Bioelectronics Corp (BIEL)

[Probity]

The latest related to the NOPAIN Act, CMS Insurance reimbursement, and then some…

April 17, 2024…
“We urge VANF to update its coverage policy to make all clinically appropriate non-opioid therapies available to VA patients immediately.
Clinically appropriate non-opioid therapies include products that are:
• Approved by the Food and Drug Administration (FDA) and, as such, deemed to be safe and
effective;
• Indicated for use in providing analgesic support for acute, postsurgical pain; and
• Proven to reduce quantities of opioids prescribed.”
https://nonopioidchoices.org/wp-content/uploads/2024/04/VANFletter_McDonough_Lieberman.pdf

April 16, 2024… letter addressed to the the Secretary of the U.S. Department of Veterans Affairs by Senators requesting a response by May 16, 2024
https://nonopioidchoices.org/wp-content/uploads/2024/04/4.16.24-NOPAIN-VA-Letter_Final-PDF.pdf

Feb. 29, 2024…
“Following introduction of a companion bill in the House, momentum builds for preventing unnecessary exposure to opioids among American seniors...”
https://www.prnewswire.com/news-releases/voices-for-non-opioid-choices-coalition-applauds-introduction-of-alternatives-to-pain-act-in-senate-302076547.html

Here’s the BILL: Alternatives to Prevent Addiction in the Nation (PAIN) Act. “The Alternatives to PAIN Act will ensure that all Americans can access safe, effective, non-addictive pain management approaches. In the process, the Alternatives to PAIN Act can prevent opioid addiction that occurs following an acute pain incident and save lives.”

The momentum keeps building, and during an election year to boot.

The NOPAIN Act/CMS Insurance reimbursement

What will it mean for BIEL?

The answer lies in BIEL’s products’ potential worth or threat to influentials’ in the Pain Space’s bottom lines, and the political winds in play. Outcome for BIEL is yet to be determined…anytime between now and 01 January 2025

Do your own due diligence and assess your own risk/reward tolerance and means/resources. No one knows what will happen.

I only know I like the momentum that keeps building.

A lot

imo