Vivos Therapeutics announced it has acquired certain U.S. and international patents, product rights, and other miscellaneous intellectual property from Advanced Facialdontics, a company holding propriety technology on certain FDA 510(k) cleared dental and medical devices. With this asset purchase transaction, Vivos acquired U.S. patents, provisional patent applications as well as International patents, PCT patents and patent applications, thus expanding its product portfolio and revenue potential. AFD’s flagship product is the Preventive Oral Device, known as the POD. AFD’s second FDA 510(k) cleared product is known as the Night Block. Kirk Huntsman, Vivos’ Chairman and Chief Executive Officer, commented "This acquisition adds important technology and products that immediately open up new markets to us with significant revenue potential. We can now offer dentists and patients a complete line of lower cost products with higher margins alongside our existing Vivos Method treatments to meet whatever clinical needs and financial price points they may require. In this transaction, we have also acquired several U.S. and international patents, some of which were granted in just the past few months that will allow us to preserve and protect our first mover advantages in the U.S. and Canada as well as other international markets. TMD and Bruxism are very common, but often difficult to treat. We believe this highly effective technology from AFD is a real breakthrough, with significant applications across many different kinds of existing oral appliances, such as clear aligners, palatal expanders, and traditional mandibular advancement devices, as well as our own CARE devices that are part of The Vivos Method."
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on VVOS:
- Vivos Therapeutics Expands Product Line and Revenue Potential with Acquisition of Product Rights and Patents from Advanced Facialdontics, LLC
- Vivos Therapeutics to Present at the Emerging Growth Conference on February 22, 2023
- Vivos Therapeutics Regains Compliance with Nasdaq Listing Requirements
- Vivos Therapeutics regains compliance with Nasdaq listing rules
- Vivos Therapeutics initiated with a Buy at Ascendiant