Solana Company Q3 FY2021 Earnings Call
· Earnings call transcript and AI-powered summary
- Commercial Launch of PoNS: Helius confirmed plans to commercialize PoNS therapy in the U.S. in Q1 2022 for gait deficit due to mild-to-moderate symptoms of multiple sclerosis (MS). PoNS is the only device of its kind approved in the U.S. for this indication.
- Therapeutic Experience Program (TEP): A new observational study starting with NYU Langone Health and eventually expanding to 10–12 centers. The goal is to assess adherence to PoNS therapy and support early commercial adoption.
- Australian Market Entry: The company received market authorization from the Australian Therapeutic Goods Administration (TGA) to sell PoNS as a Class IIa medical device, allowing a broad use for balance and gait improvement under healthcare supervision.
- FDA Breakthrough Designation: PoNS received a second breakthrough designation from the FDA, now also for treatment of dynamic gait imbalance following a stroke—broadening future market opportunities. A pivotal stroke trial is planned for Q2 2022 with potential launch in H1 2024.
- Canadian Market Update: There are 36 PoNS-authorized clinics in Canada treating gait deficits linked to MS and traumatic brain injury. Recovery from COVID restrictions is underway, supporting commercial activity.
Financial Highlights (Q3 2021 vs Q3 2020)
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