Cyberkinetics Loses Energy

3/19/09Follow @wroush

According to a report today in the Boston Globe, Foxborough, MA-based Cyberkinetics Neurotechnology Systems (OTC:CYKN)  is shutting down. In January, it sold the rights to its Andara Oscillating Field Stimulator technology, a device designed to regenerate nerve cells in patients with severe spinal injuries, to Waltham, MA-based NeuroMetrix for $350,000.

The FDA hasn’t yet approved the Andara system, and Cyberkinetics ran out of money while waiting, according to the Globe, which spoke with CEO Tim Surgenor. The status of another Cyberkinetics product—a brain implant called BrainGate that was designed to help paralyzed people control computers and, eventually, their muscles—is unclear. The company reported in an SEC filing last August company that it was ending its involvement in the clinical trial of BrainGate in order to focus on Andara, and was transitioning the trial to a third party.

Cyberkinetics isn’t the only company to shut down recently that was working on technologies that could help spinal-injury patients—Maynard, MA-based Innovative Spinal Technologies collapsed in January.

Wade Roush is a contributing editor at Xconomy. Follow @wroush

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  • Jason Vetter

    In 2005 while incarcerated at the sterling Correctional facility I requested that I be put in for General Surgery for a Testicular Hernia operation.I was then taken to Poudre Hospital, While under anesthesia and being operated on by Dr. Kimball I was Implanted with something similar to what I believe to be Braingate. Upon returning to the Sterling Correctional Facility in Sterling,Co I started to hear Inmates within the Colorado Department of Corections, this was in April 23, 2005 it is now July 23, 2009 and I’m still hearing the same Inmates, however certain inmates of a known hate group known as the 211 crew Have been given what I believe to be micro-phone equiptment to communicate directly from facility to corectional facility, and whom are able to communicate directly to women correctional facilities as an alternative to Conjugal visits.To this Day 211 Crew members and women within the Colorado Department of Corrections have Payed Sexually, women being Former childhood Aquaintances, from Albuquerque New Mexico to the 211 crew to Murder my families and to murder me or get me to kill myself via with whatever was implanted inside my ear canals from their Colorado department of Corrections Cells’.

  • Eva

    nutjob