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New York's Owlet Nabs $15 Million in New Funding



11/10/2016 8:04:09 AM

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Owlet Raises $15 Million in New Funding

- Additional funding will support Owlet's continued product development and clinical study efforts

NEW YORK, Nov. 9, 2016 /PRNewswire/ -- Propel Orthodontics reasserts the status of its VPro5 as an FDA-compliant Class I medical device in response to misinformation circulated within the orthodontic community by a competitor. Propel Orthodontics announces that it recently received confirmation from the Food and Drug Administration that the FDA has successfully concluded its inspection of the Propel Orthodontics manufacturing facility for the VPro5, an FDA Class I device that the FDA notes "is a device that vibrates to assist clear plastic aligners fit to a patient's teeth."

"We're really pleased but not surprised that Propel passed the FDA inspection with flying colors," said Bryce Way, President of Propel Orthodontics. Mr. Way went on to note that the FDA reviewed Propel Orthodontics' marketing materials for the VPro5 and found no issues with any of them.

In late October, a judge noted that the VPro5 is "a vibratory Class I device designed to help seat clear aligners," and specifically ordered that Propel can continue to market the VPro5 device to dentists and orthodontists. http://www.prweb.com/releases/2016/10/prweb13801660.htm.

Yet doctors are continuing to be misled by a competitor's false claims that the VPro5 is not FDA compliant. The VPro5 is the first and only product specifically developed as an aligner seater for clear aligners. Properly seated aligners are crucial in helping doctors meet their goals and their patients' goals. Propel is continuing to build its clinical trial data and is confident the results of these trials will demonstrate additional benefits of using the VPro5. Propel has also launched its "You Be the Judge" campaign where doctors can try the VPro5 for free, with no obligation. CLICK HERE TO JUDGE FOR YOURSELF

"It's a travesty that there is a concerted effort to remove our product from the marketplace by spreading misinformation about the VPro5," said Peter Migneault, Executive Vice President of Propel Orthodontics. "Propel wants all doctors to know and be assured that the VPro5 is fully FDA compliant."

About Propel

Propel is a leading innovator, manufacturer and worldwide seller of orthodontic devices with offices in Ossining, New York, and Milpitas, California in the heart of Silicon Valley. The Company provides in-office and at-home orthodontic accessory devices to orthodontists and their patients, including the Excellerator line of products for performing Manual Osteoperforations and the VPro5, a vibratory orthodontic device used to properly seat clear aligners in 5 minutes a day using 120 Hertz of vibration. Propel's mission is to continue to create breakthrough technologies that will exceed the expectations and needs of the orthodontic community.

Contact:Calvin J. Fortenberry
Phone Number: 917-932-6465
Email:creativeservices.calvin@gmail.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/fda-inspection-confirms-propels-vpro5-as-class-i-device-300359975.html

SOURCE Propel Orthodontics


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