News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Neuroscience Therapy Corporation Reveals Economic Impact Of Pain


5/2/2006 11:29:08 AM

LAS VEGAS, May 2 /PRNewswire-FirstCall/ - Neuroscience Therapy Corp. reports economic statistics related to pain and the burden it puts on society. The Company believes its leading product P-Stim will help to alleviate this burden.

Chronic pain is the most costly health problem in the U.S. today, according to the NIH and UAB Health Systems. It is estimated that 98 million people in the U.S. suffer from just the four most common types of chronic pain: arthritis pain, migraine pain, low back pain and cancer pain.

The economic impact that chronic and acute pain has on society is enormous. It is reported that more than half of patients reporting chronic pain are older than 55. This burden is expected to grow in future years as the numbers of baby boomers age.

According to the American Chronic Pain Association, 56 percent of people taking pain medication are concerned about potential side effects, addiction, need for higher doses and life dependency on drugs.

Neuroscience Therapy Corp. believes P-Stim will appeal to this group, because it has no known side effects, unlike many pharmaceutical drugs. Because P-Stim has been proven to be effective and safe in Europe, the Company believes it will thrive as they begin marketing P-Stim.

Neuroscience Therapy Corp. President Dr. Randolph A. Turpin said, "It is in an ideal time to begin marketing P-Stim. It's obvious that there's a great need for our product, and we plan to benefit from it."

About Neuroscience Therapy Corporation:

Neuroscience Therapy Corporation's operations are located in Southern California. It holds the rights to a new, safe and innovative technology to relieve pain. Its product portfolio consists of two complimentary products: the P-Stim(TM) Electro Stimulation Device and the Multi-Point(TM) Stylus. These products have no known side effects, unlike many pharmaceutical pain relievers. The neurostimulation market is in its infancy and could reach several billion dollars in sales. The Company is working toward being a leader in this market. For more information about Neuroscience Therapy Corp., visit: www.neurosciencetherapy.com .

Legal Notice Regarding Forward Looking Statements

The statements in this press release that relate to the Company's expectations with regard to the future impact on the Company's results are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.

Contact: Neuroscience Therapy Corporation Raymond Johnson 1-866-639-3900

Neuroscience Therapy Corporation

CONTACT: Neuroscience Therapy Corporation, Raymond Johnson, 1-866-639-3900


Read at BioSpace.com

comments powered by Disqus
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES