Nexalin Technology received a patent allowance for its DIFS technology, targeting opioid and substance use disorders non-invasively.
Quiver AI Summary
Nexalin Technology, Inc. announced that it has received a Notice of Allowance from the United States Patent and Trademark Office for its patent application related to its Deep Intracranial Frequency Stimulation (DIFS™) technology, aimed at treating substance use disorders (SUD), including opioid use disorder. This non-invasive, drug-free method intends to help individuals facing addiction by modulating neural pathways associated with dependence and withdrawal. CEO Mark White highlighted the significance of this development in addressing the global public health crisis of substance use disorders, while CMO David Owens emphasized Nexalin’s commitment to advancing innovative, non-invasive treatment solutions. The patent strengthens Nexalin's intellectual property and its position as a leader in the field of neurostimulation for mental health and addiction treatment.
Potential Positives
- Nexalin Technology has received a Notice of Allowance for a significant patent related to its innovative DIFS™ technology for treating opioid and substance use disorders, enhancing its intellectual property portfolio.
- The DIFS™ technology provides a non-invasive, drug-free approach to treating substance use disorders, potentially improving treatment outcomes for millions affected by these conditions.
- The company is positioned as a leader in advancing non-invasive medical technology, which can redefine treatment standards for neurological and mental health conditions.
- The press release underscores Nexalin's commitment to addressing critical public health issues, aligning the company's goals with societal needs for innovative healthcare solutions.
Potential Negatives
- The press release heavily relies on forward-looking statements, which can create uncertainty about the company's future performance and the actual effectiveness of its DIFS technology.
- Despite the allowed patent, the broader market and competitive landscape for addiction treatments remain challenging, with established treatments posing significant barriers to entry for new technologies.
- Nexalin's claims about the effectiveness and safety of its DIFS technology are not substantiated within the release, potentially raising skepticism among stakeholders regarding its validity.
FAQ
What is Nexalin Technology's recent patent about?
Nexalin's recent patent covers a method for using Deep Intracranial Frequency Stimulation (DIFS) to treat substance use disorders.
How does DIFS technology work?
DIFS technology delivers non-invasive, deep-brain stimulation at dynamic frequencies to modulate neural pathways associated with addiction.
What conditions can Nexalin's technology help treat?
Nexalin's technology aims to support individuals with opioid use disorder, alcohol use disorder, and stimulant addiction.
Why is this patent significant for Nexalin?
This patent reinforces Nexalin's leadership in non-invasive addiction treatment and expands its intellectual property portfolio.
How does Nexalin's approach differ from traditional treatments?
Nexalin's DIFS technology offers a drug-free, non-invasive alternative to traditional medication-assisted treatments for addiction.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NXL Insider Trading Activity
$NXL insiders have traded $NXL stock on the open market 6 times in the past 6 months. Of those trades, 6 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $NXL stock by insiders over the last 6 months:
- DAVID OWENS (Chief Medical Officer) has made 6 purchases buying 7,000 shares for an estimated $18,925 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$NXL Hedge Fund Activity
We have seen 15 institutional investors add shares of $NXL stock to their portfolio, and 13 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- RENAISSANCE TECHNOLOGIES LLC removed 102,900 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $284,004
- VANGUARD GROUP INC added 93,680 shares (+294.8%) to their portfolio in Q4 2024, for an estimated $258,556
- MORGAN STANLEY removed 59,805 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $40,003
- CITADEL ADVISORS LLC removed 58,185 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $160,590
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 42,383 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $116,977
- GEODE CAPITAL MANAGEMENT, LLC added 28,544 shares (+36.3%) to their portfolio in Q4 2024, for an estimated $78,781
- VIRTU FINANCIAL LLC removed 23,447 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $64,713
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
HOUSTON, TX, March 03, 2025 (GLOBE NEWSWIRE) -- Nexalin Technology, Inc. (Nasdaq: NXL; NXLIW) (the “Company” or “Nexalin”) the leader in Deep Intracranial Frequency Stimulation (DIFS™) of the brain, today announced that it has received a Notice of Allowance from the United States Patent and Trademark Office (USPTO) for its patent application titled “Alternating Current Dynamic Frequency Stimulation Method for Opioid Use Disorder (OUD) and Substance Use Disorder (SUD).”
