Vivos Therapeutics (NASDAQ: VVOS), a medical technology company focused on developing and commercializing innovative diagnostic and treatment methods for patients suffering from a variety of health conditions, many of which are associated with breathing-related sleep conditions arising from certain dentofacial abnormalities, has signed a U.S. nationwide distribution agreement with Lincare. The two companies have been involved in a distribution pilot program, and the agreement follows the success of that program. According to the announcement, the agreement, which gives Lincare exclusive rights to distribute certain Vivos devices for the next six months, is “an important milestone” for the company as it focuses on engaging with leading durable medical equipment (“DME”) companies across the country. Lincare is a leading supplier of in-home respiratory therapy products and services for approximately 1.8 million patients.
“Across the United States, hundreds of thousands of new CPAP units are rented or sold through DME companies each month,” said Vivos chair and CEO Kirk Huntsman in the press release. “Lincare is one of the market leaders in this sector, and we are pleased to join forces with them in this pioneering initiative. It is well known that a sizable number of sleep apnea patients discontinue CPAP usage in search of alternative treatment options. This important collaboration between a national supplier of DME like Lincare and an innovative oral appliance company like Vivos will bring fresh solutions and relief to patients currently seeking alternatives. Our pilot trial allowed both parties time to work through the program logistics, including the development of a new Vivos proprietary software to manage DME patients and scale to a national level. . . . As we move forward, we see these types of agreements as a key component in Vivos’ quest to achieve positive cash flows over the next year. We are currently focused on extending the scope of our efforts with Lincare to the next five major markets, with additional markets to follow according to a rollout schedule over the next 6 to 12 months.”
To view the full press release, visit https://ibn.fm/QStm0
About Vivos Therapeutics Inc.
Vivos Therapeutics is a medical technology company focused on developing and commercializing innovative diagnostic and treatment methods for patients suffering from breathing and sleep issues arising from certain dentofacial abnormalities such as mild-to-moderate obstructive sleep apnea (“OSA”) and snoring in adults. The Vivos Method represents the first clinically effective, nonsurgical, noninvasive, nonpharmaceutical and cost-effective solution for treating mild to moderate OSA. It has proven effective in the treatment of more than 40,000 patients worldwide by more than 1,800 trained dentists. The Vivos Method includes the Vivos Complete Airway Repositioning and/or Expansion (“CARE”) appliance therapy and associated protocols that alter the size, shape and position of the soft tissues that comprise a patient’s upper airway and palate. The Vivos Method opens airway space and may significantly reduce symptoms and conditions associated with mild to moderate OSA, such as lowering Apnea Hypopnea Index scores. Vivos also markets and distributes SleepImage diagnostic technology under its VivoScore program for home sleep testing in adults and children. The Vivos Integrated Practice (“VIP”) program offers dentist training and other value-added services in connection with using the Vivos Method. For more information about this company, visit www.Vivos.com.
NOTE TO INVESTORS: The latest news and updates relating to VVOS are available in the company’s newsroom at http://ibn.fm/VVOS
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