NeuroOne Medical Technologies Corporation
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Eden Prairie, MN– July 22, 2020– NeuroOne Medical Technologies Corporation (OTCQB: NMTC), a medical technology company focused on improving surgical care options and outcomes for patients suffering from neurological disorders, today announces the execution of an Exclusive Development and Distribution Agreement with Zimmer Biomet. Under the terms of the agreement, Zimmer Biomet will acquire exclusive global rights to distribute NeuroOne’s Evo™ (Evo) patented electrode technology.
This partnership is expected to provide an upfront payment to NeuroOne and may provide back-end milestone payments to NeuroOne if certain milestones are met.
Evo cortical electrodes, intended for recording, monitoring and stimulating brain tissue for up to 30 days, have the potential to change the landscape of neurosurgical procedures. The technology, utilizing sophisticated automated manufacturing processes, offers a thin-film lightweight design, high resolution capabilities, reduced immunological response—as demonstrated in pre-clinical studies—and the potential to be placed in a minimally invasive manner. The Evo electrode product line is expected to be complementary to Zimmer Biomet’s ROSA One platform.
Dave Rosa, president and CEO, NeuroOne, says, “We are extremely proud to partner with Zimmer Biomet, one of the world’s most highly respected medical device manufacturers and a worldwide leader in robotic technology used for a variety of orthopedic and minimally invasive neurosurgical procedures. I believe this collaborative partnership will allow us to more quickly and efficiently penetrate the market while focusing our resources on the pursuit of additional applications of our technology. Despite the current challenges with the COVID-19 pandemic, we are confident that our suppliers will be able to meet our initial launch order requests so that we can initiate commercialization efforts.”
About NeuroOne
NeuroOne Medical Technologies Corporation is a developmental stage company committed to providing minimally invasive and hi-definition solutions for EEG recording, brain stimulation and ablation solutions for patients suffering from epilepsy, Parkinson’s disease, essential tremors and other related neurological disorders that may improve patient outcomes and reduce procedural costs. For more information, visit https://www.n1mtc.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Except for statements of historical fact, any information contained in this presentation may be a forward‐looking statement that reflects NeuroOne’s current views about future events and are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. In some cases, you can identify forward‐looking statements by the words “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “objective,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “target,” “seek,” “contemplate,” “continue” and “ongoing,” or the negative of these terms, or other comparable terminology intended to identify statements about the future. Forward‐looking statements may include statements regarding NeuroOne’s potential receipt of payments pursuant to the Zimmer Biomet partnership, the timing and extent of commercialization of the technology, the ability of suppliers and third parties to manufacture the product, business strategy, market size, potential growth opportunities, plans for product applications and product development, future operations, future efficiencies, and other financial and operating information. Although NeuroOne believes that we have a reasonable basis for each forward-looking statement, we caution you that these statements are based on a combination of facts and factors currently known by us and our expectations of the future, about which we cannot be certain. Our actual future results may be materially different from what we expect due to factors largely outside our control, including risks that the partnership with Zimmer Biomet may not facilitate the commercialization or market acceptance of our technology; risks that conditions to the milestone payments pursuant to the Zimmer Biomet partnership may not be met; risks that our suppliers and other third parties may not be able to meet initial launch order requests in a timely manner or at all; risks that our technology will not perform as expected based on results of our pre-clinical and clinical trials, our ability to raise additional funds, uncertainties inherent in the development process of our technology, changes in regulatory requirements or decisions of regulatory authorities, the size and growth potential of the markets for our technology, clinical trial patient enrollment, the results of clinical trials, our ability to protect our intellectual property rights and other risks, uncertainties and assumptions, including those described under the heading “Risk Factors” in our filings with the Securities and Exchange Commission. These forward‐looking statements speak only as of the date of this press release and NeuroOne undertakes no obligation to revise or update any forward‐looking statements for any reason, even if new information becomes available in the future.
