Myomo (NYSE MKT: MYO) is in its second week of trading on the NYSE, with shares moving in a range of $6.76-$23.19 thus far. The medical robotics company completed its crowdsourced initial public offering (IPO) on June 9, raising $5 million through the sale of 665,498 shares of its common stock, and, on June 16, it concluded its first week of trading by ringing the closing bell at the New York Stock Exchange in New York City. Myomo made history as the first Jumpstart Our Business Startups (JOBS) Act Regulation A+ issuer to trade on the NYSE MKT.
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Myomo, Inc. is a commercial stage medical robotics company that offers expanded mobility for those suffering from neurological disorders and upper limb paralysis. Based on patented technology developed at MIT and the Company, Myomo develops and markets the MyoPro® product line of lightweight, non-invasive, powered arm braces to restore function in the paralyzed or weakened arms and hands of individuals that have suffered a stroke, spinal cord or nerve injury such as brachial plexus injury, or other neuromuscular disability such as amyotrophic lateral sclerosis (ALS) or multiple sclerosis (microsoft). It is provided through clinical relationships with VA medical centers, leading rehabilitation hospitals, and Orthotics and Prosthetics (“O&P”) practices. Several hundred have been successfully used by patients. It is the only device that, sensing a patient’s own neurological signals through non-invasive sensors on the arm, can restore their ability to use their arms and hands so that they can return to work, live independently and reduce their cost of care. Myomo is headquartered in Cambridge, Massachusetts, with sales and clinical professionals across the U.S. For more information, please visit www.myomo.com.
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