Welcome to our dedicated page for Helius Med Technologies news (Ticker: HSDT), a resource for investors and traders seeking the latest updates and insights on Helius Med Technologies stock.
Helius Medical Technologies, Inc. (symbol: HSDT) is a pioneering neurotechnology company headquartered in Newtown, Pennsylvania, dedicated to developing, licensing, and acquiring non-invasive technologies for the treatment of symptoms caused by neurological diseases or trauma. The company’s flagship product, the Portable Neuromodulation Stimulator (PoNS®), is a novel medical device approved in Canada for the treatment of chronic balance deficits due to mild-to-moderate traumatic brain injury (mTBI) and gait deficits related to multiple sclerosis (MS). The PoNS® device works by delivering gentle electrical stimulation to the tongue's surface, which helps improve balance and gait through enhanced neuromodulation.
Recently, Helius Medical Technologies has achieved significant milestones, including expanding its clinical development program in collaboration with renowned institutions like the Shepherd Center and Brooks Rehabilitation. This expansion aims to further validate PoNS®'s efficacy for treating gait and balance deficits in chronic stroke survivors, highlighting the company’s commitment to broadening therapeutic applications.
In terms of partnerships, Helius has secured a meaningful collaboration with Lovell Government Services to introduce the PoNS® device to the U.S. Department of Veterans Affairs (VA) and other federal healthcare providers. This partnership aims to enhance the quality of life for veterans suffering from MS by providing access to innovative treatments. Real-world studies have shown that PoNS® Therapy can lead to clinically meaningful improvements in gait for all MS patients after 14 weeks of therapy.
Financially, Helius Medical Technologies is focusing on securing widespread reimbursement for the PoNS® device. The company recently received its first third-party reimbursement from a major insurance carrier, a crucial step towards establishing market pricing and expanding access. This follows the Centers for Medicare & Medicaid Services’ (CMS) establishment of unique Healthcare Common Procedure Coding System (HCPCS) codes for the PoNS® components.
Additionally, the PoNS® device is now available for purchase via the VA’s Federal Supply Schedule (FSS) and the GSA Advantage marketplace, ensuring quicker access for veterans and federal employees. The inclusion of PoNS® in these platforms underscores its potential as a game-changing therapy for those affected by neurological conditions, promoting neuroplasticity and improving patients' lives.
For more information about the PoNS® or Helius Medical Technologies, please visit www.heliusmedical.com.
Helius Medical Technologies, a neurotech company, will participate in Noble Capital Markets’ Virtual Road Show Series on June 10, 2021. The event will feature a corporate presentation followed by a Q&A session led by Senior Research Analyst Joe Gomes. Interested parties can register for the live webcast at 1:00 p.m. Eastern Time, and a recording will be available afterwards. Helius is focused on developing non-invasive technologies that enhance neurological wellness, including the Portable Neuromodulation Stimulator (PoNS), aimed at treating gait deficits from conditions like multiple sclerosis.
Helius Medical Technologies (Nasdaq:HSDT) announced the appointment of Frederick Fantazzia as Vice President of Sales & Marketing for North America, effective June 1, 2021. Fantazzia brings 16 years of experience in the neuromodulation field, previously serving at LivaNova. He aims to develop the market for Helius’s PoNS Treatment, authorized for sale in the U.S. for multiple sclerosis patients experiencing gait deficit. This leadership change comes as the company prepares for commercialization efforts.
Helius Medical Technologies (Nasdaq:HSDT) reported Q1 2021 results showing a net loss of $3.4 million, down from $4.8 million a year prior. Revenue was $84,000 compared to $207,000 in the same quarter last year. The company received FDA marketing authorization for its Portable Neuromodulation Stimulator (PoNS™) for treating gait deficits in MS patients. Cash reserves increased to $11.4 million, up from $3.3 million at year-end 2020. Helius aims to commercialize PoNS in the U.S. in Q1 2022, while addressing reimbursement strategies following recent CMS announcements.
Helius Medical Technologies (Nasdaq:HSDT) announced participation in the Planet MicroCap Showcase from April 20-22, 2021. Management will present on April 21 at 8:30 a.m. ET. A live audio webcast of the presentation will be accessible on the investor relations website under the 'Events' section. Helius is a neurotech company dedicated to promoting neurological wellness through innovative technologies like the Portable Neuromodulation Stimulator (PoNS™), which aids in treating gait deficits due to multiple sclerosis. More details are available on their official website.
Helius Medical Technologies (NASDAQ:HSDT) announced its upcoming release of Q1 fiscal year 2021 financial results on May 17, 2021, after market close. Management will host a conference call at 5:00 PM ET to discuss the results. The Portable Neuromodulation Stimulator (PoNS™), Helius's main product, is utilized for treating gait deficits related to multiple sclerosis. The device is approved for use in the U.S. and Canada, while it remains investigational in the EU and Australia. Further details are available on Helius's investor relations website.
Helius Medical Technologies announced that its subsidiary has received FDA marketing authorization for the Portable Neuromodulation Stimulator (PoNS™). This device is the first of its kind cleared in the U.S. for treating gait deficits due to mild-to-moderate symptoms from multiple sclerosis (MS).
The PoNS device is intended for patients over 22 years, used alongside therapeutic exercises. Helius aims to commercialize this treatment in early 2022 and is pursuing Medicare reimbursement options.
Helius Medical Technologies (Nasdaq:HSDT) announced its participation in the Investor Summit Group’s Q1 Virtual Summit from March 23-25, 2021. Management will present on March 23 at 2:00 p.m. Eastern Time. A live audio webcast will be available for registered participants. Helius focuses on neurological wellness, aiming to develop non-invasive technologies that enhance the brain's healing capabilities. Its first product, the Portable Neuromodulation Stimulator (PoNS™), is authorized in Canada for treating gait deficits due to multiple sclerosis and chronic balance deficits due to mild traumatic brain injury.
Helius Medical Technologies (Nasdaq:HSDT) has announced the appointment of Sherrie Perkins to its Board of Directors, effective March 15, 2021. Perkins brings over 20 years of healthcare industry experience, particularly in neuromodulation, which is expected to enhance Helius’ market development efforts. She has previously held significant roles at LivaNova, PLC and Cyberonics, contributing to their commercial and marketing strategies. Helius focuses on neurological wellness and aims to advance therapies such as the Portable Neuromodulation Stimulator (PoNS™), currently under FDA review for classification.
Helius Medical Technologies (Nasdaq:HSDT) reported Q4 and full-year 2020 financial results, showing revenue of $191,000 for Q4, up from $152,000 in Q4 2019, but down to $0.7 million for the full year from $1.5 million in 2019. Operating losses improved to $3 million in Q4 from $5.6 million a year prior, while net losses narrowed to $2.5 million. The company closed private placements totaling $12.8 million, expected to fund operations into Q1 2022. Helius aims for FDA clearance of its PoNS device and increased its Canadian clinic network to 31.
Helius Medical Technologies (HSDT) has closed an underwritten public offering, raising approximately $11.0 million. This includes the exercise of the underwriter’s over-allotment option, with units priced at $14.82 each. Each unit comprises one share of common stock and a warrant for an additional 0.5 shares at an exercise price of $16.302, expiring five years after issuance. A total of 744,936 shares and 372,468 warrants were issued. The offering was conducted under registration statements effective as of January 27, 2021.
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