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UnitedHealth Group, Inc. engages in the provision of health care coverage, software, and data consultancy services. It operates through the following segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment utilizes Optum's capabilities to help coordinate patient care, improve affordability of medical care, analyze cost trends, manage pharmacy benefits, work with care providers more effectively, and create a simpler consumer experience. The OptumHealth segment provides health and wellness care, serving the broad health care marketplace including payers, care providers, employers, government, life sciences companies, and consumers. The OptumInsight segment focuses on data and analytics, technology, and information to help major participants in the healthcare industry. The OptumRx segment offers pharmacy care services. The company was founded by Richard T. Burke in January 1977 and is headquartered in Eden Prairie, MN.

Unitedhealth Group Inc

UNH is trending as investors monitor the broader healthcare sector, particularly in anticipation of upcoming earnings reports from sector peers like ELV which may signal the direction of UNH. Community discussions revolve around potential impacts from government shutdowns, ACA subsidies, and the possibility of increased institutional investment following recent filings. Some traders are also expressing concern over regulatory probes and mixed opinions on the stock's short-term and long-term outlook.

GSI Technology, Inc. engages in the design, development and marketing of memory products primarily for the networking, and telecommunications markets. Its product includes Static Random Access Memory, or SRAM, which incorporated in networking and telecommunications equipment, such as routers, switches, wide area network infrastructure equipment, wireless base stations and network access equipment. It also offers services to the ongoing needs of the military, industrial, test and measurement equipment, automotive and medical markets for SRAMs .The company was founded by Lee-Lean Shu and Robert Yau in March 1995 and is headquartered in Sunnyvale, CA.

GSI Technology Inc

$GSIT is trending following news of its Compute-In-Memory APU achieving GPU-class AI performance with significantly lower energy consumption, sparking excitement about its potential to disrupt the AI semiconductor industry. Community members are discussing the possibility of a multi-day run and a potential partnership or acquisition by a larger player like $NVDA. Some traders are also eyeing the $17.50 resistance level, considering strategies around potential breakouts or reversals.

Richtech Robotics, Inc. engages in the development of robotic technologies. The firm designs, manufactures, and sells robots to restaurants, hotels, senior living centers, casinos, factories, and movie theaters. Its robots perform a variety of services including restaurant running and bussing, hotel room service delivery, floor scrubbing and vacuuming, and beverage and food preparation. The company was founded by Zhen Wu Huang and Zhen Qiang Huang on July 19, 2016 and is headquartered in Las Vegas, NV.

Richtech Robotics Inc. - Ordinary Shares - Class B

Richtech Robotics Inc.

Richtech Robotics Inc. is trending as investors anticipate the unveiling of their new AI-powered robot at the upcoming NVIDIA GTC conference, fueling speculation about potential partnerships and advancements in automation. Community discussions revolve around the stock's high short interest and potential for a violent run, with some noting Blackrock's increased share as a positive signal. Others are weighing the company's future prospects against its current market capitalization and revenue.

General Motors Co. engages in the designing, manufacturing, and selling of trucks, crossovers, cars, and automobile parts, and in providing software-enabled services and subscriptions. It operates through the following segments: GMNA, GMI, Cruise, and GM Financial. The company was founded by William C. Durant on September 16, 1908 and is headquartered in Detroit, MI.

General Motors Company

General Motors is trending following its Q3 earnings report, which included an EPS and revenue beat, as well as increased guidance. Community members are focused on the company's free cash flow and full-year EBIT outlook. Broader discussion centers on how GM is managing EV production and navigating the impact of tariffs.

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iShares Silver Trust

SLV is trending as silver prices surge, driven by a potential supply squeeze and increasing demand. The community is debating whether this rally is sustainable, with some pointing to manipulation and historical patterns, while others cite strong physical demand and potential for much higher prices. Discussions also include the impact of a weaker dollar and potential safe-haven buying amid broader market concerns.

Candel Therapeutics, Inc. is a clinical stage biotechnology company, which engages in the development and commercialization of viral immunotherapies. Its pipeline includes CAN-2409 and CAN-3110. The company was founded by Estuardo Aguilar-Cordova in 2002 and is headquartered in Needham, MA.

