Milestone Scient Stock Price, News & Analysis

Milestone Scientific Inc. (NYSE:MLSS) announced the registration of its CompuFlo® Epidural System with the U.S. Government's System for Award Management (SAM) on March 2, 2023. This registration is essential for bidding on government contracts, enabling the company to operate within federal agencies such as the Department of Defense and Veterans Affairs. CEO Arjan Haverhals highlighted the substantial market potential and the product's safety and efficiency benefits. The system is supported by clinical data showing reduced complication rates and potential cost savings for healthcare providers. Milestone also seeks Federal Supply Service approval for pricing uniformity.

Milestone Scientific (NYSE:MLSS) announced FDA clearance for its CompuFlo Epidural System for use in the thoracic region of the spine, extending its prior approval in the lumbar region. The device utilizes patented DPS Dynamic Pressure Sensing Technology® to aid anesthesiologists in safe needle placement, thereby reducing complications like dural punctures. Approximately 11 million epidural procedures are performed annually in the U.S. The clearance is expected to open new market opportunities, particularly for patients with complex anatomy.

Milestone Scientific Inc. (NYSE:MLSS) has entered into a distribution agreement with Sweden & Martina for exclusive rights to market its STA Single Tooth Anesthesia System® in Italy, Spain, Portugal, and France. This strategic partnership taps into markets with over 180 million people. Sweden & Martina, a notable European dental distributor, will replace the current distributor in Italy. The STA system aims to improve patient experiences by offering painless injections. This collaboration aligns with Milestone's growth strategy in expanding its market reach.

Milestone Scientific (MLSS) has entered a distribution agreement with TEKMIKA Health Technologies to exclusively market its STA Single Tooth Anesthesia System^® in Brazil. This partnership allows TEKMIKA, a prominent distributor, to leverage its experience in the Brazilian dental market, which includes over 240,000 dentists. The STA system promises painless injections, shorter anesthesia wait times, and fewer complications. This expansion aligns with Milestone's strategy to penetrate new and existing markets, enhancing growth opportunities in Brazil, a significant dental market.

Milestone Scientific (NYSE: MLSS) has appointed Neal Goldman as the new Chairman of the Board of Directors, succeeding Leslie Bernhard. Goldman, who has been on the board since 2019, brings over 35 years of financial experience, previously serving in senior positions at various firms. CEO Arjan Haverhals expressed optimism about Goldman’s appointment, indicating it aligns with the company's growth phase. The board acknowledged Bernhard's significant contributions in corporate governance and business strategy, strengthening the company's foundation for future advancements in medical technology.

Milestone Scientific (NYSE: MLSS) reported a 34.4% sequential increase in sales for Q3 2022, reaching approximately $2.2 million. Year-over-year revenue growth also occurred, with a 28.6% increase excluding sales to China. Despite challenges in the dental segment due to geopolitical factors, the medical division is seeing progress with new distributors for the CompuFlo Epidural System and the introduction of a new CPT code in January 2023, aimed at enhancing reimbursement pathways. The company maintains a solid cash position of $9.8 million.

Milestone Scientific (NYSE:MLSS) will host a conference call on November 15, 2022, at 8:30 AM ET to discuss its Q3 financial results for the period ending September 30, 2022. The call will address the company’s progress and developments in its innovative drug delivery technologies. U.S. participants can join by calling 877-545-0523, while international callers can reach +1 973-528-0016. An audio replay will be available until November 29, 2022. For more information, visit the Investor Relations page.

Milestone Scientific (NYSE American:MLSS) announced that CEO Arjan Haverhals will present at the 2022 MicroCap Rodeo Windy City Roundup Conference in Chicago on October 12. His presentation is scheduled for 2:30 p.m. Central Time and will be webcast live. Haverhals will also engage in one-on-one meetings with qualified investors during the event. The conference aims to connect investors with over 60 microcap companies and explore key trends for 2023. Interested parties can register or request a meeting via email or the conference website.

Milestone Scientific (MLSS) has commenced sales of its CompuFlo Epidural disposables to UofL Health after a successful evaluation. This innovative system enhances patient outcomes in obstetric anesthesia and pain management across multiple departments. CEO Arjan Haverhals highlighted the validation this partnership represents. The CompuFlo system's clinical data shows significant reductions in complications and time savings for anesthesiologists, offering a compelling economic advantage for healthcare facilities. This collaboration positions Milestone for future growth in the medical technology space.