Reports Robust Pipeline of Clinics in Trials Across Multiple States through Partnership with Axial Biologics

ROSELAND, N.J., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Milestone Scientific Inc. (NYSE: MLSS), a leading developer of computerized drug delivery instruments that provide painless and precise injections, today announced that iHeal Pain Center has adopted the CompuFlo? Epidural System following successful epidural steroid injection (ESI) procedures by Dr. Desai, DO. Dr. Desai has performed six cervical and two lumbar ESI procedures using the CompuFlo? Epidural System, leading to its integration within the clinic.

This milestone marks the launch of the next phase of Milestone Scientific's commercial activities, following the recent achievement of a granted Medicare Part B Physician payment rate with First Coast Service Options Inc. (FCSO) and Novitas Solutions, Inc. for the CompuFlo? Epidural System under the American Medical Association’s (AMA) technology-specific Category III CPT? code CPT0777T (real-time pressure-sensing epidural guidance system when used in conjunction with a primary ESI procedure). The favorable Medicare Price Assignment was granted across multiple Jurisdictional Medicare Administrative Contractors (JMAC) regions, including key states such as Florida, Texas, Pennsylvania, New Jersey, Maryland, Colorado, Oklahoma, Louisiana, Arkansas, Mississippi, New Mexico, District of Columbia, and Delaware.

In addition to the Medicare pricing, Milestone Scientific recently announced a strategic partnership with Axial Biologics aimed at accelerating the adoption of the CompuFlo? Epidural System. The iHeal Pain Center represents the first clinic added through this partnership, with multiple customer pilots underway in key states such as New Jersey, Texas, and Florida.

“We are extremely pleased with our partnership with Axial Biologics, which has already led to the successful integration of the CompuFlo? Epidural System at iHeal Pain Center,” stated Arjan Haverhals, CEO of Milestone Scientific. “The feedback we’ve received from clinicians has been positive, particularly following the recent Medicare price assignment. The clinical benefits of the CompuFlo? system are clear—it provides real-time feedback, increasing precision for providers while reducing complications and enhancing patient safety. We are working tirelessly, providing demos and performing procedures at numerous clinics. This robust pipeline gives us confidence in our ability to convert these clinics into long-term users of the technology.”