Brain implant company Paradromics is preparing for human trials, while President Biden’s poor debate performance affected health-care stocks.
The brain implant startup Paradromics is taking steps to prepare for its first in-human trial next year, and the company announced on Monday that it has launched its officialFounded in 2015, Paradromics is building a brain-computer interface, or a BCI, called the Connexus Direct Data Interface. A BCI is a system that deciphers brain signals and translates them into commands for external technologies.
BCIs have been studied in academia for decades, and several other companies, including Elon Musk's Neuralink, have been developing their own systems. The companies' designs and ambitions all vary, but the industry has heated up in recent years thanks to investment from prominent backers like Musk, Microsoft co-founderParadromics' BCI is designed to be inserted directly into the brain tissue, which means patients who want the implant will have to undergo major surgery.
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