Milestone Granted New Patent

Posted on January 20, 2021 by Aaron Warwick

Milestone Scientific (MLSS), a developer of computerized drug delivery instruments, today announced a Notice of Allowance from the United States Patent and Trademark Office for a patent relating to the disposable component of their CompuFlo medical instrument. Shares of MLSS rallied to close up over 9% on the day from this news.

According to Dr. Mark Hochman, D.D.S., Inventor and Clinical Director for Milestone Scientific: “This patent will cover the unique interactions of the disposable assembly and a micro-chip security verification feature embedded in the disposables, which provides numerous clinical and safety benefits for the patient and practitioner. This patent also covers the use of an embedded security chip, which is intended to enhance the safety and integrity of our system by preventing improper reuse of the disposables, as well as ensuring our instrument can only be used with authenticated disposables for the current and future systems. Ensuring the use of only authorized disposable components is critical to CompuFlo’s performance and safety, as well as our long-term financial success .

Disclosure: I am long MLSS and may buy or sell shares at any time.

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