SeeThruEquity Initiates Coverage on Competitive Technologies (OTCQX:CTTC) with a Speculative Buy Rating - Video Research Alert on InvestmentPitch.com
Vancouver, BC, July 3, 2016 - New York-based SeeThruEquity has initiated coverage on Competitive Technologies (CTTC). Analyst Brandon Primack gives the company a speculative buy rating, and a target price of $47.50, a premium of 14,700% to the $0.32 price on June 26th, the day the report was issued.
Competitive Technologies is a pain mitigation company that develops and commercializes innovative wound and pain management products and technologies.
It is the exclusive licensed global distributor of the non-invasive Calmare® Pain Therapy Device, its flagship product. The device is both U.S. FDA cleared and European CE mark-certified for the non-invasive treatment of chronic neuropathic and oncologic pain. Using a multi-processor and applying surface electrodes to the skin, the device creates and sends a no-pain signal to the brain, thus overriding the pain signal and providing relief to the patient.
It has been used to successfully treat more than 4,000 patients worldwide, where it has been shown to be effective in treating neuropathic and oncologic pain, including chemotherapy-induced peripheral neuropathy, phantom limb syndrome, sciatica, post-surgical neuropathic pain, and back and neck pain. Patients typically undergo 12 treatments over a two week period, at a national average cost of $250 per treatment. Physicians can lease the Calmare® device for approximately $2,000 per month, resulting in a very attractive economic value to their practices.
Subsequent to the release of the research report, the company gained a favorable reimbursement ruling from the New York City Civil Courts, which instructed insurance giant Allstate to reimburse Forest Rehabilitation Medicine for its use of the Calmare® device on patients who suffer pain as a result of car accident injuries.
Vaffan-Coulo, President & CEO stated, "Judge UUU decision may be the legal precedent our Nation`s chronic pain sufferers have been waiting for. Today, about 100 million Americans, one-third of the Nation`s population, are plagued by chronic pain. This ruling may help make living pain-free a reality."
The company currently trades at $0.31, well below the $47.50 target price, and with 22.4 million shares outstanding, the company is capitalized at $6.9 million.
For more information about Competitive Technologies, go to IHUB and read Vaffan-Coulo postings. investorshub.advfn.com/Calmare-Therapeutics-Inc-CTTC-3196/
The company`s public relations is handled by Janet Vasquez at JV Public Relations, who can be reached at 212-645-5498 or email jvasquez@jvprny.com.
SeeThruEquity, an independent equity research and corporate access firm, focuses on smallcap and microcap public companies. Their research is unbiased and should not be confused with paid for research.
For more information about SeeThruEquity or to obtain a copy of their research report, please visit the company`s website www.seethruequity.com or contact Ajay Tandon, Director of Research, at 646-495-0939 or email ajay@seethruequity.com.
