Vivos Opens Third Funding Round in March 2018
Third Round of Funding Follows Two Previous Successful Rounds in 2017
DENVER (February 12, 2018) – Vivos Therapeutics, a world leader in the treatment of obstructive sleep apnea, announced today that the company will offer a third funding round for investors, with the opening date to be announced soon.
The Vivos System is a breakthrough technology and treatment for OSA and may be the first viable long-term solution to address a major root cause of the condition: an underdeveloped or obstructed airway. While the vast majority of OSA solutions treat the symptoms through either pressure or force, the Vivos appliance gently remodels the upper airway by gradually developing/repositioning the jaws, thus restoring healthy sleep and breathing. While other OSA treatment modalities, such as CPAP, require lifetime use and nightly wear, the Vivos System treatment typically lasts 12 to 24 months, and can allow some patients to avoid further clinical intervention.
The Vivos System is an all-natural, non-invasive, non-surgical, drug free treatment, featuring its patented DNA appliance® (currently a Class I medical device) and mRNA appliance® (a Class II medical device) as well as certain pediatric formation appliances that are also Class I medical devices. The Company’s mRNA appliance® was cleared by the United States Food and Drug Administration (FDA), for the treatment of mild to moderate sleep apnea on May 8, 2014.
“We know the Vivos System can dramatically change the course and impact of overall health for those suffering from sleep apnea,” said Kirk Huntsman, chief executive officer. “With our funding rounds, we will be able to positively impact even more OSA patients, ranging from young children to seniors.”
The first round of fundraising, which took place in late 2016 and finalized in 2017, was priced at $.50, and was quickly oversubscribed. The company’s second round of funding, priced at $1.50 per share, also sold out and was oversubscribed.
The announced third round will be for one million shares priced at $2.50 per share and will open in early to mid-March 2018, according to company management.
For more information about Vivos, please click here.
Media Contact: Shannon Michael, SnappConner PR, firstname.lastname@example.org
Founded in 2016, Vivos Therapeutics combines breakthrough technology for specially designed oral appliances with proprietary clinical protocols for obstructive sleep apnea (OSA) treatment that can restore and enhance the human airway. Because its patented FDA Class I and II medical devices are thought to be the first treatment that addresses the root causes of OSA, Vivos can improve the airway so that further clinical intervention may no longer be required in some cases. Other treatments for this insidious and dangerous condition require lifetime treatment, which has a significant impact on U.S. healthcare costs. Because the Vivos System is all-natural, non-invasive and non-pharmaceutical, many more patients will be able to receive treatment from the 750+ (and growing) independent providers who have been trained and certified in the Vivos methodology and who have already treated more than 8,000 patients. The company also is creating Vivos Breathing Wellness Centers in major metro areas, working with licensed and trained local medical and dental professionals. For more information, visit vivoslife.com.