Featured Company News - NeuroMetrix Announces Issuance of New US Patent for Automated Control of Quell(R) Therapy During Sleep
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LONDON, UK / ACCESSWIRE / August 17, 2017 /Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for NeuroMetrix, Inc. (NASDAQ: NURO), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=NURO. NeuroMetrix declared on August 15, 2017, that the US Patent and Trademark Office has issued US Patent No. 9,731,126. This patent covers an innovative technology wherein NeuroMetrix's Quell® device automatically modulates therapeutic neurostimulation based on the user's sleep characteristics. The patent also includes claims related to providing device users with feedback about their sleep. For immediate access to our complimentary reports, including today's coverage, register for free now at:
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Inadequate Sleep Aggravates Pain
Most of the people with chronic pain experience sleep disorders, mostly insomnia. Inadequate sleep aggravates pain symptoms, which in turn leads to a vicious cycle of decreased activity during the day and lesser sleep at night. Quell® addresses the impact of chronic pain on sleep. In fact, it is the only transcutaneous electrical nerve stimulator cleared by the FDA for use during sleep, which is available over the counter. It measures and tracks sleep data, which helps users understand the amount and quality of their sleep. Users can also access their sleep measurements on the Quell® smartphone app and Quell® Health Cloud.
Wearable Technology that Treats Chronic Pain during Sleep
Quell® has been designed for millions of people suffering from chronic pain. It comes in the form of an advanced lightweight wearable device. It can be worn during the day while active as well as at night while sleeping. Quell® is integrated into a digital health platform that helps patients optimize their therapy and decrease the impact of chronic pain on their quality of life. It offers its users the flexibility to personalize and manage therapy discreetly via the Quell® Relief app. It also provides advanced health tracking, which is particularly relevant for chronic pain sufferers including pain, sleep, activity, and gait.
According to a recent study, around 81% of Quell® users confirmed an improvement in their chronic pain. Quell was the winner of the 2016 South by Southwest (SXSW) Innovation Award for Best Wearable Technology. Moreover, FDA has approved Quell® for treatment of chronic pain without a prescription.
Quell® is available at select healthcare professionals and retailers. More detailed information about the device is available on the website QuellRelief.com.
Patent Expands Competitive Position of NeuroMetrix
Shai N. Gozani, Ph.D. and M.D. at NeuroMetrix, reaffirmed that chronic pain can severely disrupt one's quality of life. For a lot of people, pain increases throughout the day and peaks at night. And these higher levels of pain prevent one from getting to sleep and also staying asleep. Shai N. Gozani expressed his pleasure on receiving the latest patent for automated regulation of Quell therapy during sleep. He mentioned that this patent would further expand the wearable pain relief intellectual property assets of NeuroMetrix and strengthen its long-term competitive position.
NeuroMetrix is a leading commercial-stage, innovation-driven healthcare Company. It is located in Waltham, Massachusetts and was founded as a spinoff from the Harvard-MIT Division of Health Sciences and Technology in 1996. The Company addresses chronic health conditions such as sleep disorders, chronic pain, and diabetes by combining neurostimulation and digital medicine. It seeks to maintain an active research effort and has several pipeline programs.
Last Close Stock Review
On Wednesday, August 16, 2017, NeuroMetrix's stock closed the trading session at $1.87, climbing 3.89% from its previous closing price of $1.80. A total volume of 3.62 thousand shares were exchanged during the session. The stock currently has a market cap of $3.96 million.
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