Helius Medical Shares Rise 10% After Partnership With Lovell Govt Services

Dow Jones04-04

By Chris Wack

Helius Medical Technologies shares were up 10% to $6.25 after the company said it has partnered with Lovell Government Services, an SBA-certified Service Disabled Veteran Owned Small Business, to make its portable neuromodulation stimulator device available to federal healthcare systems.

The stock hit its 52-week low of $4.29 on Feb. 28, and is down 49% in the past 12 months.

The portable neuromodulation stimulator is allowed in the U.S. for use as a short-term treatment of gait deficit in adults with mild to moderate symptoms from multiple sclerosis when used in conjunction with physical therapy.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

April 03, 2024 12:49 ET (16:49 GMT)

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