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Helius Medical Technologies Inc (NASDAQ: HSDT) is a pioneering neurotechnology company focused on non-invasive therapies for neurological deficits. This page provides investors and healthcare professionals with essential updates on HSDT's progress, including regulatory milestones, clinical trial results, and strategic initiatives.
Discover the latest developments surrounding the Portable Neuromodulation Stimulator (PoNS), partnerships with medical institutions, and financial performance updates. Our curated news collection ensures you stay informed about HSDT's advancements in neuroplasticity-based treatments for conditions like multiple sclerosis and traumatic brain injury.
This resource aggregates official press releases, earnings reports, and market-related announcements. Key coverage areas: FDA regulatory updates, clinical study outcomes, executive leadership changes, and technology licensing agreements. Bookmark this page for streamlined access to material information impacting HSDT's position in the medical device sector.
Helius Medical Technologies (NASDAQ: HSDT), a neurotech company specializing in therapeutic neuromodulation for balance and gait deficits, has announced its participation in the LD Micro Invitational XIII 2023. The event will take place at the Luxe Sunset Boulevard Hotel in California.
President and CEO Dane Andreeff, along with CFO Jeff Mathiesen, will represent Helius at the conference. Their presentation is scheduled for Wednesday, June 7, 2023, at 4:00 PM PT. Interested parties can access the webcast through the provided link.
Investors and attendees wishing to arrange one-on-one meetings with Helius management are encouraged to contact LD Micro directly. This event provides an opportunity for Helius to showcase its innovative approach to neuromodulation therapy and engage with potential investors.
Helius Medical Technologies (NASDAQ: HSDT) will showcase its Portable Neuromodulation Stimulator (PoNS) device at the American Academy of Neurology (AAN) Annual Meeting for the first time since its launch in the U.S. and Canada. The device is authorized for use in managing gait deficits caused by multiple sclerosis, stroke, and mild-to-moderate traumatic brain injury. Helius reports promising clinical data, including over 55% average improvement in gait assessments among various patient groups. A notable finding includes 100% of MS participants improving their gait scores post-treatment. The AAN conference, held April 22-27, 2023, in Boston, allows for direct engagement with the medical team. This expansion of indications signals growing confidence in PoNS's efficacy and therapeutic potential.
Helius Medical Technologies (Nasdaq:HSDT) declared a dividend of one one-thousandth of a share of Series B Preferred Stock for each outstanding share of Class A common stock held on April 3, 2023. This new class of stock will have voting rights on specific amendments related to reclassification of Class A common stock. Each share of Series B Preferred Stock represents 1,000,000 votes, but will not be entitled to vote on other matters. Uncertificated, shares not present at a stockholder meeting will be redeemed for $0.001. Further details will be filed in a Form 8-K with the SEC.
Helius Medical Technologies (Nasdaq:HSDT) has announced an exclusive distribution agreement with HealthTech Connex (HTC) for the Portable Neuromodulation Stimulator (PoNS) device in the Vancouver area. This agreement replaces a previous partnership, granting HTC exclusive rights for purchase, marketing, and distribution over an initial five-year term, potentially extendable to ten years. Helius aims to enhance its market presence and improve the lives of patients with gait and balance impairments. Both companies express excitement over this collaboration, pivoting PoNS as a key solution for neurorehabilitation.
Helius Medical Technologies (Nasdaq:HSDT) reported a 51% revenue increase in 2022, totaling $787,000. Q4 revenue rose 9% year-over-year to $282,000. The company launched the UpScript Telehealth site for the PoNS® Therapy and added three Centers of Excellence to enhance patient access. Operating expenses decreased to $2.8 million in Q4, leading to a reduced operating loss of $2.7 million. Cash balance stood at $14.5 million at year-end. Helius anticipates revenue growth in 2023, contingent on third-party reimbursement developments.
Helius Medical Technologies (Nasdaq: HSDT) has announced that Health Canada has expanded the indication for its Portable Neuromodulation Stimulator (PoNS) device. The device is now approved for use as a short-term treatment (14 weeks) for gait deficits due to mild and moderate stroke symptoms, in addition to existing approvals for chronic balance deficits from traumatic brain injury (TBI) and gait deficits from multiple sclerosis (MS). This expansion addresses a significant medical need for approximately 878,000 Canadians living with stroke, providing clinically significant improvements in gait and reducing fall risks. The company continues to explore further applications of PoNS therapy.
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