ONWARD Medical Receives Grant for Groundbreaking BCI Research
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ONWARD Medical Secures Grant for Innovative Study
Recently, ONWARD Medical N.V. (Euronext: ONWD) announced an exciting development. The medical technology firm is set to enhance its pioneering spinal cord stimulation therapies aimed at helping individuals with spinal cord injuries (SCI) regain movement and independence. With the support of a grant from the Christopher & Dana Reeve Foundation, ONWARD is expanding its early clinical feasibility study focused on a brain-computer interface (BCI) designed to restore hand and arm functionality after injury.
Clinical Trials and Collaboration
This promising study, already backed by the European Innovation Council, is gaining traction through the collaboration with .NeuroRestore, a research initiative involving the Swiss Federal Institute of Technology (EPFL) and Lausanne University Hospital (CHUV). As a result of this latest funding of $1.1 million, the program will enable the implantation of the ONWARD ARC-BCI System in up to four additional participants.
A Leap in Movement Restoration
According to ONWARD Medical’s CEO, Dave Marver, while many companies explore BCI technology for computer interfaces, ONWARD is on the forefront of enhancing movement restoration for individuals with SCI. This support from the Reeve Foundation is crucial for advancing their important clinical studies.
Research Impact and Future Prospects
Dr. Marco Baptista, Chief Scientific Officer at the Christopher & Dana Reeve Foundation, expressed excitement about this collaboration, emphasizing their shared vision to accelerate scientific breakthroughs that address the pressing needs of those living with SCI.
The ARC-BCI System Explained
The ARC-BCI System is a fascinating blend of cutting-edge technology. It integrates the investigational WIMAGINE BCI and ONWARD ARC-IM Therapy. This unique combination aims to offer patients thought-driven control over movement, effectively serving as a DigitalBridge™. Known for its impressive safety data over several years, the WIMAGINE has shown promise in enhancing patients' voluntary movement capabilities.
Regulatory Acceptance and Innovative Solutions
Earlier this year, ONWARD Medical also proudly announced its acceptance into the FDA’s Total Product Lifecycle Advisory Program (TAP) for its ARC-BCI platform, which has also been awarded Breakthrough Device Designation (BDD). These acknowledgments signal significant progress in bringing innovative therapies to the market.
Commitment to Excellence in SCI Care
ONWARD Medical’s dedication to restoring functions for those with SCI is reflected in its extensive research and development. Their pioneering ARC Therapy™ has gained recognition with multiple Breakthrough Device Designations from the FDA, highlighting the company’s commitment to scientific excellence and patient care. Through the ARC-BCI platform, ONWARD is also examining new applications for addressing mobility challenges and exploring the potential for improved gait in other conditions, including Parkinson's disease.
About ONWARD Medical
Headquartered in Eindhoven, ONWARD Medical operates a Science and Engineering Center in Lausanne, Switzerland, and maintains a US office in Boston. The company continues to push the boundaries of medical technology, ensuring that innovative spinal cord therapies lead to improved outcomes for patients worldwide. Being publicly traded on Euronext, their ticker symbol ONWD represents their growth journey in this impactful area of healthcare.
Frequently Asked Questions
What is the purpose of the grant received by ONWARD Medical?
The grant aims to expand an early clinical feasibility study exploring the use of a brain-computer interface to restore movement for individuals with spinal cord injuries.
Who are ONWARD Medical's partners in this research?
ONWARD Medical collaborates with the Christopher & Dana Reeve Foundation and .NeuroRestore, which includes the Swiss Federal Institute of Technology and Lausanne University Hospital.
What does the ARC-BCI System offer?
The ARC-BCI System combines targeted spinal cord stimulation and brain-computer interface technology to facilitate thought-driven movement restoration for patients.
How is ONWARD Medical advancing its therapy technologies?
ONWARD Medical participates in FDA programs and has received multiple Breakthrough Device Designations, underscoring its commitment to innovative healthcare solutions.
Where is ONWARD Medical headquartered?
ONWARD Medical is headquartered in Eindhoven, the Netherlands, with additional facilities in Switzerland and the United States.
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