STOCK TITAN

Helius Medical Technologies, Inc. Announces Participation of Dr. Prue Plummer and MGH Institute of Health Professions to its Therapeutic Experience Program

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

Helius Medical Technologies, Inc. (Nasdaq:HSDT) has announced the addition of the MGH Institute of Health Professions as the fourth Center of Excellence in its Therapeutic Experience Program (TEP). This multi-center, open-label observational trial aims to assess the adherence to Portable Neuromodulation Stimulator (PoNS) therapy among multiple sclerosis (MS) patients. Enrollment is expected to start in Q4 2022, involving 50-60 participants across 10-12 centers. The study seeks to evaluate the relationship between treatment adherence and gait improvement in MS.

Positive
  • Addition of MGH Institute of Health Professions as a Center of Excellence enhances credibility.
  • Involvement of renowned professionals like Dr. Prue Plummer may attract more interest in PoNS therapy.
  • The trial aims to provide critical real-world data on PoNS therapy for MS patients.
Negative
  • Dependence on patient adherence might limit the trial's overall efficacy.
  • Uncertainties around enrollment and participation may delay study outcomes.

-- Fourth Center of Excellence added in multi-center, company-sponsored, open label observational interventional trial to evaluate impact of subjects’ adherence to PoNS® therapy for gait improvement in Multiple Sclerosis --

NEWTOWN, Pa., Nov. 09, 2022 (GLOBE NEWSWIRE) -- Helius Medical Technologies, Inc. (Nasdaq:HSDT) (“Helius” or the “Company”), a neurotech company focused on neurological wellness, today announced the participation of Prue Plummer PhD, PT, Professor in the Department of Physical Therapy in the School of Health and Rehabilitation Sciences at the MGH Institute of Health Professions to its Therapeutic Experience Program (“TEP”). The MGH Institute of Health Professionals joins NYU Langone Health, the Shepherd Center, and Oregon Health & Science University as the fourth Center of Excellence in this company-sponsored open-label observational trial designed to evaluate the impact of subjects’ adherence to Portable Neuromodulation Stimulator (PoNS) therapy in patients with multiple sclerosis (“MS”).

“We are thrilled to have Dr. Plummer and the MGH Institute of Health Professions, one of the country’s preeminent health and rehabilitation institutions, as one of our Centers of Excellence for TEP,” said Antonella Favit-Van Pelt, M.D., Ph.D., Helius' Chief Medical Officer. “The purpose of our Therapeutic Experience Program is to gain insight about the functional outcome of PoNS therapy used with MS by treating patients in a real-world environment. The TEP study will provide information about PoNS therapy to key opinion leaders in MS management, providing an opportunity for early adopters of the technology. We are enthusiastic about Dr. Plummer’s participation in the study and her contribution to bringing new therapeutic options to MS patients.”

“At our School of Health and Rehabilitation Sciences center, we are keenly interested in the ways injuries to the brain can affect a person’s ability to walk, and how neurological rehabilitation can help improve gait recovery,” said Dr. Prue Plummer, Professor of Physical Therapy at MGH Institute of Health Professions. “The majority of patients with MS develop progressive gait impairment, which can worsen over a lifetime, and participation in TEP is an important step in evaluating how PoNS therapy can improve gait function and potentially address this treatment gap.”

About MGH Institute of Health Professions

MGH Institute of Health Professions, a member of Mass General Brigham, was founded in 1977 by the Massachusetts General Hospital and counts more than 10,000 alumni. Celebrating our 45th year, we educate the next generation of health care leaders with a focus on quality, equal access, and utilizing inclusiveness in delivering healthcare. The MGH Institute’s mission - more critical than ever given the complexity of today’s healthcare systems – is carried out through academic programs in three schools: School of Nursing, School of Health and Rehabilitation Sciences, and School of Healthcare Leadership, with many programs top-ranked by U.S. News & World Report.

About the Therapeutic Experience Program

The Therapeutic Experience Program (“TEP”) is a Helius-sponsored, open label observational, interventional multi-center outcome research trial designed to assess adherence to on-label PoNS therapy for improvement in gait deficits for patients with multiple sclerosis (“MS”) in a real-world clinical setting. The study will rate subjects’ adherence to PoNS therapy, which combines the PoNS device with physical therapy, to better understand the relationship between adherence to the treatment regimen and therapeutic functional outcome. The primary endpoint of the study is maintenance of gait improvement from the end of supervised therapy (Phase 1) to the end of unsupervised therapy (Phase 2) in relation to the subject’s adherence to PoNS therapy. The secondary endpoint is improvement of gait and balance deficit over time and clinical global impression of change.

