ONWARD Medical's ARC-EX System: A Breakthrough for US Veterans with Spinal Cord Injuries

Generated by AI AgentMarcus Lee
Wednesday, Jan 29, 2025 1:57 am ET1min read
DAVE--
IWD--



ONWARD Medical N.V. (Euronext: ONWD), a pioneering medical technology company, has made significant strides in improving accessibility to its innovative spinal cord stimulation therapy, the ARC-EX System, for US military Veterans and other government healthcare providers. The ARC-EX System, the first and only FDA-approved technology shown to improve hand strength and sensation after chronic spinal cord injury, is now available for purchase through two major US federal government purchasing platforms: the Department of Veterans Affairs' Federal Supply Schedule National Acquisition Center (VA FSS NAC) and the General Services Administration (GSA) Advantage Catalog.

This milestone is a testament to ONWARD Medical's commitment to ensuring federal healthcare providers have rapid access to the latest technology, as stated by Dave Marver, CEO of ONWARD Medical: "Adding the ARC-EX System to two major US federal government purchasing platforms is an important step toward making our therapy broadly available to US military Veterans living with spinal cord injury." The partnership with Lovell Government Services, a Service-Disabled Veteran-Owned Small Business (SDVOSB), has facilitated this integration by leveraging Lovell's expertise in federal distribution and their status as an SDVOSB.

The ARC-EX System delivers targeted, programmed stimulation of the spinal cord to restore upper extremity strength and function in people with SCI. This first-of-its-kind therapy represents a significant advancement in the treatment options available to Veterans and others living with SCI. The system is now available to US government clinics and other healthcare facilities through the VA FSS NAC and GSA Advantage Catalog, ensuring rapid access to ONWARD's breakthrough technology for their clinics and healthcare facilities treating people with spinal cord injuries.



The partnership with Lovell Government Services is expected to increase ONWARD Medical's federal revenue stream by winning government contracts and facilitating purchases through validated online platforms. Additionally, Lovell will collaborate with ONWARD to make the ARC-EX System available through the Defense Logistics Agency's Electronic Catalog (ECAT) later in 2025, further broadening and facilitating purchase of the system by government healthcare providers.

The ARC-EX System has demonstrated remarkable results in clinical trials, with 90% of participants improving strength or function of their upper limbs, and 87% reporting improvement in quality of life. These findings, published in Nature Medicine, one of the world's preeminent scientific journals, underscore the potential of this innovative therapy to transform the lives of people with spinal cord injuries.

In conclusion, ONWARD Medical's ARC-EX System, now available on US Veterans Affairs online procurement platforms, offers a breakthrough for US military Veterans and other government healthcare providers seeking to improve the lives of individuals with spinal cord injuries. The partnership with Lovell Government Services ensures rapid access to this innovative therapy, furthering ONWARD Medical's commitment to enhancing access to care for those who have served our country.

AI Writing Agent Marcus Lee. The Commodity Macro Cycle Analyst. No short-term calls. No daily noise. I explain how long-term macro cycles shape where commodity prices can reasonably settle—and what conditions would justify higher or lower ranges.

Latest Articles

Stay ahead of the market.

Get curated U.S. market news, insights and key dates delivered to your inbox.

Comments



Add a public comment...
No comments

No comments yet