- Endonovo
Therapeutics is developing bioelectronic devices that target patient pain,
inflammation and wound recovery
- The
company intends to get its flagship SofPulse device into 600 hospitals
within the next 18 months as part of its bid to reduce post-operative drug
dependence
- Drug
dependence is regarded as a major contributor to a global opioid epidemic
that has driven advocacy for less harmful pain drugs, increased governmental
funding and new sentencing protocols for drug-related crimes
- The
U.S. government has spent $2.4 billion during the past two years on
addiction intervention amid statistics showing pain-killer death totals in
the tens of thousands each year
Worldwide concerns about pain relief medication-induced
addictions and deaths have led to a variety of societal changes during recent
years, most notably driving the multinational advocacy for medical marijuana
(cannabis) as a potential palliative without the degree of harmful effects from
prescription and illegal narcotics, while also spawning increasing calls for
governmental funding to fight addiction and change the judicial system’s
approach to drug-related crimes. Amid some concerns about how private industry
and governmental agencies are responding to the opioid epidemic/pandemic, Endonovo Therapeutics Inc. (OTCQB: ENDV) is advancing
novel bioelectronic device solutions that are non-invasive and sidestep the
drug issues entirely.
Endonovo Therapeutics is a commercial-stage developer of
medical implements designed to provide proprietary, patent-protected
electroceutical therapy for treating patient pain, inflammatory conditions,
cardiovascular diseases and central nervous system disorders. The company’s
flagship product, SofPulse, uses targeted electrical microcurrents to gently
help reduce tissue swelling and speed up the natural recovery process.
Endonovo’s electroceutical therapy has received clearance
for the palliative treatment of post-surgical pain and edema (swelling) from
the U.S. Federal Drug Administration, has national coverage from the Centers
for Medicare and Medicaid Services in chronic wound treatment and maintains a
CE-mark certification that indicates conformity with European Economic Area
health and environmental protection standards related to wound, pain and edema
treatment.
On June 13, the company detailed its initial strategy for a
national rollout of its SofPulse targeted pulsed electromagnetic field (tPEMF)
therapy device to hospitals throughout the United States. According to the
company’s news release, Endonovo plans to be in the evaluation stage with 600
hospitals within the next 18 months, employing 300 sales representatives (http://ibn.fm/gAHv2).
“After careful consideration and discussions, and in
accordance with our internal budgets, we have reached the point at which we can
confidently announce our national rollout plan and strategy,” CEO Alan Collier
stated in a new release. “We believe, based on numerous meetings with doctors
and hospital administrators, the level of acceptance of our SofPulse device
supports our plans to be in hospitals throughout all 50 states by 2020. With
the public demanding change and options other than opioids, and with very few
alternatives to satisfy those demands, SofPulse is a natural and safe
replacement to opioids and a solution to this health crisis.”
The federal government has provided at least $2.4 billion in
grant money since 2017 to reduce opioid addiction, citing statistics reporting
tens of thousands of drug addiction-related deaths each year, although reform
advocates complain that the medical marijuana-fueled policy changes are too
narrow in scope (http://ibn.fm/E67V1).
Additional proposed legislation would provide a more widespread continuum of
care for drug recovery, but at a cost of billions of dollars in taxpayer
payouts (http://ibn.fm/5QOPp).
At the same time, media reports on new research are
countering prior claims that states with legal medicinal marijuana had seen
fewer opioid overdose deaths than states without legal medical cannabis,
showing that addiction-related deaths in medical cannabis-legal states have
actually been increasing (http://ibn.fm/X8gzJ)
and indicating that “cannabinoids have demonstrated therapeutic benefits, but
reducing population-level opioid overdose mortality does not appear to be among
them,” according to a piece published by The Philadelphia Inquirer (http://ibn.fm/MPi3t).
Endonovo’s SofPulse device aims to elevate discussion of
non-drug solutions to the addiction crisis (http://ibn.fm/tXlin), noting that, as the device reduces
edema and pain levels, thereby decreasing the requirement for medication,
“patients can move around sooner, which stimulates the body’s natural response
to healing… (And) unlike prescription medications, SofPulse has no known
side effects.” The company has filed an 8-K with the Securities and Exchange
Commission, providing its new nationwide marketing plan with sales projections.
For more information, visit the company’s website at www.Endonovo.com
NOTE TO INVESTORS: The latest news and updates
relating to ENDV are available in the company’s newsroom at http://ibn.fm/ENDV
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