Media:
Brittany Tedesco
CPR Communications
btedesco@cpronline.com
201.641.1911 x 14
Investor Relations Contact:
Leah Noaeill
Sr. Director of Marketing
NeuroOne Medical Technologies Corporation
leahn@n1mtc.com
“Caution: Federal law restricts this device to sale by or on the order of a physician”
SOURCE: NeuroOne Medical Technologies Corporation
Eden Prairie, MN – NeuroOne Medical Technologies Corporation (OTCQB: NMTC) (NeuroOne), a medical technology company focused on improving surgical care options and outcomes for patients suffering from neurological disorders, today announces the appointment of Dr. Camilo Andres Diaz-Botia, a highly experienced neural engineer whose work has focused on the development of technologies for bidirectional communication with the nervous system, as Director of Electrode Development. Previously, Dr. Diaz-Botia led the microfabrication process engineering team at Neuralink Corp., a Company founded by Elon Musk, working on developing a high bandwidth brain machine interface.
“We are thrilled to have such a highly regarded neural engineering expert to lead our development team,” says Dave Rosa, president and CEO, NeuroOne. “Camilo brings in-depth knowledge and expertise in the design of implantable thin film electrodes. His responsibilities and experience at Neuralink, from research and development to manufacturing, expand the depth and breadth of our capabilities to further develop NeuroOne’s portfolio of thin film electrode technology. As we continue to pursue our vision of developing combination diagnostic and therapeutic electrode technology, we expect Camilo’s leadership and experience will contribute significantly to helping us achieve these goals.”
At Neuralink Corp., Dr. Diaz-Botia led and mentored the process engineering team to deliver projects with unique microfabrication processes. Under his direction, the team built and designed novel processes for integration of thin film neural probes with brain machine interface systems.
Dr. Diaz-Botia earned a B.S. in Electrical Engineering from Universidad Nacional de Colombia and a Ph.D. in Bioengineering from the joint program at the University of California Berkeley and the University of California San Francisco. During his graduate studies, he conducted research on microfabricated thin film neural interfaces for chronic implants developing electrocorticography arrays with silicon carbide, a material suitable for long-term performance in harsh environments, and electrode arrays for minimally invasive subcortical recordings. He has authored and co-authored multiple peer reviewed scientific articles published in journals including Journal of Neural Engineering, Neuron and Lab-on-a-Chip.
Dr. Diaz-Botia states, “I believe NeuroOne’s focus on bringing thin-film devices to patients will have a significant impact in their overall clinical experience. For many years, thin film technologies have been utilized in academic settings and have matured enough to address a number of clinical needs today. I am excited to be a part of the ongoing development of NeuroOne’s thin film electrodes and furthering NeuroOne’s goal of making these devices commercially available.”
About NeuroOne
NeuroOne Medical Technologies Corporation is a developmental stage company committed to providing minimally invasive and hi-definition solutions for EEG recording, brain stimulation and ablation solutions for patients suffering from epilepsy, Parkinson’s disease, essential tremors and other related neurological disorders that may improve patient outcomes and reduce procedural costs. Visit https://www.n1mtc.com/.
Forward Looking Statements
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Except for statements of historical fact, any information contained in this presentation may be a forward‐looking statement that reflects the Company’s current views about future events and are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. In some cases, you can identify forward‐looking statements by the words “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “objective,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “target,” “seek,” “contemplate,” “continue” and “ongoing,” or the negative of these terms, or other comparable terminology intended to identify statements about the future. Forward‐looking statements may include statements regarding the Company’s regulatory submissions, potential regulatory approval, commercialization of the technology, business strategy, market size, potential growth opportunities, plans for product applications and product development, future operations, future efficiencies, and other financial and operating information. Although the Company believes that we have a reasonable basis for each forward-looking statement, we caution you that these statements are based on a combination of facts and factors currently known by us and our expectations of the future, about which we cannot be certain. Our actual future results may be materially different from what we expect due to factors largely outside our control, including our ability to raise additional funds, uncertainties inherent in the development process of our technology, changes in regulatory requirements or decisions of regulatory authorities, the size and growth potential of the markets for our technology, our ability to serve those markets, the rate and degree of market acceptance of our products, clinical trial patient enrollment, the results of clinical trials, future competition, the actions of third-party clinical research organizations, suppliers and manufacturers, our ability to protect our intellectual property rights and other risks, uncertainties and assumptions, including those described under the heading “Risk Factors” in our filings with the Securities and Exchange Commission. These forward‐looking statements speak only as of the date of this press release and the Company undertakes no obligation to revise or update any forward‐looking statements for any reason, even if new information becomes available in the future.
