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Dan Gladney, the CEO of EnteroMedics Inc (NASDAQ:ETRM) said that as he analysis his first calendar year as CEO and President of company, he is extremely delighted with the progress he has made expanding the accessibility of vBloc Therapy. It is the best in class regimen for promoting lasting weight loss to folks fighting with obesity.

The updates

Obesity is a leading reason of preventable chronic disease and enhancing healthcare expense in the U.S. As EnteroMedics begin to analysis 2017, he is delighted to have the opportunity to provide an update on the recent commercialization measures.

Commenting on commercialization efforts, Gladney said that probably the most considerable milestone EnteroMedics accomplished this year was making vBloc accessible to the millions of veterans in the U.S., who have served the country being the members of the military. It was accomplished via an expanded association with Academy Medical, an approved service disabled veteran held small business. Through this extended association vBloc Therapy was included to Academy Medical’s 5 years’ sole source deal with the U.S. Department of Veteran Affairs.

It indicates that any veteran who entitles can get vBloc Therapy at almost no cost as per health advantages at VA medical or Department of Veteran Affairs facility. It is quite identical to a national coverage verdict by a private financier. There are more than 20 million veterans with more than 1 million that need vBloc Therapy and seeking obesity regimen at VA facilities across the U.S.

This expanded association with Academy Medical together with their other associations with institutions that encompass their staff and families like Winthrop University in NY turns vBloc Therapy more willingly available to an extended U.S. adult population. Moreover, EnteroMedics has successfully validated that vBloc Therapy is an alternative for those who have previously faced failed gastric sleeve surgery.

In the last trading session, the stock price of declined over 8% to close at $0.0500.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

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