Nexalin Technology shares are trading higher after the company announced results of a clinical study of its Gen-2 tACS device for the treatment of chronic insomnia.
Portfolio Pulse from Benzinga Newsdesk
Nexalin Technology's stock is trading higher following the announcement of positive clinical study results for its Gen-2 tACS device, aimed at treating chronic insomnia.
March 06, 2024 | 6:20 pm
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POSITIVE IMPACT
Nexalin Technology's stock price is experiencing an uptick due to the positive outcome of the clinical study for its Gen-2 tACS device, which targets chronic insomnia treatment.
The positive clinical study results for Nexalin Technology's Gen-2 tACS device directly impact the company's stock as it highlights the potential success and marketability of their product. This kind of news typically generates investor optimism, leading to an increase in stock price in the short term.
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IMPORTANCE 90
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