Candel Therapeutics Inc

CADL is trending due to positive analyst coverage and community excitement around potential breakthroughs in cancer immunotherapy, particularly for prostate cancer. Community members are discussing the company's financial positioning, potential partnerships, and the upcoming data releases for CAN-3110. Some investors believe CADL is significantly undervalued, with potential for substantial returns based on its clinical pipeline and market opportunities.

Elevance Health, Inc. operates as a health company, which engages in improving lives and communities, and making healthcare simpler. It operates through the following segments: Health Benefits, CarelonRx, Carelon Services, and Corporate and Other. The Health Benefits segment offers a comprehensive suite of health plans and services to different customers. The CarelonRx segment markets and offers pharmacy services to affiliated health plan customers, as well as to external customers. The Carelon Services segment integrates physical, behavioral, pharmacy, and social services with the aim of delivering whole health affordably by offering a broad array of healthcare related services. The Corporate & Other segment includes businesses that do not individually meet the quantitative threshold for an operating segment. The company was founded in 1944 and is headquartered in Indianapolis, IN.

Elevance Health Inc

Elevance Health is trending following its Q3 earnings release, which significantly surpassed Wall Street's profit estimates. The community is discussing the implications of the EPS beat, the company's managed medical costs, and the potential for a broader healthcare sector rally. Some are focused on share buybacks and the stock's valuation relative to peers like UNH.

AlphaVest Acquisition Corp. is a blank check company, which engages in effecting a merger, stock exchange, asset acquisition, stock purchase, and reorganization or similar business combination. The company was founded on January 14, 2022 and is headquartered in New York, NY.

AlphaVest Acquisition Corp

AlphaVest Acquisition Corp ($ATMV) is trending with significant volatility and trading halts, fueled by discussions around a potential merger; some speculate it could run much higher due to its low float. The community is closely watching for breakouts and potential short squeezes, while also cautioning about potential risks associated with SPACs and high volatility.

GIGA is a meme token deployed on the Solana blockchain intended to honor the legend Ernest Khalimov the original “Gigachad”, by utilizing the strength of memes and “Chad” energy.  GIGA is a community run project.

GigaChad

GigaChad ($GIGA) is trending as the community rallies around the meme coin, citing its strong community, Giga Fitness business, and potential for a significant run. Some traders highlight its strong presence on Solana and Coinbase, suggesting it could benefit from increased retail interest and a broader meme coin season. The community frequently uses the term "WAGMI" (We're All Gonna Make It) as a rallying cry.

Neuphoria Therapeutics, Inc. is a clinical-stage biotechnology company dedicated to developing therapies that address the complex needs of individuals affected by neuropsychiatric disorders. It focuses on developing BNC210, an oral drug designed for the acute treatment of social anxiety disorder (SAD) and the chronic treatment of post-traumatic stress disorder (PTSD) by selectively targeting the a7 nicotinic acetylcholine receptor. The company was founded on December 23, 2024 and is headquartered in Burlington, MA.

Neuphoria Therapeutics Inc.

Shares of NEUP are volatile, experiencing a significant price drop following the announcement that its Phase 3 trial for social anxiety disorder failed to meet endpoints. Despite the negative news, some investors believe the overreaction presents a buying opportunity, citing the company's cash runway through Q2 2027, partnership with Merck for an Alzheimer's drug, and potential in other pipeline products.

