Nuvectra Announces Formation of Medical Advisory Board
The founding members of the Nuvectra MAB include:
Robert M. Levy, MD, PhD, will serve as Chairman of the MAB. Dr. Levy is a board-certified neurological surgeon and is a member of the Executive Board of Directors of the International Neuromodulation Society(“INS”). He has more than 25 years of experience in neurosurgery, including serving in leadership and academic positions at prestigious institutions including Northwestern University Medical School; University of Florida; and the Marcus Neuroscience Institutein Boca Raton, Florida. He is also the Editor-in-Chief of Neuromodulation: Technology at the Neural Interface, the official journal of the INS.
- Jason E. Pope, MD, is board-certified in Anesthesiology and Pain Medicine. Dr. Pope previously served as faculty at
Vanderbilt University Medical Centerand Cleveland Clinic. He is well published in peer-reviewed journals and has presented at national and international conferences. He is the President of Summit Pain Alliancein Santa Rosa, CA, where he has an active research group and continues to be highly engaged in national and international society work within the neuromodulation and pain space. W. Porter McRoberts, MD, is board-certified in Physical Medicine and Rehabilitation (“PM&R”). He is a member of the Holy Cross Hospitalin Ft. Lauderdale, FL and is a thought leader amongst physicians who practice neurostimulation therapies. He has been and currently is a principal investigator in numerous clinical trials studying medical device therapies for the treatment of pain.
Dr. Levy commented, “The team at
Nuvectra™ is a neurostimulation company committed to helping physicians improve the lives of people with chronic neurological conditions. The Algovita® Spinal Cord Stimulation (SCS) System is our first commercial offering and is CE marked and
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements," including statements we make regarding the outlook for Nuvectra as an independent publicly-traded company. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions, and therefore they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and may be outside of our control. Our actual performance may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statement made by us is based only on information currently available to us and speaks only as of the date on which it is made. Important factors that could cause our actual results to differ materially from those indicated in the forward-looking statements include: (i) our ability to successfully commercialize Algovita and to develop, complete and commercialize enhancements or improvements to Algovita; (ii) our ability to successfully compete with our current SCS competitors and the ability of our U.S. sales representatives to successfully establish market share and acceptance of Algovita, (iii) our ability to demonstrate the features, perceived benefits and capabilities of Algovita to physicians and patients in competition with similar products already well established and sold in the SCS market; (iv) our ability to anticipate and satisfy customer needs and preferences and to develop, introduce and commercialize new products or advancements and improvements to Algovita in order to successfully meet our customers’ expectations; (v) the outcome of our development plans for our neurostimulation technology platform, including our ability to identify additional indications or conditions for which we may develop neurostimulation medical devices or therapies and seek regulatory approval thereof; (vi) our ability to identify business development and growth opportunities and to successfully execute on our strategy, including our ability to seek and develop strategic partnerships with third parties to, among other things, fund clinical and development costs for new product offerings; (vii) the performance by our development partners, including Aleva Neurotherapeutics, S.A., of their obligations under their agreements with us; (viii) the scope of protection for our intellectual property rights covering Algovita and other products using our neurostimulation technology platform, along with any product enhancements or improvements; (ix) our ability to successfully build, attract and maintain an effective commercial infrastructure and qualified sales force in the
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