Milestone Scientific Inc. provides computer-controlled injection technologies and solutions for the medical and dental markets. The company offers The Wand (CompuDent instrument) and the disposable Wand handpiece. CompuDent provides painless injections for all routine dental treatments, including root canals, crowns, fillings, and cleanings. The company’s Computer-Controlled Local Anesthetic Delivery (C-CLAD) instrument handpiece does not look or feel like a syringe. It expanded its product offerings with the introduction of the CompuMed advanced injection instrument, designed for use in a range of applications within the medical industry, including cosmetic surgery, hair restoration surgery, podiatry, colorectal surgery, nasal and sinus surgery, dermatology, orthopedics, and others. Product Platform STA Single Tooth Anesthesia Instrument (STA Instrument) The STA Single Tooth Anesthesia Instrument (STA Instrument) is a patented, computer-controlled local anesthesia delivery instrument that incorporates the ‘pressure feedback’ elements of the company’s patented CompuFlo technology, thereby allowing dentists to administer injections accurately into the periodontal ligament space, effectively anesthetizing a single tooth. CompuDent CompuDent (also known as the Wand Plus internationally) is the company’s proprietary, patented C-CLAD instrument and predecessor of the STA Instrument. CompuDent delivers anesthesia at a precise and consistent rate below a patient’s pain threshold. CompuMed CompuMed is a patented computer-controlled injection instrument geared to the needs of the medical market and providing benefits similar to CompuDent. CompuMed allows various medical procedures, requiring intravenous sedation, to be performed with only local anesthesia due to dramatic pain reduction. CompuMed has accumulated clinical evidence demonstrating benefits from use in colorectal surgery; podiatry; dermatology, including surgery for the removal of basal cell carcinomas and other oncological dermatologic procedures; nasal and sinus surgery, including rhinoplasty; hair transplantation; cosmetic surgery, and others. The Wand The Wand handpiece is used in conjunction with the STA, CompuDent and CompuMed instruments. It is an ergonomically designed and patented handpieces that enables all traditional and newer injections, such as AMSA, P-ASA and Modified-PDL, to be comfortable to deliver. Moreover, the pen-like grasp of The Wand allows bi-directional rotation during injection, which prevents needle deflection that occurs with a traditional syringe. Medical Instrument for Joint Venture The company has a joint venture agreement with Beijing 3H (Heart-Help-Health) Scientific Technology Co., Ltd. (Beijing 3H) for the development, commercialization, manufacture, and marketing of epidural and intra-articular injection instruments. The company held a 50% interest in the joint venture and Beijing 3H together with various individuals, including a major shareholder in the company who is also the principal of a supplier to the company. Bejing 3H also held a 50% interest in the joint venture. Research and Development During the year ended December 31, 2013, the company expensed $191,345 on research and development activities. Intellectual Property The company has rights to various trademarks, such as CompuDent, CompuMed, CompuFlo, The Wand, The Wand Plus, The SafetyWand, Cool Blue Wand, Cool Blue Tooth Whitening Instrument, Dynamic Pressure Sensing Technology, STA Single Tooth Anesthesia (STA Instrument, instruments, and handpieces), Ionic White (light emitting diode), and Ionic White (whitening toothpaste). Significant Events In September 2014, Milestone Scientific Inc. announced it has formed a dermatological joint venture with Milestone China. The new joint venture entity, Milestone Advanced Cosmetic Systems Inc., would be 50% owned by Milestone Scientific and 50% owned by Milestone China. Government Regulation The company is subject to pervasive and continuing regulation by the U.S. Food and Drug Administration, whose regulations require manufacturers of medical devices to adhere to certain Quality Instrument Regulation requirements as defined by the FDC Act. History Milestone Scientific Inc. was founded in 1989. The company was incorporated in the state of Delaware in 1989.
milestone scientific inc (MLSS:OTC US)
220 South Orange Avenue
Livingston Corporate Park
Livingston, NJ 07039
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