MILESTONE SCIENTIFIC INC.
MILESTONE SCIENTIFIC INC. reported $1.9M in payments to physicians and teaching hospitals across 54 transactions in CMS Open Payments PY 2024.
Pharmaceutical payment transparency data for MILESTONE SCIENTIFIC INC.. Ranked #440 of 1,797 companies by total payments. Source: CMS Open Payments, Program Year 2024.
Payment Overview
Total Payments
$1.9M
0.0% of all payments
Transactions
54
$35.2K avg
Recipients
47
$40.5K avg
Industry Rank
#440
of 1,797 companies
What the Data Shows for MILESTONE SCIENTIFIC INC.
In Program Year 2024, MILESTONE SCIENTIFIC INC. reported $1,902,287.77 in payments to 47 physicians and teaching hospitals across 54 individual transactions — an average of $35.2K per transaction and $40.5K per recipient. That total places MILESTONE SCIENTIFIC INC. at rank #440 out of 1,797 companies in the CMS Open Payments database, representing 0.0% of all industry payments reported nationwide for the year. Payment volume at this scale is characteristic of manufacturers with broad prescriber engagement, active clinical research programs, or patented therapies generating ongoing royalty obligations.
The payment mix for MILESTONE SCIENTIFIC INC. spans 6 distinct categories defined by CMS — including general payments (consulting, speaker fees, meals, travel), research payments tied to clinical trials, and ownership or investment interests. The largest single category is "Royalty or License" at $892.7K, accounting for 46.9% of the company's reported total and 8 transactions. This distribution matters because different payment types carry different regulatory and ethical implications: research funding supports clinical development, while general payments like meals and speaker fees have been studied for their correlation with prescribing patterns in peer-reviewed journals such as JAMA Internal Medicine.
Recipient concentration is another useful lens. The top 5 recipients of payments from MILESTONE SCIENTIFIC INC. received $0.00 combined — 0.0% of the company's total — with the remaining 100.0% distributed across the rest of the 47 recipients. A relatively distributed top-5 share suggests broader engagement across the prescriber community rather than concentration among a handful of high-value relationships. All figures above are drawn directly from the CMS Open Payments Public Use Files for PY2024 and are disclosed under the Physician Payments Sunshine Act; this page summarizes reported financial transfers and does not represent medical advice or judgment about individual prescribing decisions.
Payment Breakdown by Type
MILESTONE SCIENTIFIC INC. made 6 types of payments. "Royalty or License" accounts for 46.9%.
46.9% · 8 transactions
12.5% · 14 transactions
9.1% · 17 transactions
0.1% · 3 transactions
0.1% · 4 transactions
0.0% · 1 transactions
| Payment Type | Amount | Transactions | % of Total |
|---|---|---|---|
| Royalty or License | $892.7K | 8 | 46.9% |
| Compensation for Services Other Than Consulting | $238.5K | 14 | 12.5% |
| Consulting Fee | $172.4K | 17 | 9.1% |
| Travel and Lodging | $1.8K | 3 | 0.1% |
| Long-Term Medical Supply or Device Loan | $1.4K | 4 | 0.1% |
| Food and Beverage | $75.09 | 1 | 0.0% |
Payment Size Analysis
Average transaction size: $35.2K. Average per recipient: $40.5K.
Total Amount
$1,902,287.77
Avg per Transaction
$35.2K
Avg per Recipient
$40.5K
Payment Transparency Context
The Physician Payments Sunshine Act (part of the Affordable Care Act) requires pharmaceutical and medical device manufacturers to report payments and transfers of value to physicians and teaching hospitals. These payments can include consulting fees, research grants, speaker fees, food and beverages, travel, royalties, and other forms of compensation.
Industry Total (2024)
$13.3B
across 1,797 companies
MILESTONE SCIENTIFIC INC. Share
0.0%
#440 by total payments
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Frequently Asked Questions
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Data Source: Centers for Medicare & Medicaid Services (CMS) Open Payments, Program Year 2024. Data includes general payments, research payments, and physician ownership/investment interests as required by the Physician Payments Sunshine Act. Total industry payments: $13.3B across 1,797 companies.
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Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the CMS Open Payments program. Consult a qualified professional before making decisions based on this data.
Read our methodology — how this data is sourced, computed, and verified.
