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Bioness neuromodulator cleared by FDA

Feb. 24, 2015 9:43 AM ETVivani Medical, Inc. (VANI) StockSTJ, BSX, MDT, MNKD, NURO, VANIBy: Douglas W. House, SA News Editor6 Comments
  • The FDA grants 510(k) clearance to privately-held Bioness' StimRouter, an implantable neuromodulation device for the treatment of chronic pain of peripheral nerve origin. It is the first implanted device with a specific indication for peripheral nerve stimulation.
  • The system consists of an implanted lead , an external pulse transmitter and conductive electrode and a small hand-held wireless control unit.
  • Bioness is yet another medical products firm started by serial entrepreneur Al Mann, the force behind Second Sight Medical Products (EYES +21.3%), MannKind (MNKD -1%), Advanced Bionics and MiniMed.
  • Neuromodulation-related tickers: (MDT -0.3%)(STJ -1.9%)(BSX)(NURO)

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