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Therma Bright, Inc. (TSXV: THRM) (OTCQB: TBRIF) (FSE: JNX), a burgeoning name in the medical device industry, has achieved a significant breakthrough for its flagship product, the Venowave VW5. This circulation-enhancing device recently secured a crucial designation from the Centers for Medicare and Medicaid Services (CMS), positioning it for success within the expansive Medicare and Medicaid frameworks.The Venowave VW5 has been awarded a permanent Healthcare Common Procedure Coding System (HCPCS) code, a pivotal development that could propel Therma Bright into the forefront of the deep vein thrombosis (DVT) treatment market. Industry estimates project this market to grow to $1.5 billion by 2032, offering substantial growth prospects for Therma Bright, which currently holds a modest market cap of USD $21 million.Introducing Therma Bright: Innovating Blood Clot Prevention, and BeyondTherma Bright, Inc., the innovative force behind the Venowave VW5, specializes in cutting-edge diagnostic and medical device technologies. While the company boasts a diverse portfolio, the Venowave VW5 is currently generating the most investor enthusiasm.<img src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_09_10_at_5_14_31_PM_5254def16f.png" alt="Screenshot 2024-09-10 at 5.14.31 PM.png">The Venowave VW5 is a device designed to be worn on the calf, where it generates wave-like motions to massage the leg and promote blood circulation. This function is critical in pushing blood back to the heart, helping to prevent blood clotting, particularly in cases of DVT—a condition that affects approximately 900,000 Americans annually, according to the CDC. Unlike traditional compression socks, which can cause discomfort and skin issues, the VW5 offers a more comfortable and effective alternative for DVT patients.Venowave VW5 Achieves Key Medicare &amp; Medicaid DesignationThe Venowave VW5 is the first device of its kind to be classified as Durable Medical Equipment (DME) with a new HCPCS Level II code. This designation enhances the device's credibility as a treatment option and streamlines billing and reimbursement processes through Medicare and Medicaid. This is expected to increase its appeal among patients seeking treatment for DVT.Medicare and Medicaid reimbursement is crucial for a company like Therma Bright because it opens the door to a vast and stable market of insured patients, ensuring consistent demand for their products. Securing reimbursement from these programs not only validates the effectiveness and necessity of their devices but also simplifies the purchasing process for patients and healthcare providers. For investors, this is a significant milestone as it enhances the company’s revenue potential and reduces financial risk, making Therma Bright a more attractive and reliable investment opportunity.As per the recent announcement, patients will have the option to purchase a pair of Venowave devices outright with a capped reimbursement of $1,199. Alternatively, they can opt for a rental plan, with monthly reimbursement capped at $78.05, totaling $819.55 over 13 months. Ownership of the device will transfer to the patient after the 13th rental payment.Strategic Distribution Partnership SecuredShortly after receiving its new designation, Therma Bright announced a partnership with a major distributor to launch an initial sales program. This initiative aims to assess Medicare and Medicaid reimbursement timelines and billing procedures. If successful, the distributor has agreed to purchase the remaining Venowave VW5 inventory, valued at $2.38 million.While the distributor's identity has not been disclosed, it is expected that further details will emerge as the program progresses. This partnership marks a crucial step towards establishing the VW5 as a preferred DVT treatment, particularly for patients covered by Medicare and Medicaid. Therma Bright's CEO, Rob Fia, anticipates a "significant increase" in monthly orders as a result.Beyond DVT: Expanding the Venowave VW5's ApplicationsWhile the Venowave VW5 is already gaining attention for its role in DVT treatment, its potential applications extend far beyond. The device is capable of addressing a wide range of conditions, significantly broadening Therma Bright's total addressable market.In addition to DVT, the VW5 can be used for:<ol><li>Managing symptoms of post-thrombotic syndrome (PTS)</li><li>Preventing primary thrombosis</li><li>Treating lymphedema</li><li>Reducing post-operative pain and swelling</li><li>Alleviating leg swelling caused by vascular insufficiency</li><li>Treating varicose veins</li><li>Managing chronic venous insufficiency</li><li>Enhancing blood circulation</li><li>Addressing intermittent claudication</li></ol>All of these ailments represent blue sky for Therma Bright as each one of these very common medical issues, as they potentially become approved, would unlock a whole new category of customer for the company.