Tag: ONWARD-Medical

3 articles

Market Moves

Neuracle has sold 13 brain implants at a listed RMB 475,000 each since July

Neuracle Technology (Shanghai) (博睿康), maker of China's first approved invasive brain-computer interface, has sold 13 NEO-ONE SCI implant systems and implanted 8 since its first commercial sale in July 2026, with more than 70 more in firm and intended orders. The system is listed at RMB 475,000 per set on procurement platforms in 27 provinces and is not covered by any basic medical insurance catalogue. Neuracle made the figures public on 29 September 2026 in its answers to the Shanghai Stock Exchange's first round of questions on its STAR Market listing application, 110 days after the application was accepted. First-half 2026 revenue was RMB 46.3 million, almost all from its non-invasive business and none from the implant, with a net loss of RMB 65.5 million. No listing committee meeting has been scheduled. None of the best-known Western developers of implanted BCIs, Neuralink, Synchron, Precision Neuroscience, Paradromics and Blackrock Neurotech, is publicly listed.

Oct 1

Market Moves

ONWARD Medical crosses seven ARC-BCI implants as ARC-EX commercial revenue grows 240 percent in H1

Dutch-Swiss neurotech ONWARD Medical (Euronext ONWD) reported First Half 2026 results on 9 September 2026 with total revenue of EUR 4.2 million (up from EUR 1.2 million H1 2025), ARC-EX external spinal-stimulator commercial revenue up 240 percent to EUR 3.4 million, and cumulative ARC-BCI Therapy participants now at seven, with two additional implants completed in the half. ARC-BCI is ONWARD's flagship platform pairing the CEA/Clinatec WIMAGINE 64-electrode epidural cortical brain-computer interface (exclusive-licensed 15 October 2024) with the ARC-IM implantable spinal cord stimulator. ONWARD is accepted into the FDA Total Product Life Cycle Advisory Program for ARC-BCI. Cash position was EUR 81.5 million at 30 June 2026 following the April 2026 EUR 40.6 million equity raise led by EQT Life Sciences and a new BlackRock debt facility up to EUR 50 million. ARC-EX (FDA De Novo cleared December 2024) is now available in more than 130 US clinics and shipped 159 systems in the half.

Sep 10