Israeli Back Pain Device Company Gets $3.5M Investment, Plans Ohio Move

Nervomatrix, an Israeli pain-relief neurostimulation device company, received a $3.5 million investment and plans to create its North American headquarters in Akron, Ohio, according to a MedCity News report.

The investment comes from an Akron-based investment firm, and the company has received 510(k) approval from the FDA to begin marketing its back-pain device. The device identifies pain points in the back by looking at electrical activity.

It also delivers electrical stimulation on the patient's skin close to the identified pain points.

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