&nbsp;Therma Bright's Diverse, Late-Stage Product Pipeline&nbsp;Therma Bright's diverse product portfolio is a key driver of its investor appeal, with its investment in Inretio at the forefront.&nbsp;Inretio is revolutionizing ischemic stroke treatment with its Preva® clot-retrieval device, which has recently completed its<a href="https://finance.yahoo.com/news/therma-bright-major-milestone-portfolio-100000110.html"> third successful human trial</a>. This groundbreaking technology represents a significant leap in thrombectomy procedures, offering unmatched precision in restoring blood flow for stroke patients, even when traditional treatments like tPA fail.&nbsp;<img src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_09_10_at_5_15_28_PM_5b99c7f619.png" alt="Screenshot 2024-09-10 at 5.15.28 PM.png">The Preva® device's patented protective basket design reduces the risk of embolization and minimizes the need for repeated maneuvers, positioning it as a potential game-changer in the global market for advanced clot removal solutions. As Inretio progresses towards FDA 510K designation, the success of the Preva® device underscores the strategic value of Therma Bright's investment in cutting-edge medical technologies.With the global coronary stents market expected to reach $4.8 billion by 2029, the continued development of this device could greatly enhance Therma Bright's portfolio.The $16 Billion COPD MarketTherma Bright is making significant strides with its investment in InStatin, a company developing innovative inhaled statin therapies for respiratory diseases like asthma and Chronic Obstructive Pulmonary Disease (COPD). Unlike traditional statin therapies that are administered orally, InStatin’s novel delivery system targets the airways and lungs directly, potentially offering a more effective treatment at lower dosages. This cutting-edge approach could revolutionize the management of these respiratory conditions, which collectively affect over 600 million people globally.<img src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_09_10_at_5_15_34_PM_afe9034042.png" alt="Screenshot 2024-09-10 at 5.15.34 PM.png">The global market for asthma and COPD treatments is substantial, with an estimated value exceeding $16 billion annually. This presents a significant growth opportunity for Therma Bright as InStatin progresses through pre-clinical stages. The unique benefits of inhaled statins—such as reduced tissue thinning and longer-lasting therapeutic effects compared to steroids—position this technology as a promising alternative in a market that has seen little innovation over the past 50 years.With a 17% equity stake in InStatin and a 60% stake in Invixa, Therma Bright is well-positioned to capitalize on the success of these therapies.Turn Your Head and CoughTherma Bright has also played a pivotal role in developing the Digital Cough Test in collaboration with AI4LYF. This innovative app uses artificial intelligence to monitor various respiratory diseases through cough analysis, further diversifying Therma Bright’s product offerings.<img src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_09_10_at_5_15_39_PM_68fe2a4028.png" alt="Screenshot 2024-09-10 at 5.15.39 PM.png">Bringing it all TogetherTherma Bright's strategic focus on both medical devices and drug therapies places the company in a unique position within the healthcare sector. The company’s flagship products—ranging from the Venowave VW5 for DVT prevention to the Preva® clot-retrieval device and inhaled statin therapies—target significant, multi-billion-dollar markets. Combined, the market opportunities across these indications surpass $22 billion globally, highlighting the substantial revenue potential for Therma Bright which pales in comparison to their tiny market value of just USD $21 Million.What sets Therma Bright apart is its emphasis on medical devices, which typically face shorter, less expensive, and less risky development timelines compared to pharmaceutical drugs. The company's advancements with the Venowave VW5 and Preva® device, both of which are already far along in the regulatory process, partially de-risk their pipeline. This progress contrasts with the longer, more expensive, and more uncertain path often associated with drug development.&nbsp;By focusing on innovative medical devices that address large and unmet medical needs, Therma Bright is poised to potentially capture significant market share, offering a compelling growth story for investors as it continues to push the boundaries of healthcare innovation.

