Trade Catalyst Report: Disruptive Technology With Multiple Market Applications Up for FDA Approval
(firmenpresse) - LOS ANGELES, CA -- (Marketwire) -- 08/23/11 -- (OTCBB: SNWV) is suddenly positioned to become one of the leaders in the emerging field of regenerative medicine -- not by harvesting or employing stem cells or creating living tissues, but by using a highly effective, non-invasive medical device which has been perfected to activate a biological response for the repair and regeneration of tissue, musculoskeletal and vascular structures.
The firm's patented medical device technologies are set to address multiple large healthcare markets, exceeding $10 billion in total.
SANUWAVE to the U.S. Food and Drug Administration (FDA) the final module of its Premarket Approval (PMA) application for their dermaPACE® device for the treatment of diabetic foot ulcers (DFU).
SANUWAVE's management plan calls for the company to go after multiple, large U.S. markets, exceeding $10 billion in total with this technology starting with patients experiencing chronic wounds.
The latest figures indicate that 27 million people in the U.S. have diabetes and that 79 million are pre-diabetic. That members of that group report having in excess of 1.5 million diabetic ulcers annually and that 25% of diabetics will acquire a non-healing ulcer in their lifetime are compelling figures that foreshadow just how important this treatment technology might become given that this health problem is rising significantly as the U.S. population ages.
If and when approved, this will be the first device-based therapy with a PMA approval. According to analysts, even a 4 - 5% market share gain could yield revenues north of $80 million over the next 5 years.
The full trade catalyst report on this innovative technology and what it means for investors is available now at:
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Datum: 23.08.2011 - 14:10 Uhr
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News-ID 58364
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