NeuroMetrix (NURO) Updates on Quell Availability Through VHA; Says Registration Process Complete

September 20, 2016 7:04 AM EDT
Get Alerts NURO Hot Sheet
Trade NURO Now!
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.

NeuroMetrix, Inc. (Nasdaq: NURO) reported on multiple efforts to increase the availability of Quell Wearable Pain Relief Technology to veterans who suffer from chronic pain through the Veterans Health Administration.

The Company has successfully completed its registration process in the U.S. federal government's System for Award Management (SAM), a requirement for selling products to any federal government entity including the Veterans Health Administration.

NeuroMetrix is also partnering with Marathon Medical Corporation, a Service Disabled Veterans Owned Small Business (SDVOSB) and medical supply distribution company, to provide Quell to veterans through the Veterans Health Administration.

“While our core strategy is to offer Quell directly to consumers, we are also committed to identifying distribution channels that expand the number of people who have access to the technology,” said Shai Gozani, M.D., Ph.D., President and CEO of Neurometrix. “Since participating in a VA Health Summit in May 2016, we’ve been aware of the VA’s commitment to identifying alternative approaches to pain management. We are hopeful that relationships with Marathon Medical as well as individual VA facilities will increase opportunities for veterans to try Quell for pain relief.”

“We are always looking to add innovative products to our offering,” said John St. Leger, President and CEO of Marathon Medical Corporation. “We will utilize our expertise in delivering medical supplies into the VA to expand access to Quell for veterans.”

Quell can provide widespread relief from chronic pain for veterans like Gerard DeWind, who is excited to be among the first veterans to access Quell through his local VA hospital. “I have chronic pain including arthritis in my right ankle. I was attracted to Quell for its potential to help me sleep better and give me a better quality of life.”

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Management Comments

Add Your Comment