This newly allowed patent covers Nexalin’s proprietary Deep Intracranial Frequency Stimulation (DIFS™) technology, a non-invasive, drug-free approach designed to support individuals struggling with substance use disorder (SUD), including opioid use disorder (OUD), alcohol use disorder (AUD), and stimulant addiction, such as cocaine and methamphetamine use disorders. By delivering deep-brain stimulation at dynamic frequencies, DIFS technology has the potential to modulate neural pathways associated with addiction and withdrawal symptoms, offering a novel treatment pathway for those affected by various forms of substance dependence.
Mark White, CEO of Nexalin Technology, commented, “Receiving this Notice of Allowance from the USPTO is a major step in Nexalin’s ongoing mission to provide innovative, non-invasive solutions for some of the most urgent healthcare challenges. Substance use disorders continue to devastate families and communities worldwide, and we believe our DIFS technology has the potential to play a transformative role in improving treatment outcomes. This patent further expands our intellectual property portfolio and reinforces Nexalin’s position as a leader in advancing groundbreaking medical technology.”
Substance use disorders, including opioid addiction, alcoholism, and stimulant dependence remain significant public health emergencies, affecting millions of individuals worldwide. While medication-assisted treatment (MAT) and behavioral therapy remain standard approaches, they present challenges related to accessibility, reliance on pharmaceuticals, and potential side effects. Nexalin’s DIFS technology offers a drug-free, non-invasive alternative that may help ease withdrawal symptoms and support long-term recovery without the risks associated with traditional treatment options.
David Owens, CMO of Nexalin Technology, stated, “Substance use disorders represent one of the most pressing public health crises of our time. Nexalin is committed to advancing new solutions that address critical unmet medical needs. Our proprietary DIFS technology is designed to deliver precise, deep-brain stimulation without the use of drugs or invasive procedures, representing a potential paradigm shift in addiction treatment. With this newly allowed patent, we are further establishing Nexalin as a leader in pioneering non-invasive treatment solutions for neurological and mental health conditions.”
This latest patent builds upon Nexalin’s expanding intellectual property portfolio, which includes cutting-edge advancements in non-invasive brain stimulation for mental health, addiction, and neurological disorders. As Nexalin continues to develop next-generation solutions, the Company remains committed to providing breakthrough technologies that improve patient outcomes and redefine standards of care in mental health and addiction treatment.
For more information about Nexalin Technology and its innovative medical technology solutions, visit www.nexalin-usa.com .
About Nexalin Technology, Inc.
Nexalin designs and develops innovative neurostimulation products to uniquely help combat the ongoing global mental health epidemic. All of Nexalin’s products are non-invasive and undetectable to the human body and are developed to provide relief to those afflicted with mental health issues. Nexalin utilizes bioelectronic medical technology to treat mental health issues. Nexalin believes its neurostimulation medical devices can penetrate structures deep in the mid-brain that are associated with mental health disorders. Nexalin believes the deeper-penetrating waveform in its next-generation devices will generate enhanced patient response without any adverse side effects. The Nexalin Gen-2 15 milliamp neurostimulation device has been approved in China, Brazil, and Oman. Additional information about the Company is available at: https://nexalin.com/ .
Forward-looking statements
This press release contains statements that constitute “forward-looking statements,” These statements relate to future events or Nexalin’s future financial performance. Any statements that refer to expectations, projections or other characterizations of future events or circumstances or that are not statements of historical fact (including without limitation statements to the effect that Nexalin or its management “believes”, “expects”, “anticipates”, “plans”, “intends” and similar expressions) should be considered forward-looking statements that involve risks and uncertainties which could cause actual events or Nexalin’s actual results to differ materially from those indicated by the forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's Report on Form 10-K for the year ended December 31, 2023, and other filings as filed with the Securities and Exchange Commission. Copies of such filings are available on the SEC’s website, www.sec.gov . Such forward-looking statements are made as of the date hereof and may become outdated over time. Such forward-looking statements are made as of the date hereof and may become outdated over time. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact:
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Tel: (212) 671-1020
Email:
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