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Home » The wait is over for Cyberkinetics

The wait is over for Cyberkinetics

March 19, 2009 By MassDevice staff

Delays at the federal Food and Drug Administration and dwindling cash resources will force Cyberkinetics to close its doors for good, The Boston Globe reported.

After a two-year wait to get its Andara Oscillating Field Stimulator approved by the FDA, Cyberkinetics was forced in January to sell the technology to Waltham-based NeuroMetrix Inc. for $350,000. The device is designed to help regenerate nerve cells in patients with severe spinal injuries.

Former CEO Tim Surgenor will join the NeuroMetrix board April 1.

Filed Under: Business/Financial News, Neurological, Orthopedics

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