Solana Company Q4 FY2022 Earnings Call
· Earnings call transcript and AI-powered summary
Key Highlights
- Product Focus: Continued emphasis on U.S. and Canadian commercialization of the Portable Neuromodulation Stimulator (PoNS) device, used to treat gait and balance deficits in patients with multiple sclerosis (MS), traumatic brain injury (TBI), and, newly in Canada, stroke.
- Regulatory Progress: Health Canada approved PoNS for stroke-related gait deficits. In the U.S., the device has FDA breakthrough designations for both MS and stroke.
- Training and Accessibility:
- Online training module for physical therapists has replaced longer, in-person courses—training now possible in under 3 hours.
- New partnership with telehealth leader UpScript enables remote prescription/evaluation and home delivery via ponstherapy.com.
- Discounted Access Program: The Patient Therapy Access Program (PTAP)—offering devices at an 85% discount ($3,895 vs. list price $14,500)—has been extended through June 2023.
- Clinical and Real-World Data Initiatives:
- PoNSTEP observational trial added new academic partners for real-world usage data.
- Registry and real-world evidence collection ongoing for future reimbursement initiatives.
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