SeeThruEquity has initiated coverage and a price target of $2.40 on shares of Nexeon MedSystems, Inc.’s (OTCQB: NXNN) stock. The analyst noted that there are several potential upcoming catalysts for Nexeon, such as the company’s capital raise in the form of issuing a $3 million private placement with price protection and 50% warrant coverage. Additionally, the company plans to commence commercial activities in the second quarter of 2018 for its lead product, NNS, a neurostimulation and recording platform for deep brain stimulation (DBS) that has previously received a CE Mark. The development stage medical device company believes NNS has the potential to be a momentous advancement in DBS, with numerous prominent advantages versus existing FDA-approved DBS devices.
For more information, visit www.nexeonmed.com.
About Nexeon Medsystems, Inc.
Nexeon Medsystems, Inc. is a global medical device company focused on providing innovative neurostimulation products that improve the quality of life of patients suffering from debilitating neurological disease. Nexeon has developed and commercialized a neurostimulation system that can be utilized to treat a variety of neurological diseases.
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