Therma Bright (TBRIF) Stock Skyrockets After Medicare and Medicaid Milestone, Enters Multi-Billion-Dollar Market

Therma Bright’s Venowave VW5 achieves a Medicare code, boosting its market reach in DVT treatment. With new partnerships and a diverse product pipeline, the company is set for significant growth.

Therma Bright Gains Medicare Milestone, Expands into $1.5B Market

public companies

Therma Bright’s stock surges as its Venowave VW5 device secures a crucial Medicare and Medicaid designation, entering the $1.5B DVT market. With a strategic distribution partnership, Therma Bright is poised for rapid growth in medical devices and therapies.


Click to follow <a href="https://stocktwits.com/symbol/TBRIF">Therma Bright, Inc. </a>(TSXV: THRM) (<a href="https://stocktwits.com/symbol/TBRIF">OTCQB: TBRIF</a>) (FSE: JNX)A burgeoning name in the medical device industry, has achieved a significant breakthrough for its flagship product, the Venowave VW5. This circulation-enhancing device recently secured a crucial designation from the Centers for Medicare and Medicaid Services (CMS), positioning it for success within the expansive Medicare and Medicaid frameworks.The Venowave VW5 has been awarded a permanent Healthcare Common Procedure Coding System (HCPCS) code, a pivotal development that could propel Therma Bright into the forefront of the deep vein thrombosis (DVT) treatment market. Industry estimates project this market to grow to $1.5 billion by 2032, offering substantial growth prospects for Therma Bright, which currently holds a modest market cap of USD $21 million.Introducing Therma Bright: Innovating Blood Clot Prevention, and BeyondTherma Bright, Inc., the innovative force behind the Venowave VW5, specializes in cutting-edge diagnostic and medical device technologies. While the company boasts a diverse portfolio, the Venowave VW5 is currently generating the most investor enthusiasm.<img src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_09_10_at_5_14_31_PM_5254def16f.png" alt="Screenshot 2024-09-10 at 5.14.31 PM.png">The Venowave VW5 is a device designed to be worn on the calf, where it generates wave-like motions to massage the leg and promote blood circulation. This function is critical in pushing blood back to the heart, helping to prevent blood clotting, particularly in cases of DVT—a condition that affects approximately 900,000 Americans annually, according to the CDC. Unlike traditional compression socks, which can cause discomfort and skin issues, the VW5 offers a more comfortable and effective alternative for DVT patients.Venowave VW5 Achieves Key Medicare &amp; Medicaid DesignationThe Venowave VW5 is the first device of its kind to be classified as Durable Medical Equipment (DME) with a new HCPCS Level II code. This designation enhances the device's credibility as a treatment option and streamlines billing and reimbursement processes through Medicare and Medicaid. This is expected to increase its appeal among patients seeking treatment for DVT.Medicare and Medicaid reimbursement is crucial for a company like Therma Bright because it opens the door to a vast and stable market of insured patients, ensuring consistent demand for their products. Securing reimbursement from these programs not only validates the effectiveness and necessity of their devices but also simplifies the purchasing process for patients and healthcare providers. For investors, this is a significant milestone as it enhances the company’s revenue potential and reduces financial risk, making Therma Bright a more attractive and reliable investment opportunity.As per the recent announcement, patients will have the option to purchase a pair of Venowave devices outright with a capped reimbursement of $1,199. Alternatively, they can opt for a rental plan, with monthly reimbursement capped at $78.05, totaling $819.55 over 13 months. Ownership of the device will transfer to the patient after the 13th rental payment.Strategic Distribution Partnership SecuredShortly after receiving its new designation, Therma Bright announced a partnership with a major distributor to launch an initial sales program. This initiative aims to assess Medicare and Medicaid reimbursement timelines and billing procedures. If successful, the distributor has agreed to purchase the remaining Venowave VW5 inventory, valued at $2.38 million.While the distributor's identity has not been disclosed, it is expected that further details will emerge as the program progresses. This partnership marks a crucial step towards establishing the VW5 as a preferred DVT treatment, particularly for patients covered by Medicare and Medicaid. Therma Bright's CEO, Rob Fia, anticipates a "significant increase" in monthly orders as a result.Beyond DVT: Expanding the Venowave VW5's ApplicationsWhile the Venowave VW5 is already gaining attention for its role in DVT treatment, its potential applications extend far beyond. The device is capable of addressing a wide range of conditions, significantly broadening Therma Bright's total addressable market.In addition to DVT, the VW5 can be used for:- Managing symptoms of post-thrombotic syndrome (PTS)- Preventing primary thrombosis- Treating lymphedema- Reducing post-operative pain and swelling- Alleviating leg swelling caused by vascular insufficiency- Treating varicose veins- Managing chronic venous insufficiency- Enhancing blood circulation- Addressing intermittent claudication&nbsp;All of these ailments represent blue sky for Therma Bright as each one of these very common medical issues, as they potentially become approved, would unlock a whole new category of customer for the company.