ClearPoint Neuro, Inc. Announces Installation of ClearPoint® 2.0 Software at Mazowiecki Szpital Bródnowski in Poland

Rhea-AI Summary

ClearPoint Neuro, Inc. (Nasdaq: CLPT) announced the installation of its version 2.0 software at Mazowiecki Szpital Bródnowski in Warsaw, Poland. This milestone allows for advanced procedures including deep brain stimulation, biopsies, and clinical trials. Professor Mirosław Ząbek praised the ClearPoint team's dedication during installation, anticipating significant clinical advancements. Matt Rabon emphasized the importance of Poland's clinical trial market and the ongoing strategy to expand ClearPoint’s drug delivery trial centers in Europe as COVID-19 restrictions ease.

Positive

• Installation of version 2.0 software enhances clinical capabilities.
• Support for clinical trials and advanced procedures at a major Polish hospital.
• Poland identified as a key market for clinical trials in Central Eastern Europe.
• Continued expansion plans in Europe following COVID-19 improvements.

Negative

• None.

SOLANA BEACH, Calif., June 16, 2021 (GLOBE NEWSWIRE) -- ClearPoint Neuro, Inc. (Nasdaq: CLPT), a global therapy-enabling platform company providing navigation and delivery to the brain, today announced the installation of its version 2.0 software at Mazowiecki Szpital Bródnowski in Warsaw, Poland.

“We appreciated the patience and commitment of the on-site ClearPoint team throughout the installation process,” stated Professor Mirosław Ząbek, Head of the Neurosurgery Clinic at Mazowiecki Szpital Bródnowski. “Our entire team is looking forward to begin performing DBS, biopsy and clinical trial cases with the ClearPoint Neuro Navigation System.”

“Dr. Ząbek and his team have been involved in cutting-edge drug delivery protocols for many years,” commented Matt Rabon, Clinical and Business Development Manager, EMEA. “Poland is one of the largest clinical trial markets in Central Eastern Europe with highly qualified investigators and specialized medical centers. It will be a great honor to support both clinical procedures and investigational trials at this prestigious hospital. This is another example of us executing our strategy to set up ClearPoint biologic and drug delivery trial centers across Europe. Now that COVID seems to be receding in Europe, we expect these installations to continue in the second half of 2021.”

About ClearPoint Neuro

ClearPoint Neuro’s mission is to improve and restore quality of life to patients and their families by enabling therapies for the most complex neurological disorders with pinpoint accuracy. Applications of the Company’s current product portfolio include deep brain stimulation, laser ablation, biopsy, neuro-aspiration, and delivery of drugs, biologics, and gene therapy to the brain. The ClearPoint Neuro Navigation System has FDA clearance, is CE-marked, and is installed in over 60 active sites in the United States, Canada, and Europe. ClearPoint Neuro is partnered with over 30 biologics/pharmaceutical companies and academic centers, providing solutions for direct CNS delivery of therapeutics in pre-clinical studies and clinical trials worldwide. To date, more than 4,500 cases have been performed and supported by the Company’s field-based clinical specialist team, which offers support and services to our customers and partners. For more information, please visit www.clearpointneuro.com.

Forward-Looking Statements

Statements herein concerning the Company’s plans, growth and strategies may include forward-looking statements within the context of the federal securities laws. Statements regarding the Company's future events, developments and future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. Uncertainties and risks may cause the Company's actual results to differ materially from those expressed in or implied by forward-looking statements. Particular uncertainties and risks include those relating to: the impact of COVID-19 and the measures adopted to contain its spread; future revenues from sales of the Company’s ClearPoint Neuro Navigation System products; and the Company’s ability to market, commercialize and achieve broader market acceptance for the Company’s ClearPoint Neuro Navigation System products. More detailed information on these and additional factors that could affect the Company’s actual results are described in the “Risk Factors” section in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, and the Company’s Quarterly Report on Form 10-Q for the three months ended March 31, 2021, both of which have been filed with the Securities and Exchange Commission.

FAQ

What recent development occurred for ClearPoint Neuro at Mazowiecki Szpital Bródnowski?

ClearPoint Neuro installed its version 2.0 software, enhancing its clinical capabilities.

How does ClearPoint Neuro plan to expand in Europe?

The company aims to establish drug delivery trial centers across Europe as COVID-19 restrictions recede.

What procedures will now be supported at Mazowiecki Szpital Bródnowski?

The installation will support deep brain stimulation, biopsies, and clinical trials.

What is the significance of Poland for ClearPoint Neuro?

Poland is recognized as one of the largest clinical trial markets in Central Eastern Europe.