NeuroPace Announces Strategic Collaboration That Will Leverage RNS System's Biomarker Monitoring And Data Analysis Capabilities; Anticipates Total Revenue From This Collaboration To Be $3.7M
Portfolio Pulse from Benzinga Newsdesk
NeuroPace has entered into a strategic collaboration to provide biomarker monitoring and data analysis capabilities using its RNS System. A clinical-stage biotechnology company will pay NeuroPace up to $3.7 million over two years for non-exclusive access to these services for its clinical trial patients.
December 04, 2023 | 10:09 pm
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NeuroPace is set to receive up to $3.7 million over two years from a strategic collaboration leveraging its RNS System for biomarker monitoring and data analysis in clinical trials.
The announcement of a $3.7 million revenue-generating collaboration is significant for NeuroPace. This partnership not only provides a direct financial benefit but also validates the company's RNS System's capabilities in a clinical setting, which could lead to further adoption and partnerships. The financial impact is quantifiable and the strategic nature of the collaboration suggests a positive outlook for the company's technology and future revenue potential.
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