Helius Medical Technologies (OTC:HSDT) said it drew down on the $5 million remaining in its credit facility from a Chinese investor and extended a research deal with the U.S. Army. Newtown, Pa.-based Helius said that in return for the draw-down, it gave A&B Co. Ltd., its partner in a deal to develop and commercialize its Portable Neuromodulation Stimulator in Asia, […]
Helius Medical wins US Army deal
Helius Medical Technologies said yesterday its subsidiary NeuroHabilitation Corporation inked a cost sharing contract with the U.S. Army Medical Research and Materiel Command to support a trial of its portable neuromodulation stimulator. The device is designed to treat balance disorder in patients with mild to moderate traumatic brain injury, the Newton, Penn.-based company said. “This important contract represents […]
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