NEWTOWN, PENNSYLVANIA--(Marketwired - Nov. 21, 2016) - Helius Medical Technologies, Inc. (TSX:HSM)(OTCQB:HSDT) ("Helius" or the "Company") announced that NeuroHabilitation Corporation ("NHC"), a division of Helius, successfully executed an amendment to the sole source cost sharing contract entered into with the U.S. Army Medical Research and Materiel Command (USAMRMC). The contract is extended to December 31, 2017 and allows Helius to include additional study sites for the clinical trial investigating the safety and effectiveness of the Portable Neuromodulation Stimulator (PoNS™) for the treatment of chronic balance deficits in subjects with mild to moderate traumatic brain injury (mTBI).
"Extending this contract reflects a continued commitment from the USAMRMC, and Helius, to address the large unmet clinical need represented by both civilian and military patients that suffer chronic symptoms of traumatic brain injury," said Helius CEO, Phil Deschamps.
About the PoNS™
The Portable Neuromodulation Stimulator (PoNS) device is an investigational medical device being studied for the treatment of neurological symptoms caused by disease or trauma. The PoNS is currently being studied in the United States and Canada for the treatment of chronic balance deficits in subjects with mTBI.
The PoNS device is a non-invasive means for delivering neurostimulation through the tongue. Researchers believe that use of the tongue as a gateway to the brain may be one of the most natural, non-invasive and direct ways to stimulate the brain. The tongue is anatomically unique, being richly innervated by thousands of nerve fibers and interconnected to the brainstem by two major cranial nerves.
About Helius Medical Technologies (HMT)
Helius Medical Technologies is a medical technology company focused on neurological wellness. HMT seeks to develop, license and acquire unique and non-invasive platform technologies that amplify the brain's ability to heal itself. HMT intends to file for U.S. Food and Drug Administration clearance for the PoNS™ device. For more information, please visit www.heliusmedical.com.
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