| Symbol | BIEL |
|---|---|
| Name | BIOELECTRONICS CORP. |
| Sector | UNDEFINED |
| Region | North America |
| Industry | - |
| Address | 21704 United States MD 4539 Metropolitan Court |
| Telephone | 301-874-4890 |
| Fax | — |
| — | |
| Website | http://www.bielcorp.com |
| Incorporation | US |
| Incorporated On | 2000 |
| Employees | — |
| Fiscal Year | 12/31 |
| Public Since | — |
| Exchanges | OTC |
| Auditor | CFO Chesapeake LLC; |
| Audit Status | UNAUDITED |
| Reporting Status | Alternative Reporting Standard |
| CIK | 0001320869 |
| Description | BioElectronics develops & commercializes electrical stimulation/neuromodulation technology. Its flagship technology is wearable, non-thermal pulsed shortwave therapy (PSWT), which is used to treat and manage a variety of chronic neurological disorders such as chronic pain. The company boasts 4 FDA 510 (k) clearances for its devices, backed by safety & effectiveness data from 5 randomized, controlled clinical trials and numerous other registry trials. These clearances allow for two broad indications in the treatment of pain, for all anatomical sites: 1) postoperative pain (prescription); and 2) musculoskeletal pain (OTC). The Company holds market authorization in the European Union (CE mark) & MDSAP countries (USA, Canada & Australia). The Companys strategy is to prioritize its core capabilities of manufacturing, research and development of PSWT technology. The firms focus is in developing new indications for use/market authorizations & seeking commercial partners with strong marketing & selling expertise. This has resulted in 3 major sources of revenue: 1) US OTC sales for musculoskeletal pain via marketing partners such as KT Health, LLC & DonJoy, LLC who sell custom-branded devices into the consumer retail markets; 2) US sales for postoperative pain through a 1099 sales force, who sell RecoveryRx to medical professionals; 3) International sales via our international distributor partners. http://www.actipatch.com/pharmacy Additional info from OTC: |
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