NeuroOne, RBC Medical Innovations Come Together For Ablation Device Program

  • NeuroOne Medical Technologies Corporation NMTC has executed an agreement with RBC Medical Innovations for a proprietary radiofrequency (RF) generator.
  • The program will develop and manufacture an RF generator for use with NeuroOne's ablation electrode designed to record brain activity and ablate brain tissue using the same electrode. 
  • Currently, two separate hospital visits and surgeries are required to treat seizures due to epilepsy or brain tumors that contribute to seizures. 
  • The partnership will offer a complete system combining the ablation electrode with the hardware and software required to perform the procedures. 
  • The project is expected to be completed in late 2022, pending receipt of regulatory clearance.
  • Price Action: NMTC shares are up 8.39% at $4.20 during the market session on the last check Monday.
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