The Last Word: MyndVR's Chris Brickler and Ted Werth on Why Now Is the Time to Invest in Digital Therapeutics - dallasinnovates.com

MyndVR successful action. [Video still: MyndVR]

Chris Brickler and Ted Werth
Founder & CEO and CFO, respectively 
MyndVR
.…on however present is the clip to put successful integer therapeutics, via Nasdaq.

Dallas-based MyndVR is a starring supplier of virtual world solutions for seniors and “active agers.” Using gaze-based navigation with VR headsets, users tin interact with MyndVr’s immersive C.A.R.E. VRx app, which blends voice-based, guided imagery with 360-degree visuals of forests, lakes, beaches, and more.

Writing successful a Nasdaq post, Brickler and Werth cite the federal Access to Prescription Digital Therapeutics Act of 2022 arsenic a cardinal accidental for investors. 

“Digital therapeutics are a caller people of treatments that often utilize integer content, specified arsenic apps, games, and virtual world experiences to diagnose, treat, and perchance cure immoderate fig of diseases and conditions,” they write. 

They enactment that VR is simply a “very promising avenue” successful integer therapeutics, 1 that’s “actually been utilized arsenic a niche healthcare instrumentality for implicit 20 years, providing harmless vulnerability therapy for radical with phobias, reducing symptom done distraction therapy, and helping veterans with PTSD.”

“The afloat immersive quality of VR efficaciously blocks retired the surrounding environment, allowing a diligent to consciousness arsenic though they are successful a wholly antithetic world. This tin supply amended focus, but tin besides unfastened up a consciousness of wonderment and exploration that makes VR treatments much enjoyable to patients,” they write.

To date, they accidental integer therapeutics opportunities are inactive “relatively nether the radar.”

“The immense bulk are small, backstage companies backed by angel investors and early-stage task superior funds,” Brickler and Werth write. “That’s going to alteration soon, however, arsenic bigger VCs, private equity funds, major security companies, and the $1-plus trillion-dollar traditional pharma industry all get involved. So, support your eyes connected this space, and get acceptable for your doc to springiness you a dose of VR.”

For much connected what’s caller and adjacent successful North Texas, check retired Every Last Word.

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