After the company’s CEO participated in a notable interview, shares of Nexalin Technology, Inc. (NASDAQ: NXL) experienced a continued surge in the US stock market. During the extended trading session, NXL stock soared by 50.00% to $1.56, building on the regular-session rally that saw an increase of 37.77%, closing at $1.04.
CEO’s Insight On Innovative Technology
The interview with Nexalin, featured on the RedChip Small Stocks, Big Money show, aired last Saturday. Mark White, CEO of Nexalin, gave a company update in this exclusive interview on Bloomberg TV. Nexalin is leading the way in the revolutionary treatment of mental health issues with to its cutting-edge, non-invasive neurostimulation technology.
By concentrating on deep brain stimulation, Nexalin’s devices, especially the state-of-the-art Gen-3 HALO Clarity, present a revolutionary alternative to conventional pharmacological treatments. This technology has demonstrated clinically significant improvements in treating conditions such as insomnia, PTSD, and traumatic brain injuries—afflictions that impact millions yet have limited effective treatments—positioning Nexalin as a burgeoning leader in a market projected to reach $537 billion by 2030.
Expansion Into New Markets
The Brazilian Health Regulatory Agency, the government organization in charge of approving new medications and medical devices in Brazil, has granted regulatory clearance to Nexalin’s second-generation (Gen-2), 15 milliampere (mA) neurostimulation device.
Two regulatory licenses have been granted to Nexalin outside of China since the beginning of the year; the second being for the commercialization of its Gen-2 neurostimulation device in Brazil. With more than 215 million people living there and the ninth-largest economy in the world, Brazil is a significant market.
Over 35 million people in this group have mental health issues. This approval serves as a crucial entry point into other South American markets. Nexalin is actively progressing in discussions with a key distributor in this region and anticipates providing further updates soon.
