For those who are curious to know why this stock soar like this,I should explain what they are doing and how disruptive their technology is.
First of all, obesity and being over weight is one of the most challenging health problems in medical field which is a risk factor for diabetes, hypertension, Cancer and...
40% of US population are obese,
Worldwide obesity has nearly tripled since 1975. In 2016, more than 1.9 billion adults, 18 years and older, were overweight. ... 39% of adults aged 18 years and over were overweight in 2016, and 13% were obese. Most of the world's population live in countries where overweight and obesity kills more people than underweight.(WHO)
Average cost of a conventional method to insert a ballon by a gastroenterologist is around 4000 USD, insertion by endoscopic procedure which need partial sedation and it is time consuming. Moreover patients need follow ups. Balloons will help you to decrease your weight 10-15% in 6 month!
O balloon invented a cap so you just swallow it and it’s done..! No sedation, no endoscopic failure or phobia..!
This invention has a world wide market place..!
It is the benefits of have in a M.D. degree and being active in market..!