Welcome to our dedicated page for Nevro news (Ticker: NVRO), a resource for investors and traders seeking the latest updates and insights on Nevro stock.
Nevro Corp. (NYSE: NVRO) is a global medical device company headquartered in Redwood City, California and focused on technologies for chronic pain treatment. This news page aggregates company announcements, financial updates and clinical evidence related to Nevro’s proprietary 10 kHz spinal cord stimulation (SCS) therapy and sacroiliac (SI) joint fusion offerings.
Investors and observers can follow Nevro’s regular disclosures on quarterly and full-year financial results, including worldwide and U.S. revenue, international revenue, operating performance and cash position. The company also issues updates on strategic matters, such as its announced definitive agreement for Globus Medical to acquire all shares of Nevro in an all-cash transaction, which remains subject to shareholder and regulatory approvals and other customary conditions.
Because Nevro operates in chronic pain management, a significant portion of its news flow highlights clinical and product developments. These include publications of data on 10 kHz SCS in painful diabetic neuropathy and Type 2 diabetes, showing durable pain relief and reported improvements in measures such as HbA1c, weight and sleep, as well as biomechanical studies of the Nevro1 SI Joint Fusion System. Product and regulatory updates, such as CE Mark Certification in Europe for the HFX iQ SCS system and launches of HFX iQ with HFX AdaptivAI, also feature prominently.
In addition, Nevro regularly announces employee inducement equity awards under NYSE Rule 303A.08, reflecting hiring activity, and provides commentary on commercial execution, restructuring efforts and marketing initiatives. For anyone tracking NVRO, this news feed offers a centralized view of Nevro’s financial performance, clinical evidence, product expansion and corporate transactions over time.
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Nevro Corp. (NYSE: NVRO) announced that three abstracts related to Painful Diabetic Neuropathy (PDN) and Non-Surgical Refractory Back Pain (NSRBP) have been accepted for podium presentations at the NANS 2022 Annual Meeting on January 15, 2022. The presentations will showcase critical results from the largest randomized controlled trial of spinal cord stimulation for PDN, involving 216 subjects, and 12-month outcomes from a similar trial for NSRBP with 159 participants. A focus will also be on the cost-effectiveness of their 10 kHz spinal cord stimulation.
Nevro Corp. (NYSE: NVRO), a leader in innovative medical devices for chronic pain, announced its participation in the 40th Annual J.P. Morgan Healthcare Conference. D. Keith Grossman, Chairman, CEO, and President, will present on January 10, 2022, at 7:30 am PT in San Francisco, CA. A live webcast will be accessible on Nevro's website. The company focuses on the Senza spinal cord stimulation system, which offers evidence-based, non-pharmacologic pain management solutions.
Nevro Corp. (NYSE: NVRO) announced two poster presentations at ISPOR Europe 2021, focusing on health economic results from the SENZA-PDN trial. The first study showed a trend towards reduced hospitalization rates and shorter stays for patients receiving 10 kHz spinal cord stimulation (SCS) combined with conventional medical management compared to those on conventional management alone. The second study revealed that patients receiving SCS therapy earlier incurred nearly €8,000 less in costs than those starting therapy later. Both studies aim to enhance physician referral decisions and expand payer coverage for diabetic neuropathy treatments.
Nevro Corp. (NYSE: NVRO) announced three significant clinical publications for treating Painful Diabetic Neuropathy (PDN) with 10 kHz Therapy, including 12-month results from the SENZA-PDN Randomized Controlled Trial. Published findings highlight the effectiveness of high-frequency spinal cord stimulation (SCS) in providing significant pain relief and neurological improvements. Notably, 86% of participants reported over 50% pain relief at 12 months. Nevro's 10 kHz SCS is currently the only FDA-approved device for PDN, aiming to expand payer coverage policies for broader access.
Nevro Corp. (NVRO) reported its Q3 financial results for 2021, revealing worldwide revenue of $93.2 million, down 14% year-over-year. Net loss from operations reached $46.4 million, influenced heavily by a $20 million patent litigation judgment. The gross profit decreased to $64.6 million, with a margin of 69.3%. The company provided Q4 revenue guidance of $94 million to $98 million, indicating an 11% to 14% decline compared to the previous year. The quarter's performance was impacted by COVID, affecting patient procedures, but the FDA approval of 10 kHz SCS Therapy for PDN offers a potential growth avenue.
Nevro Corp. (NYSE: NVRO) announced a jury verdict finding it in infringement of two Boston Scientific patents regarding spinal cord stimulation leads, resulting in a $20 million award to Boston Scientific. Despite this outcome, Nevro asserts that there are no commercial implications for current or future products. The company plans to appeal the decision, emphasizing that the lawsuit is a retaliatory action from Boston Scientific stemming from a prior lawsuit filed by Nevro. Nevro continues to maintain its position in the market as the exclusive provider of its patented 10 kHz Therapy.
Nevro Corp. (NYSE: NVRO), a leading medical device company specializing in chronic pain solutions, announced that CEO D. Keith Grossman will present at the Piper Sandler 33rd Annual Virtual Healthcare Conference. The presentation will be accessible starting November 22, 2021, at 10:00 am ET. Investors can find a webcast and archived recording on Nevro's website. Nevro is known for its innovative Senza spinal cord stimulation system, which offers non-pharmacologic treatment options for chronic pain, aiming to enhance the quality of life for patients.
Nevro Corp. (NYSE: NVRO) has announced that it will report its third quarter financial results for the period ending September 30, 2021, after market close on November 8, 2021. A conference call will be held on the same day at 1:30 PM PT to discuss these results. Investors can participate by dialing in or accessing a live webcast available on Nevro's website. Nevro specializes in innovative medical devices for chronic pain treatment, notably through its proprietary 10 kHz Therapy that has shown significant efficacy in reducing opioids usage among patients.
Nevro Corp. (NYSE: NVRO) announced the appointment of Sri Kosaraju to its Board of Directors, effective August 31, 2021. Kosaraju brings extensive experience in life sciences and medical technology, having served as CEO of Inscripta and former President of Penumbra. His vast background in healthcare positions him to support Nevro's growth and product development. Nevro is known for its innovative spinal cord stimulation systems aimed at improving chronic pain treatment, with its proprietary 10 kHz Therapy showing significant efficacy in clinical studies.