SmileDirectClub (SDC +5.1%) responds
to statements made by some dental trade organizations and allegations
in a lawsuit filed in Nashville federal court that question the safety
and legitimacy of the company’s teledentistry platform.
“There is no factual basis nor scientific or
medical justification in these allegations to substantiate the false
claims made about our model and the state-licensed doctors in our
affiliated network,” the company said in a statement.
It blames the allegations on anticompetitive
campaigns and notes that previous complaints filed with state dental
boards and federal government institutions by dental trade organization
and others “have gone nowhere.”
Previously: SmileDirectClub -4.2% after cautious mention by Hindenburg (Oct. 4)
https://seekingalpha.com/news/3504045-smiledirect-says-no-factual-basis-allegations
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