Welcome to our dedicated page for NeuroOne Medical Technologies Corporation news (Ticker: NMTC), a resource for investors and traders seeking the latest updates and insights on NeuroOne Medical Technologies Corporation stock.
NeuroOne Medical Technologies Corporation (symbol: NMTC) is a cutting-edge medical technology company based in Eden Prairie, Minnesota. The company specializes in the development and commercialization of innovative thin-film electrode technology designed for continuous electroencephalogram (cEEG) and stereoelectroencephalography (sEEG) recording, brain stimulation, and ablation solutions. These technologies are particularly beneficial for patients suffering from a variety of brain-related disorders, including epilepsy, Parkinson's disease, dystonia, and essential tremors.
NeuroOne's core business revolves around creating comprehensive neuromodulation solutions that integrate cEEG and sEEG recording, monitoring, brain stimulation, and ablation. This focus has led to notable advancements such as the Evo® sEEG system, which is the first FDA-cleared thin-film sEEG-guided RF system capable of both recording electrical activity and ablating nervous tissue, with the added benefit of temperature control.
The company is actively involved in various exciting projects and partnerships. One of their key initiatives is the Drug Delivery Program, which is expected to achieve several important milestones in the near future. Additionally, NeuroOne is continuously enhancing its product portfolio to better serve its target patient population.
Financially, NeuroOne has provided promising updates for the second quarter of the fiscal year 2024. The company’s recent business highlights include significant progress in their OneRF™ Ablation System and Spinal Cord Stimulation Program. Investors and interested parties can access more detailed financial results and updates through their quarterly conference calls and webcasts.
For more information or to get in touch with NeuroOne, please contact them at 800-631-4030 or email ir@nmtc1.com.
NeuroOne Medical Technologies Corp. (NASDAQ:NMTC) is advancing minimally invasive surgery (MIS) technology to improve patient outcomes and reduce costs. The MIS market is projected to grow at a 10.4% CAGR, reaching $70 billion by 2030, driven by chronic disease prevalence and advancements in medical imaging and robotic surgery.
NeuroOne focuses on innovative solutions for neurological disorders, including its OneRF® Ablation system, which promises enhanced accuracy and lower risks. Their recent success in animal implants of a novel thin film paddle lead for spinal cord stimulation marks a significant step in reducing surgical invasiveness.
With a partnership with Zimmer Biomet Holdings for diagnostic applications and plans for regulatory submission, NeuroOne is positioned to capture significant market opportunities in the growing MIS sector.
NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) has achieved a significant milestone by successfully completing an initial animal implant of its innovative thin film paddle leads for spinal cord stimulation. This advancement aims to treat chronic back pain associated with multiple failed back surgeries and intractable pain in the lower back and legs. The animal study confirmed the feasibility of the devices, ensuring they could be easily placed within the epidural space. Additionally, the company is developing a percutaneous delivery system to streamline the implantation process. CEO Dave Rosa highlighted the large market potential, emphasizing improved patient outcomes and device efficiency.
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