Report
Onward Medical $1m grant to study brain-computer interface platform
Onward announced a $ 1.1m grant from the Christopher & Dana Reeve Foundation to support expansion of an ongoing early clinical feasibility study to explore the use of a brain-computer interface (BCI) to restore thought-driven use of the hands and arms after SCI. This technology has the potential to revolutionise the treatment of SCI, and the grant will enable Onward's research partner to generate data in additional patients, which could provide validation for Onward's approach in this emerging area. For the remainder of 2024, we most look forward to the approval of the ARCEX platform in upper limb function in the US by YE24, and reiterate our € 9.3 TP and BUY rating.
Underlying
ONWARD MEDICAL NV
Provider
KBC Securities
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Jacob Mekhael
Thomas Vranken
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