WALTHAM, Mass.--(BUSINESS WIRE)--
NeuroMetrix,
Inc. (Nasdaq: NURO), a medical device company focused on management
of chronic pain and peripheral neuropathies, today announced that it had
entered into an agreement with the Diabetes Care Club LLC, a wholly
owned subsidiary of Simplex Healthcare, for the mail order distribution
of the SENSUS™ Pain Management System to Medicare patients.
Diabetes Care Club is one of the largest providers of mail-order
diabetes supplies in the United States. It is one of only 19 companies
authorized by the Centers for Medicare and Medicaid Services (CMS) to
distribute diabetes testing supplies to Medicare beneficiaries via
mail-order.
The SENSUS Pain Management System is a convenient and wearable
non-invasive electrical nerve stimulator that offers patients a
fast-acting, non-narcotic option for relief from chronic pain. The
device is lightweight and can be worn during the day while remaining
active, or at night while sleeping. It is specifically designed for
people with diabetes that suffer from chronic pain. The most common
cause of such pain is painful diabetic neuropathy (PDN), which affects
up to 5 million people in the U.S. alone.
"Our customer feedback indicates that diabetic nerve pain is common in
our patients, and that they have a strong interest in a pain relief
option such as SENSUS,” said Michael Iskra, Simplex Healthcare Chief
Executive Officer, “This is an opportunity for us to expand our product
offerings to address a common complication of diabetes in support of our
patients and we look forward to having success with SENSUS."
"Simplex Healthcare is an important business partner in our strategy to
develop widespread distribution for SENSUS through multiple channels,"
said Shai N. Gozani M.D., Ph.D., NeuroMetrix President and Chief
Executive Officer. "Diabetes Care Club represents a premier mail-order
brand with a strong focus on improving the health of people with
diabetes. Their focus on customer service and operations compliments our
core strengths in product innovation and clinical performance. People
with painful diabetic neuropathy will benefit from this partnership."
About Simplex Healthcare and Diabetes Care Club
Diabetes Care Club, a Simplex Healthcare brand, has grown to become the
third largest mail order supplier of diabetic testing supplies for
seniors. The company provides home delivery of medical supplies for
patients with diabetes and a social network that offers help, support
and information for people living with the disease. For additional
information, visit www.DiabetesCareClub.com
and www.SimplexHealthcare.com.
About NeuroMetrix
NeuroMetrix is a medical device company that develops and markets home
use and point-of-care devices for the treatment and management of
chronic pain and peripheral neuropathies. The Company is presently
focused on diabetic neuropathies, which affect over 50% of people with
diabetes. If left untreated, diabetic neuropathies trigger foot ulcers
that may require amputation and cause disabling chronic pain. The annual
cost of diabetic neuropathies has been estimated at $14
billion in the United States. The company markets the SENSUS™
Pain Management System for treating chronic pain, focusing on physicians
managing patients with painful diabetic neuropathy. The company also
markets the DPNCheck® device, which is a rapid, accurate, and
quantitative point-of-care test for diabetic neuropathy. This product is
used to detect diabetic neuropathy at an early stage and to guide
treatment. For more information, please visit http://www.neurometrix.com.
