Intraday Alerts

Nexalin Technology Gains On Announcing Positive Clinical Study Data In Major Depressive Disorder

Nexalin Technology, Inc. (NXL), Wednesday announced positive clinical study data regarding feasibility, safety, and efficacy of transcranial alternating current dynamic frequency stimulation as an add-on treatment for patients with major depressive disorder, commonly known as clinical depression.

The study, published in Brain Stimulation, involved 66 participants, who received 20 sessions of either the company's non-invasive Deep Intracranial Frequency Stimulation technology in combination with escitalopram or Lexapro, or sham stimulation, for 40 minutes.

At the end of four weeks, two-thirds of participants who received the combination therapy showed improvement compared to one-third of patients who received medication only, the company stated.

Currently, Nexalin's stock is moving up 8.81 percent, to $2.46 on the Nasdaq.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

More Intraday Alerts