Vivos Therapeutics (NASDAQ: VVOS), a leading medical device and technology company specializing in the development and commercialization of highly effective proprietary treatments for sleep-related breathing disorders, including all severities of obstructive sleep apnea (“OSA”), has seen significant positive numbers since it received FDA 5109k) clearance of its CARE oral medical devices. The approval was the first time the FDA has granted clearance for an oral appliance for the treatment of moderate and severe OSA in adults, 18 years of age and older along with positive airway pressure (“PAP”) and/or myofunctional therapy, as needed. According to the announcement, new-dentist inquiries have jumped an estimated 600% and signed dentist enrollment contracts have increased 38% sequentially over Q3 2023. In addition, orders for VVOS CARE oral medical device have increased 26%. The announcement also noted the success of Toothpillow, one of VIVOS’ dental service organization (“DSO”) distribution partners. The announcement noted that Toothpillow saw an all-time record month in December, with new-patient inquiries increasing by an impressive 1,500%. “Since announcing our new FDA clearance for severe OSA, we’ve seen a substantial increase in calls and inquiries from medical doctors, dentists and patients regarding Vivos’ products,” said Vivos CEO and chair Kirk Huntsman in the press release. “We believe this significant uptick in business development and revenue-generating activity since achieving this important milestone highlights our overall value proposition across both the dental and medical communities as a highly effective treatment alternative for OSA patients. With this strong momentum coming into 2024, we expect these higher inquiries and expanded sales pipeline could create opportunities for revenue growth in 2024. Not only are we experiencing considerable growth and interest related to our Vivos CARE products that treat OSA in adults, during the past few weeks we have also seen a 53% increase in sales of our pediatric-guided growth and development appliances, which we call Vivos Guides. We expect this trend to continue in the near-term, especially considering the recent success of one of our key strategic dental service organization distribution partners, Toothpillow.”
To view the full press release, visit https://ibn.fm/PIkGq
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”) as well as snoring in adults. The Vivos Method represents the first clinically effective, nonsurgical, noninvasive, nonpharmaceutical and cost-effective solution for treating mild to severe OSA. It has proven effective in the treatment of more than 40,000 patients worldwide by more than 1,850 trained dentists. The Vivos Method includes treatment regimens that employ the proprietary Vivos Complete Airway Repositioning and/or Expansion (CARE) appliance therapy and other modalities that alter the size, shape and position of the soft tissues that comprise a patient’s upper airway and/or palate. The Vivos Method opens airway space and may significantly reduce symptoms and conditions associated with mild-to-severe 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 dentists training and other value-added services in connection with using the Vivos Method. For more information about this company, visit www.VivosLife.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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