$AVRN Avra, Inc. (AVRN) Acquires Cutting Edge Equipment Needed to Capture Larger Piece Of the Huge Unmet Back Pain Therapeutics Market
https://www.globenewswire.com/news-release/20...arket.html
ATLANTA, Jan. 10, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Avra, Inc. (OTC PINK: AVRN), which recently merged with Springs Rejuvenation (“Spring”), a Chamblee, Georgia based anti-aging and stem cell center focusing on stem cell therapy, today announced that it has procured cutting edge equipment to offer treatments to a large number of low back pain sufferers that it has previously had to turn away. Acquisition of two C-arm, high definition 3D imaging for direct visualization of the injection point, will allow the Company to serve the previously unmet and growing patient pool, which should positively impact the Company’s additional revenues beginning immediately upon their installation.
Low back and knee pain tops all US healthcare spending. The American Medical Association announced an estimated cost at $87.6 billion annually. With at least 1 in 4 Americans experiencing significant, chronic back pain.
Dr. Charles A. Pereyra, the founder of Springs Rejuvenation Stem Cell Therapy, said: “Springs Rejuvenation is incredibly excited to announce it will now have access one of the only stem cell products to be awarded an initial new drug (IND) status from the FDA for both knee and back pain. The new drug will utilize a Wharton’s jelly matrix composed of a high concentration of both exosomes and MSC cells (undifferentiated stem cells). Signature Biologics and Chord for Life are unique in their rigorous standards for cell harvesting and laboratory quality, which have ultimately led the FDA to approve the IND.”
DR. Pereyra continued: “The ability to treat back pain is a game changer. Since opening our office in Atlanta, upwards to 30-40 percent of all calls we received were requests for back pain procedures. Due to the lack of technology and product we’ve been unable to accommodate this patient group. Utilizing a C-arm in conjunction with an IND approved stem cell product will allow us to deliver cells directly into the area of injury. Vastly different than the current mainstay treatment of cortisone and lidocaine injections, in which the goal is to mask pain, at the expense of causing accelerated bone decay and further cartilage damage, stem cells rapidly reduce inflammation, treating the patient’s pain, whilst bone growth and cartilage repair is facilitated through cell-to-cell signaling, cell proliferation, and modification of gene expression for repair. In short, I’m excited to expand Springs' reach to new patients, but even more so to have the opportunity to actually treat patients effectively.”
He concluded: “We expect the first C-arm to be installed in our GA office in Mid-January, and the second one in our South Florida office in February. All our future clinics will launch with this capacity in place, day one.”
https://www.globenewswire.com/news-release/20...arket.html
ATLANTA, Jan. 10, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Avra, Inc. (OTC PINK: AVRN), which recently merged with Springs Rejuvenation (“Spring”), a Chamblee, Georgia based anti-aging and stem cell center focusing on stem cell therapy, today announced that it has procured cutting edge equipment to offer treatments to a large number of low back pain sufferers that it has previously had to turn away. Acquisition of two C-arm, high definition 3D imaging for direct visualization of the injection point, will allow the Company to serve the previously unmet and growing patient pool, which should positively impact the Company’s additional revenues beginning immediately upon their installation.
Low back and knee pain tops all US healthcare spending. The American Medical Association announced an estimated cost at $87.6 billion annually. With at least 1 in 4 Americans experiencing significant, chronic back pain.
Dr. Charles A. Pereyra, the founder of Springs Rejuvenation Stem Cell Therapy, said: “Springs Rejuvenation is incredibly excited to announce it will now have access one of the only stem cell products to be awarded an initial new drug (IND) status from the FDA for both knee and back pain. The new drug will utilize a Wharton’s jelly matrix composed of a high concentration of both exosomes and MSC cells (undifferentiated stem cells). Signature Biologics and Chord for Life are unique in their rigorous standards for cell harvesting and laboratory quality, which have ultimately led the FDA to approve the IND.”
DR. Pereyra continued: “The ability to treat back pain is a game changer. Since opening our office in Atlanta, upwards to 30-40 percent of all calls we received were requests for back pain procedures. Due to the lack of technology and product we’ve been unable to accommodate this patient group. Utilizing a C-arm in conjunction with an IND approved stem cell product will allow us to deliver cells directly into the area of injury. Vastly different than the current mainstay treatment of cortisone and lidocaine injections, in which the goal is to mask pain, at the expense of causing accelerated bone decay and further cartilage damage, stem cells rapidly reduce inflammation, treating the patient’s pain, whilst bone growth and cartilage repair is facilitated through cell-to-cell signaling, cell proliferation, and modification of gene expression for repair. In short, I’m excited to expand Springs' reach to new patients, but even more so to have the opportunity to actually treat patients effectively.”
He concluded: “We expect the first C-arm to be installed in our GA office in Mid-January, and the second one in our South Florida office in February. All our future clinics will launch with this capacity in place, day one.”
