Vivani Medical to Highlight Innovative Drug Delivery Solutions
Vivani Medical to Present at the Emerging Growth Conference
Vivani Medical, Inc. (NASDAQ: VANI), a pioneer in biopharmaceutical innovation, has announced its participation in the upcoming Emerging Growth Conference. This exciting event allows investors and stakeholders to gain valuable insights into Vivani's innovative approaches to drug delivery through its state-of-the-art implant technology.
An Interactive Presentation for All Stakeholders
Vivani extends a warm invitation to individual and institutional investors, advisors, and analysts to engage in an interactive online presentation. During this live event, held at 1:10 p.m. Eastern Time, attendees will have an opportunity to hear from the Company’s President and CEO, Adam Mendelsohn, Ph.D. His presentation will delve into the vision and mission of Vivani, followed by a Q&A session to address audience inquiries directly.
Innovative Technology and Its Impact
Vivani Medical is renowned for its groundbreaking technology that includes miniaturized, ultra-long-acting drug implants. These cutting-edge devices are designed to deliver medication consistently over extended periods, promoting better adherence to treatment plans, particularly for chronic conditions. This innovative drug delivery system aims to significantly improve patients' experiences by minimizing frequent dosing requirements, thus enhancing overall treatment effectiveness.
Product Pipeline Overview
Vivani's leading product, NPM-115, represents a miniature implant designed for six-month administration of GLP-1 (exenatide) specifically aimed at addressing chronic weight management for those dealing with obesity. This product stands out by offering a unique solution that ensures regular medication delivery, thereby alleviating common issues related to non-adherence.
In addition to NPM-115, Vivani is also in the process of developing the NPM-139 implant, which leverages semaglutide for similar patient demographics. This particular implant could provide the added advantage of requiring administration only once a year, which is particularly appealing to patients searching for convenient treatment options. Moreover, the NPM-119 program is focusing on Type 2 Diabetes management, offering a six-month subdermal exenatide implant, creating a comprehensive approach to chronic disease treatment.
The Importance of Adherence in Treatment
Medication non-adherence has become a significant challenge in healthcare, impacting around 50% of patients, including those on chronic disease therapies. This concern translates to more than $500 billion of avoidable healthcare costs within the U.S. annually, alongside an alarming number of preventable deaths. Vivani acknowledges this crucial issue and designs its products to ensure patients realize the full benefits of their medications. By removing the daily burden of oral or injectable medications, Vivani strives to craft a treatment experience that not only supports adherence but also aids in achieving real-world health outcomes.
Addressing the Growing Market
As the landscape for GLP-1 therapies becomes increasingly competitive—with over 50 new molecular entities under clinical development—Vivani Medical distinguishes itself with its portfolio of long-acting implants. This unique capability positions Vivani to offer significant therapeutic options for patients, prescribers, and payers, and offers a promising avenue for growth and expansion in the biopharmaceutical sector.
A Glimpse into Cortigent, Inc.
Vivani's dedication to innovation extends beyond pharmaceuticals with its wholly-owned subsidiary, Cortigent, Inc. Cortigent specializes in developing precision neurostimulation systems aimed at restoring critical body functions for patients suffering from mobility impairments. Their flagship investigational devices include Orion®, designed to provide artificial vision for individuals who are profoundly blind, as well as an innovative system to enhance recovery for those partially paralyzed due to stroke. Additionally, Cortigent has introduced the Argus II® visual prosthetic device, which has already shown ability to restore meaningful vision.
Strategic Vision for Growth
Vivani Medical is committed to assessing various strategic avenues to propel Cortigent's pioneering technology forward. The integration of biopharmaceutical advancements with innovative neural assistance technology signals Vivani's multifaceted approach in addressing diverse health challenges. Through these initiatives, the company is positioning itself as a leader in both drug delivery and neurological recovery systems.
Frequently Asked Questions
What is Vivani Medical known for?
Vivani Medical is recognized for its innovative biopharmaceutical implants that provide long-acting drug delivery, improving adherence to treatment regimens.
When will Vivani present at the Emerging Growth Conference?
Vivani will present at the conference on September 25, 2024, at 1:10 p.m. Eastern Time.
How do Vivani's implants improve medication adherence?
The implants deliver medication over extended periods, reducing the need for daily or weekly dosing, thereby promoting better adherence.
What are the key products in Vivani's pipeline?
Key products include NPM-115 and NPM-139 for chronic weight management, and NPM-119 for Type 2 Diabetes management.
What is the role of Cortigent, Inc.?
Cortigent is a subsidiary of Vivani focused on developing neurostimulation systems to help restore body functions, including vision restoration.
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