“Caution: Federal law restricts this device to sale by or on the order of a physician.”
Media:
Brittany Tedesco
CPR Communications
btedesco@cpronline.com
201.641.1911 x 14
Investor Relations Contact:
Leah Noaeill
Sr. Director of Marketing
NeuroOne Medical Technologies Corporation
leahn@n1mtc.com
Source: NeuroOne Medical Technologies Corporation
About NeuroOne Medical Technologies
NeuroOne is a medical technology company focused on revolutionizing the standard of care for patients suffering from conditions such as epilepsy, Parkinson’s disease, dystonia, essential tremors, and other related brain disorders. We believe our thin film electrodes will be able to be placed with minimally invasive procedures and improve the outcomes for patients with neurological disorders. Additionally, we believe that the higher resolution provided by our electrodes can enable the usage of powerful computing techniques such as machine learning and artificial intelligence.
2017 was a transformational year for us. We completed a reverse merger, up-listed to the OTCQB and raised over $1.8 million in private transactions. Strategically, we established a physician advisory board, completed an early feasibility study for our depth electrode and combination diagnostic/ablation depth electrode1, and filed two provisional patents with the USPTO.
In 2018, we recruited thought leaders and highly renowned AI neurosurgeons to establish our Artificial Intelligence Advisory board. We also established our headquarters, conducted multiple rounds of pre-clinical testing on our ablation electrode2 and a pre-clinical feasibility study for minimally invasive placement of our cortical electrodes at Mayo Clinic3.
For 2019, we expect to debut our cortical electrodes, pending FDA 510(k) clearance. We submitted a 510(k) filing to the FDA for our cortical electrode product line and plan to submit our depth electrode product line later this year. Upon clearance, we intend to launch our electrode products to targeted industry leading, medical centers. We also plan on exploring additional product applications with insight from our AI advisory board.
NeuroOne Partners
Mayo Clinic
NeuroOne entered into a license and development agreement with Mayo Clinic. NeuroOne licensed worldwide certain know how for the development and commercialization of products, methods and processes related to flexible circuit thin film technology for the recording of tissue and the products developed therefrom.
Wisconsin Alumni Research Foundation
NeuroOne entered into an Exclusive Start-Up Company License Agreement with the Wisconsin Alumni Research Foundation (WARF). WARF granted NeuroOne an exclusive license to make, use and sell, in the U.S. products that employ certain licensed patents for a neural probe array or thin-film micro electrode array and method.
Our New Electrode Technology
NeuroOne is developing minimally invasive solutions for brain related disorders which include epilepsy, essential tremors, Parkinson’s disease, dystonia and other neurological conditions. We are focused on the development and commercialization of thin film electrodes for use in Intracranial (iEEG) recording and stimulation for Electrocorticography (ECoG), Stereoelectroencephalography (sEEG), ablation as well as electrodes capable of providing chronic stimulation.
Our electrodes have a new thin film technology which may reduce patient complications during procedures, allow for minimally invasive placement, are designed to provide better signal clarity in recording brain activity for diagnosis, and may reduce the cost of care while improving patient outcomes.
Why NeuroOne’s Electrode Solution is Better
In comparison to currently available technologies, we are developing thin film electrodes with the goal of reducing overall procedure times, reducing the invasiveness and risks of the procedure, improving the comfort of the patient, and improving the accuracy of diagnosis so patients suffering from neurological disorders may have a better quality of life.
Source: https://www.n1mtc.com/
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