New NIH Award will Initially Provide NeuroOne Approximately $200,000 through April 2027
EDEN PRAIRIE, Minn., Oct. 08, 2026 (GLOBE NEWSWIRE) -- NeuroOne Medical Technologies Corporation (Nasdaq: NMTC) ("NeuroOne" or the "Company"), a medical technology company dedicated to transforming the surgical diagnosis and treatment of neurological disorders, today announced it has entered into a research and development subaward agreement with Dartmouth to support the advancement of next-generation neurotransmitter sensing technology.
Researchers at Dartmouth College, led by Associate Professor of Engineering Hui Fang, have received a National Institutes of Health (NIH) grant of approximately $1 million for the first year, with additional funding expected during the following two years. The grant is titled "Translating Novel Carbon Coating Towards Integrated Sub-Second Neurotransmitter Sensors in Humans," which is funded by the National Institute of Neurological Disorders and Stroke (NINDS) through the NIH BRAIN Initiative. NeuroOne will receive approximately $200,000 through April 30, 2027, with additional funds expected during the following two years.
The collaborative effort brings together expertise from Dartmouth, the VA Medical Center, Beth Israel Deaconess Medical Center, and NeuroOne to translate recent advances in neurochemical sensing toward potential use in humans.
The collaboration seeks to combine advanced neurochemical sensing capabilities with clinically relevant neural interface technologies to provide physicians and researchers with new tools for monitoring brain activity and neurochemical signaling in real time using NeuroOne's sEEG electrodes. The ability to simultaneously measure electrical and neurochemical activity help advance understanding, diagnosis, and treatment of neurological and psychiatric disorders.
"We are excited to collaborate with Dartmouth on this NIH-supported initiative," said Dave Rosa, CEO of NeuroOne. "This grant is another compelling example of the versatility and potential of NeuroOne's thin-film electrode technology platform. While our technology has already demonstrated value in recording, stimulation, and therapeutic applications, we believe its flexible design and high-performance characteristics create opportunities well beyond those uses."
About NeuroOne
NeuroOne Medical Technologies Corporation is a medical technology company focused on improving surgical care options and outcomes for patients suffering from neurological disorders. NeuroOne markets a minimally invasive and high-definition/high-precision electrode technology platform with four FDA-cleared product families: Evo(R) Cortical Electrodes, Evo(R) sEEG Electrodes, OneRF(R) Ablation System (for brain), and OneRF(R) Trigeminal Nerve Ablation System. These solutions offer the potential to reduce the number of hospitalizations and surgical procedures, lower costs, and improve patient outcomes by offering diagnostic and therapeutic functions. The Company is engaged in research and development for drug delivery, basivertebral nerve ablation and spinal cord stimulation programs. For more information, visit nmtc1.com.
Forward Looking Statements
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