STOCKS TELEGRAPH

Tag: NeuroMetrix stock

  • Elevating Shareholder Value: NeuroMetrix (NURO) Unveiled Forward-Thinking Measures

    Elevating Shareholder Value: NeuroMetrix (NURO) Unveiled Forward-Thinking Measures

    NeuroMetrix, Inc. (NASDAQ: NURO) is experiencing a significant surge in its stock value during the current  trading session, marking a notable 17.13% increase, with shares trading at $4.25 as of the last check. This uptick in NURO stock price closely followed the revelation by the company of steps taken to enhance shareholder value.

    NeuroMetrix (NURO) unveiled measures to bolster shareholder value today, spurred by insights and counsel from one of its prominent stakeholders, Ephraim Fields of Echo Lake Capital. The NeuroMetrix Board ratified the selection of Joshua S. Horowitz as a fresh independent director for a one-year term.

    Mr. Horowitz brings to the table a wealth of experience as a seasoned investor spanning over 22 years, notably serving as a portfolio manager at Palm Management (US) LLC since January 2012. Additionally, he assumed the role of Director at Barnwell, Inc. in February 2023 and was appointed chairman of the Board of Directors at BK Technologies in December 2023.

    His extensive investment acumen and boardroom proficiency, especially within the realm of micro and small cap enterprises, render him particularly apt to guide NeuroMetrix through its ongoing strategic assessment. In parallel, NeuroMetrix has opted to discontinue its at-the-market (ATM) equity arrangement previously established with Ladenburg Thalmann & Co., Inc. on October 22, 2021.

    Highlighting recent developments, NeuroMetrix underscored a substantial study corroborating the efficacy of DPNCheck in conjunction with standard EKG or as a standalone tool for accurate detection of diabetic peripheral neuropathy (DPN). Hayashi and collaborators scrutinized 167 patients afflicted with Type 1 or Type 2 diabetes, employing a gold standard nerve conduction study as the reference for DPN diagnosis.

    By leveraging DPNCheck measurements, patient age, and the coefficient of variation of R-R intervals (CVR-R)—a metric assessing autonomic function standardly generated by EKG machines—the authors derived a predictive algorithm. The amalgamation of DPNCheck with CVR-R exhibited robust diagnostic efficacy, as evidenced by an area under the receiver operating curve (AUC) of 0.88.

    Similarly robust performance was observed when DPNCheck was employed in isolation. The authors concluded that integrating DPNCheck with electrocardiography simplifies the diagnosis of DPN, rendering it widespread, reproducible, and dependable.

  • NeuroMetrix, Inc. (NURO) Stock Soars Following Breakthrough Designation for Quell Device

    NeuroMetrix, Inc. (NURO) Stock Soars Following Breakthrough Designation for Quell Device

    NeuroMetrix, Inc. (NURO) stock prices skyrocketed by 145.51% some time after market trading commenced on July 20th, 2021, bringing the price per share up to USD$8.00 early on in the trading day.

    Breakthrough Designation Granted

    July 20th, 2021 saw the company announce that the United States Food and Drug Administration granted Breakthrough Designation for NURO’s Quell device, which is designed to treat symptoms of fibromyalgia in adults. With the company reporting moving forward with regulatory filing, it hopes to launch Quell for fibromyalgia indication by the second half of 2021.

    Fibromyalgia

    Fibromyalgia is a form of chronic pain that is associated with fatigue, sleep, cognitive, and mood disturbances. With nearly 2 to 6% of the population of the U.S being affected, diagnoses are most often made between the ages of 30 and 50. While the cause of the illness is unclear, studies have indicated abnormalities in the way the brain processes normal sensations and pain. Despite the FDA having approved several drugs for the management of fibromyalgia pain, there is still a significant unmet need for safe and effective non-pharmacological treatments.

    Quell Technology

    Quell is an innovative, non-invasive, nerve stimulation device that is designed to mitigate the effects of fibromyalgia. Covered by 18 U.S utility patents, it sets itself apart as the only wearable neurostimulator that functions with the use of a custom designed microchip. The device provides flexible, accurate, high-power nerve stimulation in a form factor not bigger than a credit card. The device uses position and motion sensing to automatically adjust stimulation output for an optimal patient experience over the course of the entire day. Bluetooth low energy is supported by the device in communication with its app, which is available on both Android and Apple mobile devices.

    Breakthrough Device Designation

    The FDA Breakthrough Device Program is designed to facilitate the accessibility of breakthrough technologies for the patients that need them urgently. As per the program, the FDA will provide a priority review for NeuroMetrix, as well as interactive communication regarding its development. Furthermore, government policies and programs currently in the works have the potential to facilitate Medicare reimbursement for FDA Breakthrough Devices after they have been granted marketing authorization.

