Implantable BCI company? Not for the faint hearted. It’s ~ 15+ years. Control your burn if early. You can’t spend to accelerate safety.
(Below, “clinical” means fully implantable technology stack and company sponsored trial)
Assumptions based on class 3 PMA stories and looking at market leader histories. Where are my assumptions wrong?
Synchron
8 years preclinical: 2011-2019
6 years so far clinical: 2019-
2028 target approval date for PMA
Neuralink
8 years preclinical: 2016-2024
1 year clinical: 2024-
? target approval date (is it 2032?)
Paradromics
10 years preclinical: 2015-
Not yet clinical
? target approval date (is it 2033?)
Precision
4 years preclinical: 2021-
Not yet clinical
? target approval date (is it 2037?)
Echo
2 years preclinical: 2023-
Not yet clinical
? target approval date (is it 2039?)
BlackRock Neuro
Not sure here - they have a long history of clinical trials but without fully implantable system. Now well funded and kicking off effort to develop a commercial tech stack, so let’s start from Tether funding but presume their preclinical phase is brief…
Preclinical: 2024-
Not yet clinical
? target approval date (is it 2039?)