The study will be conducted at ten to twelve Centers of Excellence across the United States, with an estimated four PoNS devices per site. Enrollment is expected to begin in the fourth quarter of 2022 and continue into 2023. A total of fifty to sixty patients with MS are expected to take part in the program.

About Helius Medical Technologies, Inc.

Helius Medical Technologies is a leading neurotech company in the medical device field focused on neurologic deficits using non-implantable platform technologies that amplify the brain’s ability to compensate and promotes neuroplasticity, aiming to improve the lives of people dealing with neurologic diseases. The Company’s first commercial product is the Portable Neuromodulation Stimulator (PoNS). For more information, visit www.heliusmedical.com.

About the PoNS Device and PoNS Therapy

The Portable Neuromodulation Stimulator (PoNS) is an innovative non-surgical medical device, inclusive of a controller and mouthpiece, which delivers electrical stimulation to the surface of the tongue to improve balance and gait. The PoNS device is indicated for use in the United States as a short-term treatment of gait deficit due to mild-to-moderate symptoms from multiple sclerosis (“MS”) and is to be used as an adjunct to a supervised therapeutic exercise program in patients 22 years of age and over by prescription only. Helius is advancing PoNS post-approval research in MS through a recently launched Therapeutic Experience Program (TEP) designed to partner with neurologists and neurorehabilitation therapists at 10-12 US centers of excellence, who express an interest in becoming “early adopters” of PoNS therapy. For more information visit www.ponstherapy.com to learn more.

PoNS is also authorized for sale in Canada for two indications: (i) for use as a short-term treatment (14 weeks) of chronic balance deficit due to mild-to-moderate traumatic brain injury (“mmTBI”) and is to be used in conjunction with physical therapy; and (ii) for use as a short term treatment (14 weeks) of gait deficit due to mild and moderate symptoms from MS and is to be used in conjunction with physical therapy. PoNS is also authorized for sale in Australia for short term use by healthcare professionals as an adjunct to a therapeutic exercise program to improve balance and gait.

Cautionary Disclaimer Statement

Certain statements in this news release are not based on historical facts and constitute forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities laws. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. Forward-looking statements are often identified by terms such as “believe,” “expect,” “continue,” “will,” “goal,” “aim” and similar expressions. Such forward-looking statements include, among others, statements regarding expected enrollment, patient participation and other details of the TEP study and the ability of key opinion leaders in the management of MS to build their knowledge of PoNS® therapy and advise the broader medical community.

There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those expressed or implied by such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include uncertainties associated with the Company’s capital requirements to achieve its business objectives, the impact of the COVID-19 pandemic, the Company’s ability to train physical therapists in the supervision of the use of the PoNS Treatment, the Company’s ability to secure contracts with rehabilitation clinics, the Company’s ability to obtain national Medicare coverage and to obtain a reimbursement code so that the PoNS device is covered by Medicare and Medicaid, the Company’s ability to build internal commercial infrastructure, secure state distribution licenses, build a commercial team and build relationships with Key Opinion Leaders, neurology experts and neurorehabilitation centers, market awareness of the PoNS device, future clinical trials and the clinical development process, manufacturing and supply chain risks, the product development process and FDA regulatory submission review and approval process, other development activities, ongoing government regulation, and other risks detailed from time to time in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, and its other filings with the United States Securities and Exchange Commission and the Canadian securities regulators, which can be obtained from either at www.sec.gov or www.sedar.com.

The reader is cautioned not to place undue reliance on any forward-looking statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements except to the extent required by law.

Investor Relations Contact

Lisa M. Wilson, In-Site Communications, Inc.
T: 212-452-2793
E: lwilson@insitecony.com


FAQ

What is the purpose of HSDT's Therapeutic Experience Program?

The Therapeutic Experience Program aims to evaluate the adherence to PoNS therapy for gait improvement in multiple sclerosis patients.

How many Centers of Excellence are involved in HSDT's TEP?

Four Centers of Excellence are involved, including the newly added MGH Institute of Health Professions.

When is the enrollment for the TEP expected to begin?

Enrollment for the Therapeutic Experience Program is expected to start in the fourth quarter of 2022.

What are the expected results from the TEP study for HSDT?

The study aims to provide insights on the relationship between adherence to PoNS therapy and gait improvement in MS patients.

What is the significance of the PoNS device in treating MS?

The PoNS device is aimed at improving gait deficits in MS patients and is used alongside a supervised therapeutic exercise program.

Helius Medical Technologies, Inc.

NASDAQ:HSDT

HSDT Rankings

HSDT Latest News

HSDT Stock Data

1.86M
3.71M
0.53%
5.87%
6.3%
Medical Devices
Electromedical & Electrotherapeutic Apparatus
Link
United States of America
NEWTOWN