    Future Outlook for NURO

    Armed with the support of the FDA, NURO is poised to capitalize on the massive market space it finds at its disposal. Current and potential investors are hopeful for the accelerated development and commercialization of Quell so as to maximize gains in shareholder value.

  • How Has The NeuroMetrix (NURO) Stock Appreciated In After Hour Trades?

    How Has The NeuroMetrix (NURO) Stock Appreciated In After Hour Trades?

    In after-market trading hours on Tuesday, NeuroMetrix Inc. (NURO) advanced 7.06% to $3.64. During the last trading session, NeuroMetrix stock gained 0.29% to close at $3.40. A range of $3.355 to $3.75 was the price range of the NURO stock. NURO stock surged on the news that its device would be utilized in a clinical trial.

    What kind of technology did NURO have?

    NeuroMetrix is a global medical device company that focuses on non-invasive medical device development and global commercialization for the diagnosis and treatment of diseases of the nervous system.

    Three NURO products are commercially available.

    • DPNCheck is a device that detects peripheral neuropathies at the point of care.
    • Developed for in-office evaluation of focal neuropathies, ADVANCE is a diagnostic device which provides automated nerve conduction studies.
    • Quell is an over-the-counter wearable neuro stimulating device indicated for symptomatic relief of chronic lower extremity pain.

    Yesterday, NeuroMetrix announced it would employ Quell technology in a randomized, double-blinded study.

    • Transcutaneous electrical nerve stimulation (TENS) has been tested in order to determine whether it is a feasible, effective, and acceptable way to relieve pain in patients with NMOSD.
    • Michael Levy is the principal investigator at Massachusetts General Hospital’s NMO Clinic and Research Laboratory.
    • A total of 46 NMOSD patients will be enrolled in the current trial.
    • Four weeks will be devoted to the active and sham Quell trials.
    • Subjects will then be subject to a 4-week active treatment phase under open label.
    • Based on the 11-point numerical pain scale, the baseline to 4-week pain intensity change is the primary outcome measure.

    Is the Quell going to be used for anything?

    The results of this rigorous randomized controlled trial will contribute to a growing body of evidence demonstrating the benefits of NURO’s Quell technology in chronic pain conditions with neuropathic pain components. NeuroMetrix (NURO)’s device may be able to help patients with neuropathic pain, which has significant unmet clinical needs.

