NeuroOne® Issues Letter to Shareholders
NeuroOne Medical Technologies Corporation (Nasdaq: NMTC) reported its fiscal year 2022 achievements and outlined key catalysts for 2023 in a Winter Letter to Shareholders. CEO Dave Rosa highlighted the launch of their Evo® sEEG diagnostic line in partnership with Zimmer Biomet, as well as an FDA 510(k) submission for a combination diagnostic and ablation electrode system. The company aims to enhance patient outcomes in neurological treatments. NeuroOne's focus remains on disruptive technology developed in collaboration with medical experts, anticipating a productive year ahead for stakeholders.
- Launch of Evo® sEEG diagnostic line with Zimmer Biomet.
- FDA 510(k) submission for diagnostic and ablation electrode system planned.
- Development of advanced stimulation electrodes for permanent implant.
- Risks associated with commercialization and market acceptance with Zimmer Biomet.
- Potential delays in the readiness of sEEG electrodes due to supply chain issues.
- Uncertainties surrounding capital requirements and ability to raise funds.
Company highlights fiscal year 2022 and subsequent achievements, catalysts for fiscal year 2023
EDEN PRAIRIE, Minn., Jan. 30, 2023 /PRNewswire/ -- NeuroOne Medical Technologies Corporation (Nasdaq: NMTC; "NeuroOne" or the "Company"), a medical technology company focused on improving surgical care options and outcomes for patients suffering from neurological disorders, today announced that it has issued a Winter 2023 Letter to Shareholders.
Dave Rosa, CEO of NeuroOne, commented, "My letter features NeuroOne's fiscal year 2022 and subsequent highlights and provides an overview of exciting catalysts for fiscal year 2023. The foundation for our upcoming catalysts is our disruptive, next-generation diagnostic and therapeutic electrode suite of products based on game-changing technology developed in collaboration with our physician advisory boards and the Mayo Clinic, a shareholder of the Company. Our capital resources will support upcoming commercial and development catalysts including the market launch of our Evo® sEEG diagnostic line with our partner Zimmer Biomet, an FDA 510(k) submission of our combination diagnostic and ablation electrode system, and further development of our stimulation electrodes intended for permanent implant. We anticipate another productive year in 2023 as we maintain our steady focus on value creation for our shareholders."
Read the complete shareholder letter on the Company's Investors website.
NeuroOne Medical Technologies Corporation is a developmental stage company committed to providing minimally invasive and hi-definition solutions for EEG recording, brain stimulation and ablation solutions for patients suffering from epilepsy, Parkinson's disease, dystonia, essential tremors, chronic pain due to failed back surgeries and other related neurological disorders that may improve patient outcomes and reduce procedural costs. The Company may also pursue applications for other areas such as depression, mood disorders, pain, incontinence, high blood pressure, and artificial intelligence. For more information, visit https://www.n1mtc.com .
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Except for statements of historical fact, any information contained in this presentation may be a forward–looking statement that reflects NeuroOne's current views about future events and are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. In some cases, you can identify forward–looking statements by the words "may," "might," "will," "could," "would," "should," "expect," "intend," "plan," "upcoming," "target," "objective," "anticipate," "believe," "estimate," "predict," "project," "potential," "target," "seek," "contemplate," "continue" and "ongoing," or the negative of these terms, or other comparable terminology intended to identify statements about the future. Forward–looking statements may include statements regarding the development of the timing and extent of product launch and commercialization of our technology, clinical and pre-clinical testing, business strategy, market size, potential growth opportunities, future operations, future efficiencies, and other financial and operating information. Although NeuroOne believes that we have a reasonable basis for each forward-looking statement, we caution you that these statements are based on a combination of facts and factors currently known by us and our expectations of the future, about which we cannot be certain. Our actual future results may be materially different from what we expect due to factors largely outside our control, including risks that the partnership with Zimmer Biomet may not facilitate the commercialization or market acceptance of our technology; risks that our sEEG electrodes may not be ready for commercialization in a timely manner or at all, whether due to supply chain disruptions or otherwise; risks that our technology will not perform as expected based on results of our pre-clinical and clinical trials; risks related to uncertainties associated with the Company's capital requirements to achieve its business objectives and ability to raise additional funds; the risk that the COVID-19 pandemic will continue to adversely impact our business; the risk that we may not be able to secure or retain coverage or adequate reimbursement for our technology; uncertainties inherent in the development process of our technology; risks related to changes in regulatory requirements or decisions of regulatory authorities; that we may not have accurately estimated the size and growth potential of the markets for our technology; risks relate to clinical trial patient enrollment and the results of clinical trials; that we may be unable to protect our intellectual property rights; and other risks, uncertainties and assumptions, including those described under the heading "Risk Factors" in our filings with the Securities and Exchange Commission. These forward–looking statements speak only as of the date of this press release and NeuroOne undertakes no obligation to revise or update any forward–looking statements for any reason, even if new information becomes available in the future.
"Caution: Federal law restricts this device to sale by or on the order of a physician"
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SOURCE NeuroOne Medical Technologies Corporation
FAQ
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