12th Jun 2014 13:06
LONDON (Alliance News) - Electrical Geodesics Inc said Thursday that it had signed a distribution agreement with Soterix Medical Inc to market and distribute its products for transcranial stimulation and transcutaneous spinal stimulation.
The products are used in the study of brain activity for the treatment of depression, attention disorders, chronic pain and brain injury rehabilitation.
Under the deal, it will begin distribution in the US and Canada in September.
"The addition of the Soterix Medical technologies to our product portfolio underlines Electrical Geodesics' commitment to demonstrating the utility of neuromodulation in understanding neurological conditions and the improvement of patient health," said Chief Executive Don Tucker in a statement.
No financial details were disclosed.
Shares in Electrical Geodesics were trading down 1.8% at 138.00 pence Thursday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
EGI.L