Milestone Scientific Inc (NYSEAMERICAN:MLSS) announced that it has received a Notice of Allowance from the US Patent and Trademark Office (USPTO) for a patent relating to the disposable component of company’s CompuFlo Instrument.
The CompuFlo Epidural Instrument, which is used for epidural injections, has a 99% success in locating the epidural space on the first attempt.
“Our clinical objectives have always been to focus on creating greater control and safety of our disposables. This aligns with our commercial strategy to ensure our disposables are protected due to the high margin, recurring revenue nature of these sales,” Milestone Scientific Clinical Director Dr Mark Hochman said in a statement.
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He added: “Ensuring the use of only authorized disposable components is critical to CompuFlo’s performance, safety as well as our long-term financial success of the company.”
“I am proud to state that we currently hold more than 20 patents surrounding our injection and drug delivery systems, which further solidifies our leadership position in this market.”
Milestone Scientific noted that the patent will cover the unique interactions of the disposable assembly and a micro-chip security verification feature embedded in the disposables, which provides numerous clinical and safety benefits for the patient and practitioner.
The embedded security chip is intended to prevent improper reuse of the disposables, as well as ensuring its instrument can only be used with authenticated disposables for the current and future systems.
Milestone Scientific is a biomedical technology research and development company that patents, designs and develops innovative diagnostic and therapeutic injection technologies and instruments for medical, dental, cosmetic and veterinary applications. The group's computer-controlled systems are designed to make injections precise, efficient, and virtually painless.
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