Welcome to our dedicated page for Movano news (Ticker: MOVE), a resource for investors and traders seeking the latest updates and insights on Movano stock.
Movano Inc. (Nasdaq: MOVE), operating as Movano Health, is a health-focused technology company dedicated to revolutionizing the way we manage and monitor our health metrics. Founded in 2018 and headquartered in Pleasanton, California, Movano is committed to developing healthcare solutions that bring medical-grade, high-quality data to consumer health devices. The company's flagship product, the Evie Ring, is a wearable designed specifically for women to track a comprehensive array of health metrics including resting heart rate, heart rate variability (HRV), blood oxygen saturation (SpO2), respiration rate, and skin temperature variability. It also monitors period and ovulation tracking, menstrual symptom tracking, steps, active minutes, calories burned, sleep stages and duration, and mood tracking.
Movano Health has made significant strides in advancing its Evie Ring technology, as evidenced by a recent hypoxia trial conducted in collaboration with the University of California, San Francisco (UCSF). The study confirmed that the accuracy of Evie's pulse oximeter exceeds FDA guidelines. This milestone underscores the company's objective to achieve FDA clearance for the Evie Med Ring, a medical-grade version of the wearable. The Evie Med Ring aims to provide a seamless blend of accessibility, personalization, and medical reliability, significantly differentiating itself from existing wellness solutions.
In addition to its technological advancements, Movano Health recently secured a strategic investment from a tier-one multi-billion dollar medical device company. This partnership, along with a $24 million capital raise, ensures financial stability and accelerates the commercialization of Movano's proprietary technologies. The company has also entered into agreements to explore future collaborations for the development and commercialization of their healthcare solutions.
Movano Health's commitment to innovation extends to strategic collaborations with prestigious institutions like MIT. The company’s Evie Ring is being utilized in the MAESTRO study to understand long COVID and chronic Lyme disease, providing continuous, reliable data that could reshape approaches to these debilitating conditions.
For more information on Movano Health and their latest updates, visit here.
Movano Inc. (Nasdaq: MOVE) announced the addition of Nan Kirsten Forte to its board of directors on April 18, 2022. Forte brings over 30 years of experience in healthcare media, having held key positions at WebMD and Everyday Health. Her expertise spans marketing, product innovation, and strategic partnerships, which aligns with Movano's mission to empower women's health solutions. Movano is gearing up for growth with its flagship product, the Movano Ring, designed to provide vital health metrics, set for beta release in late 2022.
Movano Inc. (NASDAQ: MOVE) announced its fourth quarter 2021 financial results, reporting a net loss of $6.3 million, or $0.19 per share, an improvement from a $7.4 million loss in Q4 2020. The total 2021 net loss was $24.3 million. The company, focused on women's health, introduced the Movano Ring, a smart ring set for Beta launch in H2 2022, following successful clinical studies on blood pressure and glucose. Movano had $33.6 million in cash as of December 31, 2021, significantly up from $5.7 million in 2020, indicating strong financial backing for its R&D efforts.
Movano Inc. (NASDAQ:MOVE) announced it will report its fourth quarter 2021 financial and operating results on March 24, 2022. The management team will host a conference call and live audio webcast at 2:00 p.m. PDT to discuss these results, providing an update on business operations. The webcast can be accessed via Movano's investor website, and an archived version will be available afterward. Movano focuses on developing health technologies aimed at delivering vital health information to enhance individual well-being.
Movano Inc. (NASDAQ:MOVE) announced the completion of its second glucose pilot study, involving 10 participants with type 1 diabetes. The study, approved by the Institutional Review Board, tested Movano's wrist-worn prototype against FDA-cleared devices to refine its algorithms for glucose and vital sign measurements. CEO Dr. John Mastrototaro emphasized the aim to create stylish, affordable, FDA-cleared devices for monitoring chronic conditions. The study's results will inform future clinical trials and regulatory approvals, enhancing Movano's technology for managing diabetes and hypertension.
Movano Inc. (Nasdaq: MOVE) announced the addition of Stacy Salvi as Vice President of Strategy and Michael Soule as Vice President of Business Development. These strategic hires aim to enhance the company's go-to-market strategy for the upcoming Movano Ring, designed to provide vital health insights. The company has reserved 2,000,000 shares for equity awards to attract talent. Recently, 720,000 stock options were granted to nine new non-executive employees, enhancing Movano's operational capacity and growth potential.
Movano Inc. (Nasdaq: MOVE), a health technology company, announced its participation in the virtual BTIG MedTech, Digital Health, Life Science & Diagnostic Tools Conference from February 15 to February 17, 2022. CEO John Mastrototaro will present the company’s debut device, the Movano Ring, which was showcased at CES 2022. Founded in 2018, Movano focuses on creating personalized health devices that provide vital health data, including glucose and blood pressure. For further details, visit movano.com.
Movano Inc. (Nasdaq: MOVE) announced the award of three new U.S. patents, bringing its total to six. The patents focus on non-invasive sensor technology that combines Radio Frequency (RF) and mmWave capabilities into a single Integrated Circuit (IC) for future wearable devices. With over 40 pending applications, the company aims to provide health metrics like glucose and blood pressure. CEO John Mastrototaro emphasized that these innovations will enhance data accuracy and differentiate Movano’s products in the market.
Movano Inc. (Nasdaq: MOVE), a health technology company, will participate in the 24th Annual Needham Virtual Growth Conference on January 12, 2022. CEO John Mastrototaro, with over 30 years in the medical device sector, will present the company's innovative Movano Ring, recently revealed at CES 2022. Founded in 2018, Movano focuses on creating user-friendly health devices that provide essential health insights like glucose and blood pressure data to enhance individual well-being.
Movano Inc (NASDAQ:MOVE) announced the completion of an Institutional Review Board (IRB)-approved blood pressure study involving 110 participants conducted in late 2021. The study utilized Movano's wearable prototypes and a hospital-grade monitor for data comparison. This research is vital for advancing Movano's algorithms for smart medical devices. CEO John Mastrototaro highlighted that the study results will inform future product development, including the goal of obtaining FDA clearances for their devices. A second glucose study is also planned for Q1 2022.
Movano Inc. (Nasdaq: MOVE) is set to showcase its first device, the Movano Ring, at CES 2022. This innovative health-tech ring is designed specifically for women, providing vital health metrics and personalized feedback. It measures several health indicators, including heart rate and sleep, helping users connect lifestyle habits to health outcomes. Movano aims to gain FDA clearances for additional features like glucose monitoring. The Movano Ring is expected to be one of the most affordable health devices available, with a beta release planned for the second half of 2022.
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