$10 Million U.S. Army Development Contract for Neural Analytics

Portable point of injury device assesses combat-related traumatic brain injury

A portable, point of injury device for assessing combat-related traumatic brain injury (TBI) has received a boost in the form of a $10 million contract from the U.S. Department of Defense (DoD) to develop and supply the system.

Background

Neural Analytics was founded in 2013 to create products and services to measure, diagnose and track brain health. The company’s current focus is on acute ischemic stroke, TBI and dementia. They combine leading data science with cutting edge hardware to allow first responders and clinicians to accurately assess and monitor brain health issues. Their devices are designed to be portable, autonomous, reliable and produce precise and objective physiological measurements for medical responder monitoring of neural disorders.

Combat-related TBI is a significant and common injury of military conflict. It is often associated with multiple casualty scenarios, further complicating triage and treatment decisions. Indeed, more than 370,000 military service members have sustained TBIs over the last 16 years.

Neural Analytics will partner with the DoD to develop its Lucid System within the next 18 months to measure and monitor physiological parameters relevant to moderate-severe TBI and to operate in prolonged field care scenarios. Battelle, headquartered in Columbus, OH, will provide technical and advanced engineering expertise enabling ruggedization and miniaturization suitable to meet military requirements. The system is expected to operate as a single, portable unit with minimal required training and maintenance.

The contract was awarded by the U.S. Army Medical Research and Materiel Command.

Company comments

“We are honored to continue our partnership with the U.S. Army to further advance point of care injury management of brain health,” said Leo Petrossian, Ph.D., Co-Founder and Chief Executive Officer of Neural Analytics. “We believe our technology will be the first of its kind targeted for a military environment. This work will also significantly impact civilian versions of the technology allowing for further advancement of our Lucid System in the pre-hospital or EMS setting.”

 

Source: Business Wire

published: October 25, 2017 in: Company News, Financial, Neuro

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