Cyberonics Inks 2 Collaborations – Analyst Blog
Zacks Market Commentaries (October 7th, 2009) Writes:
Cyberonics, Inc. (CYBX) entered into two collaboration agreements in the field of EEG-based seizure detection technology to bolster its leadership position in epilepsy. The collaborations are with NeuroVista Corporation and the Massachusetts Institute of Technology.
The License Agreement with NeuroVista Corporation entered on Oct 1, 2009 provides Cyberonics with access to a wide range of technology and patents in exchange for payments extending through Apr 2011. Details regarding the payments have not yet been disclosed.
The NeuroVista technology includes an algorithm for seizure detection, a rechargeable battery system, wireless communication, and an implantable lead and will help Cyberonics accelerate its development of an implantable pulse generator. NeuroVista Corporation is an early-stage medical device company pioneering new technologies in the management and treatment of epilepsy, a central nervous system disorder characterized by loss of consciousness and convulsions.
In early 2009, Cyberonics entered into an Exclusive Patent ...
Tags for this Post:
convulsions, Cyberonics, Depression, epilepsy, Investing Lessons, loss of consciousness, Massachusetts, massachusetts institute of technology, medical device company pioneering new technologies, nervous system disorder, NeuroVista Corporation, Seizure, Stocks to Watch, treatment of epilepsy, wireless communication, Zacks Market Commentaries
convulsions, Cyberonics, Depression, epilepsy, Investing Lessons, loss of consciousness, Massachusetts, massachusetts institute of technology, medical device company pioneering new technologies, nervous system disorder, NeuroVista Corporation, Seizure, Stocks to Watch, treatment of epilepsy, wireless communication, Zacks Market Commentaries


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