Myomo’s robotic arm brace business hinges on whether more people can actually get approved through Medicare, even as insurers tighten the rules and slow down deliveries. New sales channels and product upgrades could help, but rising costs and added debt mean the company may need a lot to go right before profits show up.Read more
Catalysts About Myomo Myomo develops and commercializes the MyoPro myoelectric arm brace to help individuals with upper limb paralysis regain arm and hand function. What are the underlying business or industry changes driving this perspective?Read more
Catalysts About Myomo Myomo develops and sells the MyoPro, a powered arm brace designed to help patients with upper limb paralysis regain arm and hand function. What are the underlying business or industry changes driving this perspective?Read more
Myomo, Inc., a wearable medical robotics company, designs, develops, and produces myoelectric orthotics for people with neuromuscular disorders in the United States, Germany, and internationally. The company offers MyoPro, a myoelectric-controlled upper limb brace or orthosis product used for supporting a patient’s weak or paralyzed arm to enable and improve functional activities of daily living. It also provides MyoPro 2 that includes control technology, configuration software and user interface, and pop-out battery for extended use of the brace; MyoPro2+, which comprises 3D printed orthotics capability, software enhancements, and a design for donning and doffing of the device; MyoGames, a virtual training platform; and MyoPro 2x Video Library. In addition, the company offers MyoCare, a post-delivery program that provides follow-up care with clients, therapists, and referral sources; MYOMO; MyoPal; and MyoCoach. Its products are designed to help adults and adolescents with neuromuscular conditions due to brachial plexus injury, stroke, traumatic brain injury, spinal cord injury, and other neurological disorders. The company sells its products through various sales channels, including orthotics and prosthetics providers, veteran’s administration, and distributors. Myomo, Inc. was incorporated in 2004 and is headquartered in Burlington, Massachusetts.
