Benzinga | Nov 4, 2021 07:17AM EDT

Helius Medical Technologies, Inc. Receives PoNS Market Authorization In Australia

Helius Medical Technologies, Inc. (NASDAQ:HSDT) (Helius or the Company), a neurotech company focused on neurological wellness, today announced it received market authorization from the Australian Therapeutic Goods Administration (TGA) for the sale of PoNS as a Class IIa medical device. The Company's representative in Australia is working with the TGA to finalize the exact scope of the authorization, which is expected to cover the use of PoNS to improve balance and gait when used as an adjunct to a therapeutic exercise program.

"We are thrilled that we will be able to introduce this groundbreaking therapy for patients in Australia needing to improve their balance and gait," said Dane C. Andreeff, President and Chief Executive Officer of Helius. "This marks the third country in which PoNS is authorized and further validates the effectiveness of our innovative PoNS therapy. We will begin evaluating the pathway toward commercialization in Australia once the scope of the authorization is finalized."