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Stock impact report

Myomo Reports Accelerating Growth in MyoPro Pipeline and Record Backlog in the First Quarter of 2020, Provides Update on the Business Impact of COVID-19

Myomo Inc. (MYO) 
NASDAQ:AMEX Investor Relations: myomo.com/investor-opportunities
Company Research Source: Business Wire
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Myomo, Inc. (NYSE American: MYO) (“Myomo” or the “Company”), a wearable medical robotics company that offers increased functionality for those suffering from neurological disorders and upper-limb paralysis, today reported its pipeline of MyoPro candidates continued to grow during the first quarter of 2020, with more than 700 candidates awaiting insurance reimbursement authorization as of March 31, 2020. This compares with 594 candidates as of December 31, 2019. In addition, the backlog of authorized units increased from 53 at the beginning of 2020 to 80 units as of March 31, 2020.Paul R. Gudonis, CEO of Myomo, stated, “Our direct-to-patient online marketing activities continued to reach a growing number of paralyzed individuals or their family members during the first quarter, and we were pleased to add a record of more than 300 new candidates into our pipeline, compared with 193 new candidates in the fourth quarter of 2019. With our emphasis on Show less Read more
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