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Prosthetics

Myomo rises after hours on more than 200% revenue increase

November 10, 2020 By Sean Whooley

Myomo (NYSE:MYO) shares ticked up after hours today on third-quarter results that topped the consensus forecast. MYO shares were up 15.9% at $5.60 per share after hours. The Cambridge, Mass.-based company posted losses of -$2.8 million, or -70¢ per share, on sales of $1.9 million for the three months ended Sept. 30, 2020, for a slight […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Prosthetics, Robotics, Wall Street Beat Tagged With: myomo

Myomo names chief medical officer

November 2, 2020 By Danielle Kirsh

Myomo (NYSE:MYO) today said it appointed Dr. Harry Kovelman as chief medical officer, effective immediately. Kovelman will be responsible for overseeing the company’s patient advocacy organization. He will work with commercial and government payer organizations to increase patient access to the MyoPro product line. “I’m pleased to welcome Dr. Kovelman to Myomo as we continue to […]

Filed Under: Business/Financial News, Prosthetics Tagged With: myomo

Myomo lands Medicare coverage

September 16, 2020 By Sean Whooley

Myomo (NYSE:MYO) announced that it received authorization to be a Medicare provider through the Centers for Medicare & Medicaid Services. CMS, under the U.S. Dept. of Health and Human Services, now includes Cambridge, Mass.-based Myomo in its Medicare Supplier Directory at Medicare.gov, which enables Myomo to bill Medicare directly when it delivers its MyoPro orthosis in […]

Filed Under: Business/Financial News, Medicare, Prosthetics, Robotics Tagged With: Centers for Medicare and Medicaid Services (CMS), Myomo Inc, Reimbursement

B-Temia wins FDA clearance for mobility exoskeleton

September 14, 2020 By Sean Whooley

B-Temia announced today that it received FDA 510(k) clearance for its Keeogo Dermoskeleton human mobility system. Short for “keep on going,” Keeogo is a lower-limb-powered human mobility device with Dermoskeleton lightweight exoskeleton technology that provides what the Quebec City-based company describes in a news release as a “true human-machine interface.” The Keeogo Dermoskeleton is designed […]

Filed Under: 510(k), Food & Drug Administration (FDA), Orthopedics, Prosthetics, Regulatory/Compliance Tagged With: B-Temia

Myomo launches MyoCare

July 9, 2020 By Sean Whooley

Myomo (NYSE:MYO) announced today that it launched its MyoCare program for providing support to first-year users of its MyoPro powered brace. MyoCare offers expanded support to current and future clients who receive their MyoPro directly from the Cambridge, Mass.-based company, at no additional cost. Anyone who obtained the MyoPro from an authorized orthotics & prosthetics clinic […]

Filed Under: Business/Financial News, Prosthetics, Robotics Tagged With: Myomo Inc

Steeper Group acquires College Park Industries’ Espire Elbow

June 2, 2020 By Sean Whooley

Steeper Group announced today that it completed the acquisition of College Park Industries’ Espire Elbow prostheses range. Leeds, England-based Steeper Group completed the transaction after a COVID-19-forced delay. After the FTC approved Össur’s acquisition of College Park Industries, the three parties agreed to the delay, but are now able to complete the transaction. Espire Elbow […]

Filed Under: Business/Financial News, Mergers & Acquisitions, Prosthetics Tagged With: College Park Industries, Ossur, Steeper Group

Myomo drops on Q4 losses

March 13, 2020 By Sean Whooley

Myomo (NYSE:MYO) shares took a hit today on fourth-quarter results that missed the consensus forecast for earnings but topped the revenue projections. The Cambridge, Mass.-based commercial-stage medical robotics company yesterday evening posted losses of $2.8 million, or -$4.81 per share, on sales of $1.5 million for the three months ended Dec. 31, 2019, for a 2.6% […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Prosthetics, Robotics, Wall Street Beat Tagged With: Myomo Inc

Myomo shares down on news of $15m public offering

February 11, 2020 By Chris Newmarker

Shares of  Myomo (NYSE:MYO) took a dive in price today after the commercial-stage medical robotics company announced it would raise $15 million from a public offering. MYO shares were down nearly 45% to $6.46 apiece by the afternoon. The company — maker of the MyoPro upper limb orthosis — is selling more than 2.1 million shares […]

Filed Under: Business/Financial News, Featured, Funding Roundup, News Well, Prosthetics, Robotics, Wall Street Beat Tagged With: Myomo Inc

Myomo stock sees week of volatility

February 6, 2020 By Chris Newmarker

Investors have traded millions of shares in commercial-stage medical robotics company Myomo (NYSE:MYO) this week, with the company saying it is unaware of what is causing the trading volatility. The Cambridge, Mass.–based company on Jan. 30 enacted a 1-for-30 reverse stock split, with stocks slumping for a few days before doubling in value on Tuesday and then […]

Filed Under: Business/Financial News, Featured, News Well, Prosthetics, Robotics, Wall Street Beat Tagged With: Myomo Inc

Animal OrthoCare gives dog a leg up on life

December 20, 2019 By Nancy Crotti

A Minnesota company is on a mission to develop prosthetics, braces and pain-relief medical devices for animals that are just as good as those made for humans. You may have seen the handiwork of veterinary medical device firm Animal Ortho Care. The company enabled a mini dwarf pony named Pumpkin that was born with four […]

Filed Under: Business/Financial News, Featured, Orthopedics, Prosthetics, Research & Development Tagged With: animal ortho care, Caerus Corp, Noah's Ark Rescue, OrthoCor Medical Inc.

Second Sight beat The Street in Q2 despite $8.44m loss

August 7, 2019 By Nancy Crotti

Second Sight Medical (NSDQ:EYES) posted second-quarter results yesterday that beat both the sales and earnings forecasts on Wall Street as it accelerated its pivot toward manufacturing a new cortical implant. Citing the costs of reorganization, the Sylmar, Calif.-based company reported a  loss of $8.44 million, or -0.07¢ per share, on sales of $1.28 million for […]

Filed Under: Blog, Business/Financial News, Featured, Neuromodulation/Neurostimulation, News Well, Prosthetics, Research & Development, Vision, Wall Street Beat Tagged With: Second Sight

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