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 Corporation (NASDAQ: NMTC) announces the FDA's recent decision to uphold its denial of the Evo® sEEG Electrode for extended use beyond 24 hours. Although the FDA encourages the company to submit new evidence to support a substantial equivalence claim, the timeline for resubmission is set for August 2022. The CEO expressed disappointment but remains optimistic about demonstrating compliance through ongoing testing. NeuroOne is also exploring marketing opportunities for intraoperative use through Zimmer Biomet.
NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) announced its second quarter fiscal 2022 results, reporting product revenue of $37,000, up from $18,000 in Q2 2021. The company faced delays in collaboration revenue due to FDA decisions, totaling $20,000 last year. Operating expenses rose to $3.0 million, with a net loss of $3.1 million, compared to $2.4 million the previous year. As of March 31, 2022, cash reserves decreased to $12.9 million. The company provided updates on its product development, including ongoing FDA appeals and new manufacturing qualifications.
NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) announced that it will hold a conference call on May 12, 2022, at 4:30 PM Eastern Time to discuss its financial results for the second quarter of fiscal 2022, which ended on March 31, 2022. The company specializes in developing minimally invasive solutions for neurological disorders such as epilepsy and Parkinson's disease. NeuroOne's technology aims to improve patient outcomes while potentially lowering hospitalizations and costs.
NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) will present at NobleCon18 from April 19-21, 2022. CEO Dave Rosa will discuss advancements in minimally invasive technologies aimed at treating neurological disorders such as epilepsy and Parkinson's disease. The presentation is scheduled for April 21 at 11:30 a.m. ET, with breakout sessions on April 20 and 21. The event will take place at the Hard Rock Hotel & Casino in Hollywood, Florida. The company is also exploring applications of its technology in artificial intelligence.
NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) announced a telephone replay of its investor conference call will be available until April 11, 2022. The call discussed the company's recent disclosures, including clarification on its 510(k) clearance request for the Evo® sEEG Electrode for short-term use. CEO Dave Rosa, along with biocompatibility expert Dr. William Wustenberg, addressed public questions during the call. The device is already cleared for use of less than 24 hours. For further details, visit www.n1mtc.com.
NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) will host a conference call on March 29, 2022, at 10:00 am ET, to discuss recent disclosures related to its 510(k) clearance request for the Evo® sEEG Electrode. This device is already cleared for temporary use of less than 24 hours and seeks approval for less than 30 days. Investors and interested parties can join via the provided dial-in numbers or access the live webcast. The call aims to clarify the recent 8-K filing and answer participant questions.
NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) announced the approval of an equity award as part of its 2021 Inducement Plan, effective March 1, 2022. This award was granted to a new employee, providing them the option to purchase 10,000 shares at $1.95 per share, the closing price on the granting date. The award will vest 25% after one year and the rest in monthly installments over three years, contingent on continued employment. This move aligns with Nasdaq's regulations requiring public disclosure of non-stockholder approved equity awards.
NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) will showcase its innovative technology at two investor conferences in March 2022. The Oppenheimer 32nd Annual Virtual Healthcare Conference is scheduled for March 16, 2022, at 1:20 p.m. ET, while the 34th Annual ROTH Conference will take place from March 13-15, 2022, in Laguna Niguel, California. CEO Dave Rosa will discuss the company's Evo® Cortical Electrodes aimed at improving care for neurological disorders. The firm is also exploring advancements in artificial intelligence and machine learning.
NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) announced successful completion of initial bench top testing on its thin film electrode technology, showing potential for chronic stimulation use over approximately 5 years. The tests confirmed the electrodes' durability and performance at higher stimulation levels. CEO Dave Rosa highlighted the opportunity for expansion into treatment areas like epilepsy and chronic back pain. The market potential for related technologies is estimated at over $10 billion. The company is advancing its electrode technologies for various neurological disorders.
NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) announced its Q1 fiscal 2022 results, reporting product revenue of $34,000, down from $71,000 in Q1 2021. Collaboration revenue also decreased from $22,000 to $6,000. Operating expenses rose to $2.8 million, with a net loss of $2.8 million, compared to $2 million the previous year. The company strengthened its financial position through a public offering, generating $13.35 million. Key developments include FDA clearance requests for its Evo sEEG Electrode, with expected commercial readiness and milestone payments from Zimmer Biomet.
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