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 official
Paradromics' system will initially serve as an assistive communication device that can turn brain signals into outputs like text or synthesized speech. This means patients with severe paralysis could eventually use it to regain their ability to communicate.BCIs have been studied in academia for decades, and several other companies, including Elon Musk's Neuralink, have been developing their own systems.
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