DALLAS, TEXAS : StockGuru announces that Zynex Inc. (OTCBB: ZYXI) is in the StockGuru Spotlight. Zynex, Inc. engineers, manufactures, markets and sells its own design of medical devices in three subsidiaries. Zynex Medical is a provider of electrotherapy products for home use, Zynex Monitoring Solutions develops products for cardiac monitoring for use in hospitals and Zynex NeuroDiagnostic develops devices for EMG and EEG diagnostic purposes in the neurology clinic markets. Zynex Medical’s product line is fully developed, FDA-cleared, commercially sold, and has been developed to uphold the Company’s mission of improving the quality of life for patients suffering from impaired mobility due to stroke, spinal cord injury, or debilitating and chronic pain.
On Tuesday, the company put out news announcingthat it signed an agreement with OmniaVincit, LLC to conduct the first clinical evaluation for its blood volume monitor medical device, being developed by its Zynex Monitoring Solutions, Inc. subsidiary. Zynex’s CEO, Thomas Sandgaard, commented; “We are very excited about the development and prototyping of our cardiac monitor for blood volume. We are starting the next phase of collecting data to further validate the algorithm used to non-invasively determine changes in central blood volume. We expect to use the data for defining further clinical studies, as well as to provide substantiation for FDA submission and international regulatory clearance.”
Shares for Zynex Inc. were up during the afternoon of trading on Tuesday and closed up seven cents at closing.
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