LONDON, March 13, 2017 /PRNewswire/ --
OilPrice.com Market Commentary: A little-known, visionary biotech companyis gearing up to release a potentially ground-breaking medical device that could help prevent strokes. It could help save six million lives a year-or a life every 4 minutes. Leading biotech companies with latest developments in the markets today include:
The unique new technology is the Carotid Stenotic Scan (CSS), by CVR Medical, and its futuristic system is designed to sense the leading indicator of strokes in only 2 minutes, and at a cost that will make it affordable and accessible to everyone.
CVR Medical (CVM.V; CRRVF) is ready to burst out of the gate directly into a massive market. Here's why:
For the First Time in History: An Affordable Solution to a Multi-Billion-Dollar Problem
Stroke statistics are shocking: Globally, every year 15 million people suffer a stroke. In the U.S. alone, nearly 800,000 people suffer from a stroke annually.
Currently, one out of every 20 deaths in America is caused by stroke, making this one of the most pressing medical problems of our time.
Until now, there has been no cost-effective way to screen for the leading indicator of Ischemic strokes, which cost the U.S. government alone over 30 billion dollars a year in healthcare expenses.
CVR Medical (CVM.V; CRRVF), the company behind this medical device, has been quietly developing the technology for 10 years and now it's ready for its life-changing debut.
The company reckons that its diagnostic tool could not only help the millions of lives affected by Ischemia, the leading cause of stroke, but could also significantly reduce the tragic debilitation, some 5 million people suffer every year because of stroke.
CVR's early detection technology does not depend on the user for accuracy and provides results in only 2 minutes.
When it takes only 2 minutes to detect the leading indicator of stroke with a device that costs only $49,000 compared to up to $2.5 million for current technology, the market potential is phenomenal.
CVR's technology is positioned to own this market segment
A low-cost, low maintenance pre-stroke medical intervention could benefit the entire society. Ischemia detection technology could save the U.S. government up to $34 billion a year, which is how much the Centers for Disease Control (CDC) say strokes cost the U.S. annually.
According to the CDC, early action is urgent for survival, and only 38 percent of stroke sufferers even recognize they are having a stroke in time to receive effective emergency intervention.
Amid this urgency, the market is massive and it's hungry for a breakthrough.
In the U.S. alone, the market includes 234,615 primary care offices, specialist offices, hospitals and clinics-all of which would benefit from CVR's ground-breaking, affordable, non-invasive and easy-to-use technology to help the millions of people who suffer from carotid artery disease, or Ischemia.
If these facilities bought just one CSS pre-stroke intervention system, we would be looking at billions in revenue. CVR expects to fully penetrate not only the domestic market, but the gargantuan global market.
Because the all-in costs are less than half-the-sale costs, the company is expecting a very quick and lucrative head start.
Brilliant Technology, Visionary Developers
CSS is a screening tool that is designed to detect and measure carotid arterial stenosis to identify patients at risk from Ischemic Stroke.
CSS technology makes a connection between fluid flow and sub-sonic frequencies to detect arterial disease or blockage.
Blood flowing through the carotid arteries produces wave patterns which are shaped and altered by the presence of irregularities on the inner artery walls.
CVR's advanced technology is designed to capture these wave patterns and analyze them mathematically with patented algorithms.
With a quiet modesty and professionalism rare in the biotech industry, the dream team behind the technology has not only developed something that could radically change how we deal with the number 2 cause of death in the U.S., but it's also expertly leveraged intellectual property, market sentiment and strategic partnerships.
CVR Medical (CVM.V; CRRVF) recently teamed up with Hitachi (OTC: HICTF), which will develop and create the processing unit to operate the Carotid Stenotic Scan device, enabling CVR Medical to be able to interpret the sub-sonic and infrasonic sound waves it collects in real time.
Led by Chairman, CEO and President Peter Bakema, with an impressive 30-year track record in business development, since its inception, CVR has brought on some of the most respected medical professionals in the industry.
Together, they are on a trajectory which will revolutionize healthcare by offering easily accessible, affordable early detection for a potentially massive market share at a very critical time in our healthcare story.
Like the X-ray, invented in 1895 and enriching medical investors with wild implications for clinical practice, CVR's early stroke detection device is poised to spark changes far beyond the widespread implementation of the device itself. Indeed, the CSS is only the first phase of CVR's plans to contribute in a very positive way to medical diagnostics.
Cashed-Up, Patented, and Ready to Take the Market by Storm
CVR Medical (CVM.V; CRRVF) has invested $23 million in this technology, with early stage clinical trials complete and now headed toward pivotal trials, eyeing the potential for immediate profitability once FDA market clearance is obtained.
This means there's only a short window of opportunity between market and profitability.
The critical timeframe is now: The release of a preliminary clinical report is pending any day, and then the full clinical report will follow in 4-8 weeks. Once that happens, the next step is FDA submission, and if successful, delivery to the market takes place.
The team has already lined up manufacturing and components, so once the clinical reports are in, and the FDA hurdle is cleared, it's breakout time.
For biotech in general, 2017 will be the critical breakout year. For CVR Medical's patented pre-stroke intervention system, it will be the debut of an amazing new technology that promises to capture the lion's share of a multi-billion-dollar market that could hit out hard at one of the most pressing medical issues of our time. And if all that wasn't enough, the broader biotech market has just had a significant shot in the arm, with President Trump claiming that he will be fighting hard to speed up FDA approval. A comment that sent Amicus Therapeutics Inc. stocks jump 17%, trading more than three times the average volume, after Trump used the CEO's daughter as a case study during his address to Congress. Amicus CEO John Crowley helped develop Myozyme, the enzyme that saved his daughter's life, for Genzyme, which is now a part of Sanofi (NYSE: SNY).
The confidence shows in pharma stocks. Merck (NYSE: MRK) is up 12%, continuing a rally that began in 2016. Eli Lilly (NYSE: LLY) also took off in December and is up 14% since the beginning of the year. Then we have Allergan (NYSE: AGN), which finally broke its downtrend in February.
It is a transformative time in the biotech industry, and CVR looks to be entering the market at just the right moment.
By. Charles Kennedy of Oilprice.com Legal Disclaimer/Disclosure from OilPrice.com: This piece is an advertorial and has been paid for. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this Report should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. We make no guarantee, representation or warranty and accept no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Oilprice.com only and are subject to change without notice. Oilprice.com assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report. All content contained herein is subject to the terms and conditions set forth in the original article posted on Oilprice.com and subject to the terms and conditions therein.
DISCLAIMER: OilPrice.com is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with OilPrice.com or any company mentioned herein. The commentary, views and opinions expressed in this release by OilPrice.com are solely those of OilPrice.com and are not shared by and do not reflect in any manner the views or opinions of FNM. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.
FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
Contact Information: Media Contact e-mail: email@example.com U.S. Phone: +1(954)345-0611
Subscribe to our Free Newsletters!
Cyanosis is the bluish or purplish discoloration of the skin and mucus membranes due to lack of ...
Find out about travel shots or vaccination before you travel to your destination country. Travel ...
Hay fever is caused by allergy to pollen and is characterized by runny or blocked nose, sneezing, ...View All