, but not limited to, risks as to whether the Company may achieve future favorable CMS determinations relating to the reimbursement rates for Aurix, the Company's ability to successfully realize sales of the Angel Technology resulting in the royalty stream to the Company, the Company's ability to expand patient populations as contemplated, its ability to provide Medicare patients with access as expected, the Company's ability to realize its expectations of favorable future dialogue with potential strategic partners, its ability to identify, proceed with and consummate strategic initiatives , its ability to successfully manage contemplated clinical trials, its ability to manage and address the capital needs, human resources, management, compliance and other challenges of a larger, more complex and integrated business enterprise, the viability and effectiveness of the Company's sales approach and overall marketing strategies, its ability to secure Medicare reimbursements at adequate levels; its ability to realize commercial success or acceptance by the medical community, the Company's ability to raise additional capital or issue additional securities and to continue as a going concern, and the Company's ability to execute on its strategy to market the Aurix System as contemplated, and other risks and uncertainties described in our filings with the U.S. Securities and Exchange Commission, including the most recent reports on Forms 10-K, 10-Q and 8-K, and any amendments thereto. Undue reliance should not be placed on forward-looking information. Nuo Therapeutics operates in a highly competitive and rapidly changing business and regulatory environment, thus new or unforeseen risks may arise. Except as is expressly required by the federal securities laws, Nuo Therapeutics undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.
Nuo Therapeutics, Inc. Martin Rosendale, CEO 240-499-2680 Investors: The Ruth Group Lee Roth 646-536-7012
