[Biotech&Pharma] What's Behind Nanocap Biotech Myomo's 400% Rally In 2 Days?

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Myomo Inc (NYSE: MYO) shares ran wild Tuesday and the momentum continued in Wednesday's session. 

German Insurance Coverage Secured

Myomo, a wearable medical robotics company that offers expanded mobility for those suffering from neurological disorders and upper limb paralysis, said late Monday the Statutory Health Insurance in Germany has approved MyoPro for patients on a case-by-case basis.

MyoPro is a powered upper limb orthosis that supports the arm and restores function to the weakened or paralyzed arms of patients suffering neuromuscular disease or injury.

Myomo said Barmer, a major German health insurer, is covering the cost of MyoPro provided through certified orthodontics and prosthetics clinics in Germany.

For the third quarter ended Sept. 30, the company reported nearly …

Full story available on Benzinga.com

Source Benzinga

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