  • What changed for these 30 stocks in Pre Market Session

    What changed for these 30 stocks in Pre Market Session

    Usio Inc. (USIO) stock soared 41.54% to $2.59 in the pre-market trading after declaring that it has entered into a non-binding Letter of Intent (LOI) to acquire the assets of Information Management Solutions, LLC (IMS).
    NeuroMetrix Inc. (NURO), a Medical Instruments & Supplies company, dropped about -8.03% at $2.75 in pre-market trading Wednesday.
    Cinedigm Corp. (CIDM) stock moved up 43.36 percent to $1.23 in the pre-market trading following a strategic alliance with Spherex to drive Cinedigm’s global growth.
    Recon Technology Ltd. (RCON) stock moved up 112.5 percent to $3.06 in the pre-market trading.
    Curis Inc. (NASDAQ: CRIS) shares are trading up 2.29% at $6.7 at the time of writing after revealing proposed public offering of common Stock. Company’s 52-week ranged between $0.62 to $3.59. Analysts have a consensus price target of $5.
    Gran Tierra Energy Inc. (GTE) lost over -7.04% at $0.355 in pre-market trading Wednesday December 09, 2020. The firm recently declared a financial update and the Company’s 2021 capital budget and production guidance.
    Aurora Cannabis Inc. (ACB) is down more than -0.94% at $10.5 in pre-market hours Wednesday December 09, 2020. The stock had jumped over 1.24% to $10.60 in the last trading session.
    Carnival Corporation & Plc (CCL) is up more than 2.76% at $24.22 in pre-market hours Wednesday December 09, 2020 following declaration of Cunard, a part of Carnival Corporation & plc (CCL), that it has extended its pause in operations due to the ongoing travel constraints in place across the world. The stock had jumped over 1.59% to $23.57 in the last trading session.
    Before the trading started on December 09, 2020, Occidental Petroleum Corporation (OXY) is up 2.56% to reach $19.62 after reporting upsize of previously announced cash tender offers and consent solicitations for certain of its senior notes. It has been trading in a 52-week range of $8.52 to $47.58.
    Virgin Galactic Holdings Inc. (SPCE) stock soared 2.55% to $34.24 in the pre-market trading. The most recent rating by Goldman, on October 23, 2020, is a Neutral.
    Eastman Kodak Company (NYSE: KODK) shares are trading down -4.04% at $10.7 at the time of writing after getting clean chit from U.S government regarding a government loan. Company’s 52-week ranged between $1.50 to $60.00.
    Moderna Inc. (MRNA) grew over 3.38% at $175.6 in pre-market trading today after declaring that the Swiss Federal Government has increased its confirmed order commitment from 4.5 million to 7.5 million doses of Moderna’s vaccine candidate against COVID-19, mRNA-1273.
    Riot Blockchain Inc. (RIOT), a Software – Application company, dropped about -5.78% at $9.3 in pre-market trading Wednesday.
    Norwegian Cruise Line Holdings Ltd. (NCLH), a Travel Services company, rose about 1.95% at $28.7 in pre-market trading Wednesday after announcing partnership with AtmosAir Solutions.
    XPeng Inc. (XPEV) stock moved down -3.72 percent to $46.88 in the pre-market trading following the pricing of follow-on public offering of American depositary shares.
    Cinemark Holdings Inc. (CNK) stock soared 2.26% to $15.36 in the pre-market trading. The most recent rating by Loop Capital, on November 19, 2020, is a Hold.
    Before the trading started on December 09, 2020, Tonix Pharmaceuticals Holding Corp. (TNXP) is up 0.15% to reach $0.65 after declaring results of positive phase 3 RELIEF study for TNX-102 SL 5.6 mg in Fibromyalgia. It has been trading in a 52-week range of $0.39 to $2.46.
    CBAK Energy Technology Inc. (NASDAQ: CBAT) shares are trading up 3.3% at $5.95 at the time of writing following the publication of securities purchase agreement with certain institutional investors for a registered direct placement of approximately $49.2 million of common stock at a price of $5.18 per share. Company’s 52-week ranged between $0.36 to $11.40.
    Jaguar Health Inc. (NASDAQ: JAGX) shares are trading down -4.84% at $0.3798 at the time of writing. Company’s 52-week ranged between $0.19 to $1.08. Analysts have a consensus price target of $2.
    United Airlines Holdings Inc. (UAL) grew over 1.88% at $49.96 in pre-market trading today after launching virtual, on demand customer service at the airport.
    GameStop Corp. (GME) is down more than -17.59% at $13.96 in pre-market hours Wednesday December 09, 2020 after releasing results for the third quarter ended October 31, 2020. The stock had jumped over 3.61% to $16.94 in the last trading session.
    Before the trading started on December 09, 2020, ADMA Biologics Inc. (ADMA) is up 4.31% to reach $2.18. It has been trading in a 52-week range of $1.45 to $4.65.
    Before the trading started on December 09, 2020, HEXO Corp. (HEXO) is down -2.91% to reach $1.0. The firm recently reported downward revision to its proposed share consolidation ratio. It has been trading in a 52-week range of $0.35 to $2.30.
    United Microelectronics Corporation (UMC) is up more than 1.37% at $8.88 in pre-market hours Wednesday December 09, 2020 afterreporting unaudited net sales for the month of November 2020. The stock had dropped over -3.10% to $8.76 in the last trading session.
    Apache Corporation (NASDAQ: APA) shares are trading up 1.08% at $14.92 at the time of writing following the board of directors of Apache Corporation (APA) has declared a regular cash dividend on the company’s common shares. Company’s 52-week ranged between $3.80 to $33.77. Analysts have a consensus price target of $16.
    Phunware Inc. (PHUN) stock moved down -3.28 percent to $0.81 in the pre-market trading after revealing its receipt of the Privacy Shield certification.
    Sorrento Therapeutics Inc. (SRNE) stock soared 9.62% to $8.66 in the pre-market trading after declaring that it has received CLIA Licensure from the State of California that permits testing of clinical samples. The most recent rating by H.C. Wainwright, on July 31, 2020, is a Buy.
    Sesen Bio Inc. (SESN) gained over 5.42% at $1.75 in pre-market trading Wednesday December 09, 2020 following the announcement of commercial manufacturing and global supply partnership with Qilu Pharmaceutical.
    Before the trading started on December 09, 2020, Futu Holdings Limited (FUTU) is up 2.27% to reach $44.61 after reporting that a leading global investment firm has agreed to purchase approximately 50,000,000 Class A ordinary shares of the Company in the form of prepaid warrants for an aggregate purchase price of approximately US$260,000,000. It has been trading in a 52-week range of $8.16 to $51.10.
    Westwater Resources Inc. (WWR) stock soared 3.87% to $5.63 in the pre-market trading. The company recently provided an update on progress at its pilot plant operations at Dorfner Anzaplan’s facilities near Amberg, Germany, as well as at facilities in Frankfort, Germany, Chicago, Illinois, and Buffalo, New York.