&nbsp;Therma Bright's Diverse, Late-Stage Product Pipeline&nbsp;Therma Bright's diverse product portfolio is a key driver of its investor appeal, with its investment in Inretio at the forefront.&nbsp;Inretio is revolutionizing ischemic stroke treatment with its Preva® clot-retrieval device, which has recently completed its<a href="https://finance.yahoo.com/news/therma-bright-major-milestone-portfolio-100000110.html"> third successful human trial</a>. This groundbreaking technology represents a significant leap in thrombectomy procedures, offering unmatched precision in restoring blood flow for stroke patients, even when traditional treatments like tPA fail.&nbsp;<img src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_09_10_at_5_15_28_PM_5b99c7f619.png" alt="Screenshot 2024-09-10 at 5.15.28 PM.png">The Preva® device's patented protective basket design reduces the risk of embolization and minimizes the need for repeated maneuvers, positioning it as a potential game-changer in the global market for advanced clot removal solutions. As Inretio progresses towards FDA 510K designation, the success of the Preva® device underscores the strategic value of Therma Bright's investment in cutting-edge medical technologies.With the global coronary stents market expected to reach $4.8 billion by 2029, the continued development of this device could greatly enhance Therma Bright's portfolio.The $16 Billion COPD MarketTherma Bright is making significant strides with its investment in InStatin, a company developing innovative inhaled statin therapies for respiratory diseases like asthma and Chronic Obstructive Pulmonary Disease (COPD). Unlike traditional statin therapies that are administered orally, InStatin’s novel delivery system targets the airways and lungs directly, potentially offering a more effective treatment at lower dosages. This cutting-edge approach could revolutionize the management of these respiratory conditions, which collectively affect over 600 million people globally.<img src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_09_10_at_5_15_34_PM_afe9034042.png" alt="Screenshot 2024-09-10 at 5.15.34 PM.png">The global market for asthma and COPD treatments is substantial, with an estimated value exceeding $16 billion annually. This presents a significant growth opportunity for Therma Bright as InStatin progresses through pre-clinical stages. The unique benefits of inhaled statins—such as reduced tissue thinning and longer-lasting therapeutic effects compared to steroids—position this technology as a promising alternative in a market that has seen little innovation over the past 50 years.With a 17% equity stake in InStatin and a 60% stake in Invixa, Therma Bright is well-positioned to capitalize on the success of these therapies.Turn Your Head and CoughTherma Bright has also played a pivotal role in developing the Digital Cough Test in collaboration with AI4LYF. This innovative app uses artificial intelligence to monitor various respiratory diseases through cough analysis, further diversifying Therma Bright’s product offerings.<img src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_09_10_at_5_15_39_PM_68fe2a4028.png" alt="Screenshot 2024-09-10 at 5.15.39 PM.png">Bringing it all TogetherTherma Bright's strategic focus on both medical devices and drug therapies places the company in a unique position within the healthcare sector. The company’s flagship products—ranging from the Venowave VW5 for DVT prevention to the Preva® clot-retrieval device and inhaled statin therapies—target significant, multi-billion-dollar markets. Combined, the market opportunities across these indications surpass $22 billion globally, highlighting the substantial revenue potential for Therma Bright which pales in comparison to their tiny market value of just USD $21 Million.What sets Therma Bright apart is its emphasis on medical devices, which typically face shorter, less expensive, and less risky development timelines compared to pharmaceutical drugs. The company's advancements with the Venowave VW5 and Preva® device, both of which are already far along in the regulatory process, partially de-risk their pipeline. This progress contrasts with the longer, more expensive, and more uncertain path often associated with drug development.&nbsp;By focusing on innovative medical devices that address large and unmet medical needs, Therma Bright is poised to potentially capture significant market share, offering a compelling growth story for investors as it continues to push the boundaries of healthcare innovation.

