Nexalin Technology Awarded Key Patent Related To Gen-3 HALO Clarity
Portfolio Pulse from Benzinga Newsdesk
Nexalin Technology has been awarded a key patent for its Gen-3 HALO Clarity, a noninvasive brain stimulation technology for treating insomnia, depression, and anxiety. This technology allows for home treatment with remote physician monitoring. The patents, critical to Nexalin's strategy, extend through 2040.
April 04, 2024 | 5:12 pm
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Nexalin Technology's recent patent award for Gen-3 HALO Clarity positions the company as a leader in noninvasive brain stimulation technology, with potential for significant market impact in treating insomnia, depression, and anxiety.
The award of a key patent for Nexalin Technology's Gen-3 HALO Clarity is a significant milestone, indicating a strong competitive edge in the mental health treatment market. The ability to offer noninvasive treatment from home, supported by patents extending through 2040, not only enhances Nexalin's product offering but also potentially increases its market share and revenue in the long term. This development is likely to be viewed positively by investors, leading to a potential short-term uptick in NXL's stock price.
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