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BrainScope Adds To Series B Financing Round

BETHESDA, MD, Brain diagnostics innovator BrainScope announced today a new investment from the Alzheimer's Drug Discovery Foundation (ADDF) in BrainScope's current Series B equity financing round.
This investment supports the ongoing development of a new Artificial Intelligence / Machine Learning derived brain-activity based biomarker to predict future onset of Alzheimer's. The company is also evaluating whether its trauma related, FDA-cleared brain bleed biomarker might be effective in detecting ARIAs, a serious side effect of the newly FDA approved Alzheimer's drugs, so that patients might avoid the expensive and time-consuming multiple MRI scans that are currently recommended.

BrainScope is a medical neurotechnology company that is improving brain health by providing objective, diagnostic insights that enable better patient care. BrainScope is leading the way in the rapid and objective assessment of brain injury and disease, starting with mild traumatic brain injury (mTBI). The commercially available, FDA-cleared, non-invasive handheld device with integrated brain activity biomarkers helps clinicians quickly and confidently rule out the need for a head CT scan in patients with suspected mTBI while at the same time objectively assessing concussion in 15 minutes or less - demonstrated to save time, reduce radiation, improve patient throughput, and empower clinicians to provide patients the answers they are seeking.
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