<h1>Tiny Healthcare Stock With $35 Million Market Cap Becomes Major Player Overnight in Rapidly Growing $1 Billion Market</h1><h2>Therma Bright (THRM) secures permanent Medicare and Medicaid reimbursement codes for Venowave VW5, making it the only product with reimbursement codes in deep vein thrombosis (DVT) market, expected to grow in value to US $1.55 billion by 2032.</h2>&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://wealthyvc.com/tag/therma-bright">Therma Bright (TSXV: THRM) (OTCQB: TBRIF) (FSE: JNX)</a>, a leader in proprietary diagnostic and medical device technology, is making significant strides in addressing critical health challenges with its innovative solutions. The company’s&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.newsfilecorp.com/release/220400/Therma-Brights-Venowave-VW5-Secures-Permanent-HCPCS-Code-E0683-from-U.S.-DHHSs-Centers-for-Medicare-Medicaid-Services?k=therma%20bright">latest achievement</a>, the permanent Healthcare Common Procedure Coding System (HCPCS) code E0683 for its Venowave VW5 device, marks a crucial milestone in enhancing patient care and expanding market reach.<h3>Venowave VW5: A Revolutionary Approach to Circulatory Health</h3>The&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.thermabright.com/venowave/">Venowave VW5</a> is a first-of-its-kind piece of Durable Medical Equipment designed to treat and prevent deep vein thrombosis (DVT) and other circulatory issues by utilizing a series of compact, battery-operated peristaltic pumps that generate a wave-form motion.Worn below the knee and strapped firmly to the calf, the Venowave device provides compression to the calf and creates an increased upward volumetric displacement of venous and lymph fluid, resulting in improved vascular and lymphatic flow in the lower limbs.The device, now recognized by the U.S. Department of Health &amp; Human Services’ Centers for Medicare and Medicaid Services (CMS) with its own HCPCS code, offers patients a much-needed alternative to traditional treatments like compression socks. Unlike compression socks, which can cause discomfort and skin issues, the Venowave VW5 uses its wave-form motion to gently massage the calf, improving blood circulation without the associated drawbacks.Rob Fia, CEO of Therma Bright, commented on the milestone announcement, stating:<blockquote>“We’re pleased that the Centers for Medicare and Medicaid has approved our permanent code request, as well as the reimbursement pricing and the new HCPCS Level II designation for our Venowave VW5 device. As shared in several of our recent press announcements, the CDC estimates that over 900,000 U.S. citizens suffer from deep vein thrombosis (DVT) and MarketDigit’s research projected this disease will ‘reach USD 1.5 Billion by 2032’ on a global market value perspective. And DVT is only one medical condition area out of ten circulatory issues that the permanent code will cover, which is very exciting.”</blockquote>The reimbursable codes are not only a great opportunity for Therma Bright but also for the company’s customers, reseller partners and shareholders.The Medicare and Medicaid codes for the Venowave VW5 cover the following ten indications:– Prevention of deep vein thrombosis (DVT) – Management of the symptoms of post-thrombotic syndrome (PTS) – Prevention of primary thrombosis – Treatment of lymphedema – Diminishing post-operative pain and swelling – Treatment of leg swelling due to vascular insufficiency – Treatment of varicose veins – Treatment of chronic venous insufficiency – Enhancing blood circulation – Treatment of intermittent claudicationPer this morning’s Therma Bright&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.newsfilecorp.com/release/220400/Therma-Brights-Venowave-VW5-Secures-Permanent-HCPCS-Code-E0683-from-U.S.-DHHSs-Centers-for-Medicare-Medicaid-Services?k=therma%20bright">press release</a>, the Venowave VW5 will have a complete patient buyout option for a pair of Venowave devices with a capped reimbursement of $1,199.The Venowave VW5 can also be rented with a capped rental fee reimbursement of $78.05 per month. The total capped rental reimbursement payment for 13 months of continuous use is $819.55, and following the 13th rental payment, the patient will become the owner of the Venowave VW5.The device’s impact is underscored by the growing need for effective DVT treatments. The global market for DVT prevention is&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.globenewswire.com/en/news-release/2024/01/29/2819535/28124/en/Deep-Vein-Thrombosis-Market-Projected-to-Ascend-to-1-26-billion-by-2028-A-Fresh-Global-Market-Report-Unveiled.html">projected to grow</a> steadily at a CAGR of 4.1% and reach US $1.26 billion by 2028 and US $1.55 billion by 2032, driven by an aging population and the increasing prevalence of lifestyle diseases like obesity. With over 900,000 Americans affected by DVT annually, the Venowave VW5 is poised to play a critical role in managing and preventing this life-threatening condition.Highlighting the significance of the development, Fia added:<blockquote>“This innovative device for addressing DVT and these other blood circulation issues is the first-of-its-kind to receive the permanent HCPCS Level II code, and we look to provide an initial sales update on our solution in the coming week. One key competitive product in the marketplace is the compression sock, which applies controlled and constant pressure on the leg to improve blood flow in the veins. Unfortunately, users of the compression socks can experience a variety of challenges, including difficulty in putting the sock on, discomfort from constant pressure, minor bruising, skin ulcers, dry skin, redness, and itching. In contrast, the Venowave VW5 simply straps on and massages the leg, applying appropriate pressure in a comfortable and soothing manner to circulate blood through the veins.”