Daily Newsletter

10 August 2023

Daily Newsletter

10 August 2023

Theranica’s migraine therapy receives expanded CE mark approval

Since 2020, Nerivio has been available by prescription in the US.

RanjithKumar Dharma August 10 2023

Theranica has secured extended CE mark approval for Nerivio as a dual-use therapy for acute and preventive migraine treatment for adolescents and adults.

The self-administered therapy is controlled through a smartphone app. Nerivio wraps around the upper arm and employs sub-painful remote electrical neuromodulation (REN) for activating nociceptive nerve fibres in the arm.

This stimulation prompts the transmission of signals that initiate a descending pain management mechanism known as conditioned pain modulation (CPM) within the brain to stop migraine pain and its related symptoms.

Each treatment lasts 45 minutes and is given every alternate day for prevention, or when a migraine attack begins for acute treatment.

Since 2020, Nerivio has been available by prescription in the US. It was initially used for acute treatment and available as a preventive treatment since April this year.

Theranica CEO and co-founder Alon Ironi said: “We have been waiting for the prevention indication approval, and with that are now preparing for making Nerivio available for people with migraines in Europe starting 2024.

“Our focus is to empower underserved populations, particularly adolescents, to safely and effectively prevent and treat migraines, and be fully present in everyday life.”

Migraine affects more than one billion individuals globally, with a prevalence exceeding one in every ten people in Europe.

Theranica, a prescribed digital therapeutics company, is focused on expanding its advanced technology to develop solutions for additional idiopathic pain conditions.

Healthcare companies are hesitant to invest in the metaverse

The COVID-19 pandemic pushed the healthcare industry to rapid digitalization. Increased use of telehealth, telepresence systems, remote diagnostics, predictive AI, and wearable technology is changing how healthcare is delivered and improving patient outcomes. Emerging technologies such as AR and VR are becoming increasingly routine for professional training, surgical assistance, and treatment of psychological and neurological disorders. In the pharma and medical devices industries, AR, VR, and AI are rapidly accelerating drug discovery and manufacturing and generating supply chain efficiencies. New digital opportunities will look to build upon disruptive technologies. However, affordability is a limiting factor to widespread adoption. Per GlobalData estimates, the metaverse market is expected to grow at a CAGR of more than 33% between 2023 and 2030. Although metaverse technologies could reinvent healthcare approaches and bring new experiences to healthcare providers and patients, adoption is still at an early stage. There are currently few use cases in the healthcare industry. The metaverse needs to overcome major challenges for healthcare, including regulation and data privacy concerns. Evidence of proven use cases and participation by a critical mass of users are imperative to drive a shift in metaverse investment.

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