Helius Medical Explores Strategic Options to Boost Value

Helius Medical Technologies, Inc.'s Strategic Exploration

Helius Medical Technologies, Inc. is making strategic moves to prioritize the interests of its stockholders. As a prominent player in the neurotech industry, the company is dedicated to addressing balance and gait issues through advanced neuromodulation therapies. Recently, the company shared its intention to explore various strategic alternatives aimed at enhancing its overall value.

Engagement of Financial Advisors

In its journey towards strategic optimization, Helius has enlisted B. Riley Securities as their financial advisor. This collaboration aims to comprehensively evaluate a variety of strategic options, including potential mergers, acquisitions, or other business combinations. The goal is to create substantial value for stockholders, particularly amid challenges like the recent deferral of reimbursement payment determination affecting its PoNS Controller product.

Challenges Confronting Helius Medical

The company faces hurdles related to inadequate pricing issues with the PoNS Mouthpiece determined by CMS, which have constrained its operational advancement and hindered access to traditional financing. These financial strains highlight the importance of the strategic review process that Helius is currently undertaking.

Understanding the PoNS Therapy

At the core of Helius Medical’s mission is the Portable Neuromodulation Stimulator (PoNS), an innovative device aimed at treating neurological conditions. The technology delivers neurostimulation via a mouthpiece connected to a controller, primarily designed for home use in conjunction with physical rehabilitation exercises.

Indications and Effectiveness

The PoNS device has received authorization in the United States for short-term treatment of gait deficits caused by mild-to-moderate multiple sclerosis symptoms. The technology is prescribed for patients 22 years of age and older as an adjunct to supervised therapeutic programs. In Canada, it has shown efficacy in improving balance and reducing the risk of falls in stroke patients.

Future Directions for Helius Medical

Helius Medical's exploration of strategic options reflects its commitment to innovation and improvement in the neurotech field. As the company continues to evaluate potential pathways for growth, it remains focused on ensuring the quality and accessibility of its products to those in need.

Investor Relations and Communication

Open lines of communication are essential as the company navigates this process. Philip Trip Taylor of the Gilmartin Group serves as the point of contact for investors looking for more information on Helius Medical's strategic initiatives. Investors can reach out via email to discuss any inquiries related to the company’s future direction.

Frequently Asked Questions

What is Helius Medical Technologies, Inc. known for?

Helius Medical Technologies, Inc. specializes in developing innovative neurotech solutions aimed at treating neurological deficits, particularly through its PoNS device.

What strategic alternatives is Helius exploring?

The company is exploring various options, including mergers, acquisitions, and other business combinations to maximize stockholder value.

Who are Helius Medical's financial advisors?

Helius has engaged B. Riley Securities to assist in their strategic review process.

What is the PoNS device?

The Portable Neuromodulation Stimulator (PoNS) is a therapeutic device that delivers neurostimulation to improve balance and gait issues in patients.

How can investors reach Helius Medical for inquiries?

Investors can contact Philip Trip Taylor at the Gilmartin Group via email for any inquiries regarding the company's strategic initiatives.

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