Milestone Scientific Announces Commercial Rollout of CompuFlo® Epidural System at Advanced Spine and Pain Management Following Successful Pilot with Dr. Varinder Dhillon
January 23 2025 - 10:00AM
Milestone Scientific Inc. (NYSE: MLSS), a leading
developer of computerized drug delivery instruments that provide
painless and precise injections, today announced the commercial
rollout of its CompuFlo® Epidural System at Advanced Spine and Pain
Management, LLC, a premier pain management clinic. This rollout
follows a successful pilot program conducted with Dr. Varinder
Dhillon, whose expertise and feedback validate the clinical
benefits of the CompuFlo® Epidural System in enhancing patient
safety and procedural efficiency.
Advanced Spine and Pain Management operates out
of SurgiCore Montvale, one of 12 SurgiCore centers located in the
New York/New Jersey metropolitan area, highlighting the opportunity
for further expansion within the SurgiCore network. In addition,
the Company reports increasing adoption of the CompuFlo® Epidural
System following the previously announced Medicare price
assignment, reflecting its clinical and economic benefits.
The CompuFlo® Epidural System, utilizing
Milestone Scientific’s patented Dynamic Pressure Sensing
Technology®, provides real-time feedback to confirm accurate needle
placement during epidural procedures. This innovative technology
significantly reduces the risk of complications associated with
traditional techniques, enhancing both patient safety and
procedural efficiency.
Dr. Dhillon commented, "The CompuFlo® Epidural
System has transformed the way we approach epidural procedures. The
technology’s precision and reliability enable us to deliver safer
and more comfortable care to our patients, while also improving
procedural efficiency. I am thrilled integrate it into my workflow
at Advanced Spine and Pain Management, and am confident it will
continue to deliver outstanding results."
Neal Goldman, Chairman and Interim Chief
Executive Officer of Milestone Scientific, stated, "The adoption of
the CompuFlo® Epidural System by Dr. Dhillon at Advanced Spine and
Pain Management illustrates our traction within the healthcare
community. With the recent Medicare price assignment, we are
witnessing increased adoption of the CompuFlo Epidural System
across pain management clinics and other healthcare facilities
nationwide."
About Milestone Scientific
Inc.Milestone Scientific Inc. (MLSS), a technology focused
medical research and development company that patents, designs and
develops innovative injection technologies and instruments for
medical and dental applications. Milestone Scientific’s
computer-controlled systems are designed to make injections
precise, efficient and increase the overall patient comfort and
safety. Their proprietary DPS Dynamic Pressure Sensing Technology®
instruments is the platform to advance the development of
next-generation devices, regulating flow rate and monitoring
pressure from the tip of the needle, through platform extensions of
subcutaneous drug delivery, including local anesthetic. To learn
more, view the MLSS brand video or visit
milestonescientific.com.
Safe Harbor Statement
This press release contains forward-looking
statements regarding the timing and financial impact of Milestone's
ability to implement its business plan, expected revenues, timing
of regulatory approvals and future success. These statements
involve a number of risks and uncertainties and are based on
assumptions involving judgments with respect to future economic,
competitive and market conditions, future business decisions and
regulatory developments, all of which are difficult or impossible
to predict accurately and many of which are beyond Milestone's
control. Some of the important factors that could cause actual
results to differ materially from those indicated by the
forward-looking statements are general economic conditions, failure
to achieve expected revenue growth, changes in our operating
expenses, adverse patent rulings, FDA or legal developments,
competitive pressures, changes in customer and market requirements
and standards, and the risk factors detailed from time to time in
Milestone's periodic filings with the Securities and Exchange
Commission, including without limitation, Milestone's Annual Report
for the year ended December 31, 2023. The forward-looking
statements in this press release are based upon management's
reasonable belief as of the date hereof. Milestone undertakes no
obligation to revise or update publicly any forward-looking
statements for any reason.
Contact:Crescendo Communications, LLCEmail:
mlss@crescendo-ir.comTel: 212-671-1020
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