Solana Company Q2 FY2022 Earnings Call
· Earnings call transcript and AI-powered summary
Business and Operational Highlights
- First Commercial Sales of PoNS in the U.S.: Marked the first quarter of commercial sales for the PoNS (Portable Neuromodulation Stimulator) device in the U.S., indicated for the short-term treatment of gait deficit due to mild to moderate MS symptoms.
- Growing Market Interest: Over 300 inquiries received for the PoNS device, with active follow-up and conversion efforts underway.
- Therapist Training Improvements: Transitioned from in-person, multi-day training to a self-paced, 3-hour online module, increasing accessibility and enrollment. Over 80 physical therapists are trained or currently registering.
- Upcoming Telehealth Rollout: A comprehensive online platform, including telehealth, e-commerce, and an online pharmacy, is set to launch later this year, aiming to streamline access and prescription fulfillment in all 50 U.S. states.
- List Pricing and Patient Access: U.S. list price of PoNS is $25,700 (controller: $17,800; mouthpiece: $7,900). The Patient Therapy Access Program allows patients access at a reduced cost through December 31, 2022.
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