</blockquote><h3>Expanding the Portfolio: AI-Powered Solutions and Strategic Investments</h3><a target="_blank" rel="noopener noreferrer nofollow" href="https://www.thermabright.com/">Therma Bright</a>‘s commitment to innovation extends beyond the Venowave VW5. The company is also at the forefront of integrating artificial intelligence (AI) into healthcare, as demonstrated by its Digital Cough Technology (DCT). Developed in partnership with&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.thermabright.com/ai4lyf/">AI4LYF</a>, this AI-powered platform is currently&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.newsfilecorp.com/release/220173/Therma-Brights-AIPowered-Digital-Cough-Technology-Being-Considered-as-Partner-Technology-in-New-Chronic-Cough-Drug-Clinical-Trial">under consideration</a> for a U.S. clinical trial involving a new chronic cough drug. The DCT platform enables healthcare providers and epidemiologists to make more accurate and informed decisions by analyzing cough sounds, thereby improving the diagnosis and management of respiratory conditions.Fia explained:<blockquote>“Our DCT solution and data collection platform is ideally positioned for clinical studies like this one. It allows health practitioners to quickly address a patient’s respiratory issues, ultimately leading to better health outcomes.”</blockquote>Therma Bright’s strategic investments further solidify its position in the medical device industry. The company’s portfolio includes a stake in Inretio, which is revolutionizing ischemic stroke treatment with its innovative clot-retrieving device, PREVATM. This technology has shown promising results in early trials, achieving an 80% success rate compared to the 50% effectiveness of existing devices. Additionally, Therma Bright is developing inhaled statin therapies for asthma and COPD, offering a new approach to treating these widespread respiratory conditions.<h3>The Road Ahead: A Focus on Patient-Centered Innovation</h3>Therma Bright’s focus on patient-centred innovation is evident in its approach to product development and market expansion. The company’s Venowave VW5 not only provides a new standard in DVT treatment but also sets the stage for further advancements in circulatory and respiratory health.As the healthcare landscape continues to evolve, Therma Bright is well-positioned to lead the way with its cutting-edge technologies. With the Venowave VW5 already making waves in the market and its AI-powered DCT platform on the brink of clinical integration, the company is poised to make a lasting impact on the health and well-being of millions.<h3>Therma Bright (TSXV: THRM) Stock Price Action</h3>Shares of Therma Bright stock are in the midst of an epic breakout, with THRM stock up as much as&nbsp;350% since July 31, 2024, and as much as&nbsp;800% since May 31, 2024.Therma Bright stock last traded at $0.085. YTD, THRM stock is up&nbsp;183.33%.<img src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_08_20_at_7_52_22_PM_ae153f1a0d.png" alt="Screenshot 2024-08-20 at 7.52.22 PM.png" width="1436" height="864">Therma Bright, (TSXV: THRM), six-month interactive stock chart. (Source: Barchart)<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.barchart.com/stocks/quotes/THRM.VN/interactive-chart">View Therma Bright Stock Chart on Barchart</a>Read Next:&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://wealthyvc.com/biotech/tempest-therapeutics-tpst-stock-jumps-83-on-fda-phase-3-trial-news/">Tempest Therapeutics (TPST) Stock Jumps 83% on FDA Phase 3 Trial News</a><a target="_blank" rel="noopener noreferrer nofollow" href="https://www.facebook.com/groups/WealthyVC">Join the Discussion in the WVC Facebook Investor Group</a>Have a Stock Tip or New&nbsp; Story Suggestion? Email us at&nbsp;Invest@WealthyVC.comTherma Bright Inc. (CSE: PAID) is a paid client of Wealthy VC. This report/release/profile is a commercial advertisement and is for general information purposes only.&nbsp;&nbsp;This article was written by an independent contributor and does not reflect the views of Stocktwits. It has not been edited for content. The information provided here is intended solely for informational and educational purposes, and should not be interpreted as investment advice. Stocktwits does not endorse the purchase or sale of any security nor does it make any claims about the financial status of any company.

Tiny Healthcare Stock With $35 Million Market Cap Becomes Major Player Overnight in Rapidly Growing $1 Billion Market

Therma Bright secures Medicare codes for its Venowave VW5, boosting its market presence in the $1.5B DVT market and driving an 800% stock surge since May 2024.

Therma Bright Gains Medicare Code for Venowave, Stock Soars

Equity

Therma Bright (TSXV: THRM) secures permanent Medicare and Medicaid reimbursement codes for its Venowave VW5 device, making it the only DVT treatment with such codes. This innovation has driven significant stock gains, with shares rising over 800% since May 2024.

Therma Bright, Inc. engages in developing and marketing skin care medical device products. Its products include Therapik, which is used to relieve the pain, itch and inflammation of stings and bites from different species of insects and InterceptCS, which is a device to prevent cold sore outbreaks. The company was founded in 2001 and is headquartered in Toronto, Canada.

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