Reklama

MILESTONE (MMD): The Update on the Commercial Rollout of CompuFlo® Epidural System in the Second Quarter of 2020 - raport 19

Raport bieżący nr 19/2020

Podstawa Prawna:
Art. 17 ust. 1 MAR - informacje poufne.

The Board of Directors of Milestone Medical Inc. (WAR: MMD, “the Company”, “the Issuer”) today provided an update on the commercial rollout of CompuFlo® Epidural System in the second quarter ended June 30, 2020.

The Company’s primary focus remains commercialization of the CompuFlo® Epidural System, and the Issuer is moving ahead aggressively towards this goal. Although the Company experienced temporary setbacks due to COVID-19 with hospitals on complete lockdown, The Board of Directors of the Company is pleased to report that the sales and business development pipeline is expanding. The Company in late-stage discussions with a number of premier hospitals in the U.S. Moreover, the CathCheck™ technology has resonated well, given its ability to minimize contact between the patient and provider, which is especially important during the COVID-19 pandemic. Importantly, the CompuFlo® Epidural System is fully validated in terms of safety, efficacy and economics. For these reasons, The Board of Directors of the Company is confident as ever that our technology will become the new standard of care.

Reklama

During the second quarter of 2020 the Company’s parent Milestone Scientific Inc. raised gross proceeds of approximately $19.7 million from the sale of Milestone Scientific's common stock and warrants. The Board of Directors of the Company believes that the financing from its parent provides the Issuer with a substantial runway to help mitigate the risks related to COVID-19, as well as additional resources to accelerate sales and marketing activities around the CompuFlo Epidural System.

PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ
DataImię i NazwiskoStanowisko/FunkcjaPodpis
2020-08-17Joseph D'Agostino Chief Financial Officer Joseph D'Agostino

Reklama

Reklama

Reklama

Reklama

Finanse / Giełda / Podatki
Bądź na bieżąco!
Odblokuj reklamy i zyskaj nieograniczony dostęp do wszystkich treści w naszym serwisie.
Dzięki wyświetlanym reklamom korzystasz z naszego serwisu całkowicie bezpłatnie, a my możemy spełniać Twoje oczekiwania rozwijając się i poprawiając jakość naszych usług.
Odblokuj biznes.interia.pl lub zobacz instrukcję »
Nie, dziękuję. Wchodzę na Interię »