AVACEN Medical today announced it has formally retained Objective Capital Partners, LLC to locate a qualified purchaser to acquire the Company.
AVACEN Medical is a company involved in research and development related to medical devices designed to use its patented AVACEN Treatment Method. Its FDA-cleared AVACEN 100* product is a unique over-the-counter Class II medical device that addresses the medical needs of over one billion people worldwide. Developed over a 6 year period, the AVACEN 100 with over 3,000 firmware instructions is the world’s first noninvasive family medical device that is designed to allow users to easily treat their entire body. The AVACEN 100 has a record of approximately 500,000 treatments without a single reported negative side effect.
AVACEN Medical recently announced that ClinicalTrials.gov, a service of the U.S. National Institutes of Health, has published the results of the Company’s AVACEN Treatment Method clinical trials. The study was conducted by The University of California, San Diego and the Department of Veterans Affairs. The study results, published in the Society for Neuroscience (SfN) annual meeting and poster program indicate a major benefit for fibromyalgia sufferers using the AVACEN Treatment Method. The data show a statistically significant reduction in widespread pain of over 40%, and a decrease in tender point count to a level below the value typically used for the clinical assessment of fibromyalgia.