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NURO

NeuroMetrix

$1.53

-0.01 (-0.65%)

07:02
10/05/16
10/05
07:02
10/05/16
07:02

NeuroMetrix to sponsor study assessing impact of Quell on chronic low back pain

NeuroMetrix announced a clinical study of Quell Wearable Pain Relief Technology in patients with chronic low back pain at the Brigham and Women's Hospital Pain Management Center. This study is a 3-month single site, controlled, randomized clinical trial. The study will enroll 60 adult patients with a primary complaint of chronic low back pain. The subjects will be randomized to treatment with the Quell device or "treatment-as-usual." Subjects in both arms will use a smartphone app developed by the Pain Management Center that helps patients document and manage their pain. Study outcome measures include validated measures of pain, coping, level of disability, mood, healthcare utilization, and overall satisfaction. All subjects will be given Quantitative Sensory Testing at baseline. The study will also examine the potential benefits of Quell as a digital health intervention. The device integrates with a smartphone app that includes objective feedback to the subject about their therapy utilization and sleep.

NURO NeuroMetrix
$1.53

-0.01 (-0.65%)

06/28/16
RODM
06/28/16
INITIATION
Target $4.5
RODM
Buy
NeuroMetrix initiated with a Buy at Rodman & Renshaw
Rodman & Renshaw analyst Raghuram Selvaraju started NeuroMetrix with a Buy rating and $4.50 price target. The company's Quell platform is differentiated from competitors in that it is a drug-free, non-invasive and wearable neuro-stimulation device that can provide systemic and effective pain relief, Selvaraju tells investors in a research note.
06/28/16
06/28/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on the today's top five analyst initiations with this list compiled by The Fly: 1. Cigna (CI) initiated with a Buy at Stifel by analyst Thomas Carroll, who has a $169 price target on the stock. The analyst said CEO David Cordani has made significant strides in positioning Cigna for a post-Affordable Care Act world and expects the company to continue adding strategic components that improve its competitive position, either as a stand-alone organization or as a component of Anthem (ANTM). 2. Ultragenyx (RARE) initiated with a Buy at BofA/Merrill with a $72 price target. The firm said Ultragenyx is positioning itself for long-term growth and has 4 late-stage clinical assets to treat orphan diseases that could generate $1.2B in revenue. 3. Brown & Brown (BRO) initiated with an Underweight at JPMorgan by analyst Sarah DeWitt, who put a $32 price target on the stock. With most of the company's brokerage revenue commission-based, it is highly sensitive to softening Property & Casualty pricing, DeWitt said. 4. NeuroMetrix (NURO) initiated with a Buy at Rodman & Renshaw by analyst Raghuram Selvaraju, who has a $4.50 price target on the stock. The company's Quell platform is differentiated from competitors in that it is a drug-free, non-invasive and wearable neuro-stimulation device that can provide systemic and effective pain relief, Selvaraju said. 5. Acadia Realty Trust (AKR) initiated with an Outperform at Boenning & Scattergood by analyst Floris van Dijkum with an Outperform and $38 price target saying the Street does not appreciate the strong rent reversionary potential of its street retail portfolio that warrants a much lower cap rate of 3.35%. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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