The NASDAQ is full of hidden gems if you know what to look for and, in this edition, we have a very unique opportunity for our subscribers! A med device company that has a proprietary acoustic shockwave device that is targeting a $10 billion aesthetics market. On March 21st, 2020, they will be releasing to the investing public their pivotal cellulite trial data, which was started after they completed a proof-of-concept cellulite trial that resulted in a 20-47% improvement in patient's cellulite severity score! With this news pending, here are a few highlights about the company: - They've spent more than $30 million dollars over the past 5 years developing their breakthrough acoustic shockwave device that is targeting tattoo removal, cellulite reduction and keloid/hypertrophic scars
- Their executive and science advisory teams, as well as their board of directors, are comprised of aesthetic and medical device experts, including senior management from the makers of CoolSculpting (the leading non-surgical fat reduction technology that was acquired by Allergan for over $56 per share, for a total purchase price of $2.4B).
- They were recently added to the Russell 2000 and 3000 indexes
- They recently received FDA 510(k) clearance for their Generation 1 device
- Secured 8 patent families (with 101 patents issued or pending)
- Completed their IPO at $5 per share and has since reached a high of $29 per share
Click this link to [WATCH] a video about this company and to learn about their pending news. |