Good morning readers,
Today’s breakout alert is NASDAQ:NMTC.
NeuroOne Medical Technologies Corporation (Nasdaq: NMTC) is a medical technology company focused on improving surgical care for patients with neurological disorders. The company has four FDA-cleared products on the market, including the only device of its kind cleared for brain ablation procedures.
Physicians at Mayo Clinic in Jacksonville, Florida recently reported their experience using the OneRF system in 25 patients with drug-resistant epilepsy, describing the procedures as well tolerated with reduced seizure frequency and improved quality of life.
The company is also collaborating with Mayo Clinic on a funded research program targeting pediatric brain cancer using its drug delivery technology.
NMTC currently trades around $2 with a market cap under $20 million, while analyst price targets sit well above the current level. The stock has traded as high as $6.96 in the past year.
This is a company with FDA-cleared products…real clinical adoption…and a price point that’s fallen well off its highs. Keep a close eye on this one today.
Best,
Mike
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