Undervalued Medical Stock
Medical Waste Management Stock News
on Investment News Show
The September 27th show features Medical Waste Management stock
Skyline Medical, Inc. (stock symbol: SKLN) and an interview
Dr. Carl Schwartz, Interim Chief Executive Officer
Bob Beringer, Chief Executive Officer of Electronic On-Ramp and
Richard Gabriel, Co-founder and Chief Operating Officer of GLG Pharma, LLC.
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Hear a Replay of Part 1 of the Show:
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Interviews cover recent news that Skyline Medical has signed a partnership agreement with GLG, which intends to develop rapid diagnostic tests that utilize fluid and tissue collected by the STREAMWAY System during procedures.
Medical stock news on the expected joint venture with Electronic On-Ramp to supply STREAMWAY to U.S. government mobile operating rooms, including disaster relief sites will also be discussed.
Skyline Medical and GLG Pharma Enter into Partnership to Develop Diagnostic Tests for Skyline’s STREAMWAY System
Under the terms of the agreement, GLG intends to develop rapid diagnostic tests that utilize fluid and tissue collected by the STREAMWAY System during procedures. Skyline Medical will issue common stock to GLG in four separate tranches, with each tranche released after the achievement of certain development milestones. In addition, Skyline will pay a royalty to GLG on the sale of individual tests.
Initial tests are anticipated to include cancer biomarkers and infectious diseases. The oncology test panels will feature GLG’s patented inhibitors of Signal Transducers and Activators of Transcription 3 (STAT3), which are in preclinical development for a new generation of targeted therapies.
The new standard in waste fluid management.
Skyline Medical developed the patented, FDA-approved STREAMWAY System, which simplifies and improves the management of surgical fluid for the benefit of patients, staff and the environment.
The revolutionary, FDA-approved STREAMWAY® System is an automated, direct-to-drain system that’s changing the way healthcare facilities collect and dispose of potentially infectious waste fluid.
Skyline Medical produces a fully automated, patented, FDA-cleared waste fluid disposal system that virtually eliminates staff exposure to blood, irrigation fluid and other potentially infectious fluids found in the healthcare environment.
Antiquated manual fluid handling methods that require hand carrying and emptying filled fluid canisters present an exposure risk and potential liability.
Skyline Medical’s STREAMWAY System fully automates the collection, measurement and disposal of waste fluids and is designed to:
1) reduce overhead costs to hospitals and surgical centers;
2) improve compliance with OSHA and other regulatory agency safety guidelines;
3) improve efficiency in the operating room, and radiology and endoscopy departments, thereby leading to greater profitability; and
4) provide greater environmental stewardship by helping to eliminate the approximately 50 million potentially disease-infected canisters that go into landfills each year in the U.S.
Medical Waste Management Stock News
Skyline Medical to Hold Business Update Conference Call on September 8th to discuss its proposed joint venture with Electronic On-Ramp and other corporate activities – See news
Dr. Carl Schwartz
INTERIM PRESIDENT AND CHIEF EXECUTIVE OFFICER, DIRECTOR
Dr. Schwartz was appointed to Skyline Medical’s board of directors in March 2016, and became interim president and chief executive officer in May 2016. He has owned and managed dental groups in Michigan, beginning with one practice in 1966, and overseeing its expansion into a 14-office practice when he left the active practice of dentistry in 1988. He currently owns two dental practices, in Burton, Mich. and Grand Blanc, Mich.
In 1988 Dr. Schwartz joined a family business, becoming chief executive officer of Plastics Research Corporation, a Flint, Mich. manufacturer of structural foam molding, a low pressure injection molding process. While there, he led its growth from $2 million in revenues and 20 employees, to its becoming the largest manufacturer of structural foam molding products under one roof in the U.S. with more than $60 million in revenues and 300 employees when he retired in 2001.
Dr. Schwartz previously served on the board of Delta Dental Corporation of Michigan, was a member of the Michigan Advisory Board for Liberty Mutual Insurance and was a member of the Board of Trustees of the Museum of Contemporary Art in Florida.
He holds B.A. and D.D.S. degrees from the University of Detroit.
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