BOSTON--(BUSINESS WIRE)--Myomo, Inc. (NYSE American: MYO) (“Myomo” oregon the “Company”), a wearable aesculapian robotics institution that offers accrued functionality for those suffering from neurological disorders and upper-limb paralysis, contiguous announced that successful an entreaty earlier the Berlin-Brandenburg Regional Social Court (L 9 KR 210/21), the tribunal confirmed that the MyoPro powered whole-arm orthosis is an orthopedic assistance that serves to straight compensate for disabilities. As a effect of this ruling, the third-largest German wellness security company, DAK, has been ordered to screen the costs for the MyoPro for the plaintiff.
The ailment was filed by a 33-year-old antheral who applied to the DAK for a myoelectric orthosis pursuing a centrifugal conveyance accident. The MyoPro helps compensate for the regulation and reconstruct the scope of question of patients who endure a nonaccomplishment of relation of the manus and limb aft a changeable oregon neuromuscular damage, arsenic good arsenic spinal cord and nervus injuries.
"With this ruling, a tribunal has confirmed that the MyoPro is simply a instrumentality that tin assistance patients who endure from precocious extremity impairment and should beryllium covered by statutory wellness insurance. We expect this ruling volition marque it easier for patients similar the plaintiff to get a MyoPro,” said John Frijters, Managing Director of Myomo Europe GmbH. “Because of the MyoPro, which detects adjacent anemic contractions of the musculus fibers done non-invasive sensors located wrong the device, functions specified arsenic grasping, holding and opening the hand, arsenic good arsenic bending, lifting and stretching the elbow are made possible.”
The patented MyoPro exertion was developed by Myomo successful collaboration with researchers astatine the Massachusetts Institute of Technology and Harvard Medical School. The plaintiff successful this case, identified arsenic Konrad T., stated, "Since my paralysis, I person been waiting to beryllium capable to determination and usage my manus and limb again." Counsel for the plaintiff, Torsten Bornemann of Goßens Rechtsanwälte, added, “It is our anticipation that arsenic a effect of this ruling, galore affected Germans volition present person easier entree to this orthopedic aid."
For much information, delight sojourn www.myomo.de oregon www.myomo.com.
About Myomo, Inc.
Myomo, Inc. is simply a wearable aesculapian robotics institution that offers improved limb and manus relation for those suffering from neurological disorders and precocious limb paralysis. Myomo develops and markets the MyoPro merchandise line. MyoPro is simply a powered precocious limb orthosis designed to enactment the limb and reconstruct relation to the weakened oregon paralyzed arms of patients suffering from CVA stroke, brachial plexus injury, traumatic encephalon oregon spinal cord injury, ALS oregon different neuromuscular illness oregon injury. It is presently the lone marketed instrumentality that, sensing a patient’s ain EMG signals done non-invasive sensors connected the arm, tin reconstruct an individual’s quality to execute activities of regular living, including feeding themselves, carrying objects and doing household tasks. Many are capable to instrumentality to work, unrecorded independently and trim their outgo of care. Myomo is headquartered successful Boston, Massachusetts, with income and objective professionals crossed the U.S. and Germany, and different representatives internationally. For much information, delight sojourn www.myomo.com.
Forward-Looking Statements
This property merchandise contains forward-looking statements regarding the Company’s aboriginal concern expectations, including the interaction of the ruling by the Social Court connected reimbursement for the MyoPro successful Germany, which is taxable to the harmless harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are lone predictions and whitethorn disagree materially from existent results owed to a assortment of factors.
These factors include, among different things:
- the nonstop and indirect interaction of the caller coronavirus (COVID-19) connected our concern and operations, including fabrication and delivery, sales, diligent consultations, proviso chain, manufacturing, security reimbursements and employees;
- our quality to proceed mean operations and diligent interactions successful bid to cast, present and acceptable our custom-fabricated device;
- our selling and commercialization efforts;
- our quality to execute reimbursement from third-party payers for our products;
- our dependence upon outer sources for the financing of our operations, to the grade that we bash not execute oregon support currency travel breakeven;
- our quality to efficaciously execute our concern program and standard up our operations;
- our expectations arsenic to our merchandise improvement programs, and;
- general market, economic, biology and societal factors that whitethorn impact the evaluation, fitting, transportation and merchantability of our products to patients.
More accusation astir these and different factors that perchance could impact our fiscal results is included successful Myomo’s filings with the Securities and Exchange Commission, including those contained successful the hazard factors conception of the Company’s yearly study connected Form 10-K, quarterly reports connected Form 10-Q and different filings with the Commission. The Company cautions readers not to spot undue reliance connected immoderate specified forward-looking statements, which talk lone arsenic of the day made. Although the forward-looking statements successful this merchandise of fiscal accusation are based connected our beliefs, assumptions and expectations, taking into relationship each accusation presently disposable to us, we cannot warrant aboriginal transactions, results, performance, achievements oregon outcomes. No assurance tin beryllium made to immoderate capitalist by anyone that the expectations reflected successful our forward-looking statements volition beryllium attained, oregon that deviations from them volition not beryllium worldly and adverse. The Company disclaims immoderate work subsequently to revise immoderate forward-looking statements to bespeak events oregon circumstances aft the day of specified statements oregon to bespeak the occurrence of anticipated oregon unanticipated events.
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