Milestone Scientific Inc. (OTCQB: MLSS) is a leading medical research and development company that designs and patents innovative injection technology. Milestone's computer-controlled systems make injections precise, efficient, and virtually painless. SNNLive spoke with Leonard Osser, CEO of Milestone Scientific Inc. at The FireRock Conference 2014 in New York City, NY.
Mr. Osser begins with an overview of the company, “Milestone is a publicly traded incubator, what we do is: we invent, we reduce to practice, we patent, we achieve approvals around the world including the FDA, we then outsource manufacturing at a very high level, military grade above medical and we then secure distribution throughout the world for our products.”
Milestone aims to disrupt the way drugs are injected into the body and how patients experience those injections, “We have founded a new area of medicine where we deliver, through a needle, drugs into the body without any pain - far safer than with a syringe, which by the way none of us like and was invented 160 years ago, but we more importantly than that we have the ability which is patented throughout the world to know exactly where the tip of the needle is in real-time in the body, which makes for a much safer, more efficacious injection which is changing significantly how injections are done in a number of sectors.”
Mr. Osser lists a few of the benefits of using this new technology in procedures such as epidural injections, “We have done this injection with first year residents and instead of a two year teaching period, we have taught them in 1 to 2 days and when we did the clinical studies with those residents they had a 100% success in finding the location. So the teaching period is obviously much smaller, the morbidities will come down, the malpractice will come down, more people will get the injection because it’s far safer”. For more information, check out their website: www.MilestoneScientific.com
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