EnteroMedics Inc (NASDAQ: ETRM) is off to an incredibly strong start in the market today, and for good reason. In a press release, the company announced that a new facility has successfully performed its first vBloc implant. Of course, this led to excitement among investors, prompting gains in the value of the stock and causing our partners at Trade Ideas to send the alert. At the moment (9:19), ETRM is trading at $4.72 per share after a gain of $0.52 per share or 12.38% thus far today.
ETRM Announces First Patient Treated In New Facility
As mentioned above, EnteroMedics is having an incredibly strong start to the trading session in the pre-market hours. The gains are ultimately the result of a press release. In the press release, the company announced that the McGuire Veterans Affairs Medical Center in Richmond, VA has successfully completed its first implant of the companies proprietary vBloc® Neurometabolic Therapy. According to the release, the surgery was performed by James Maher, MD earlier this week. In a statement, Dr. Maher had the following to offer about his experience with the ETRM product:
“Obesity and its comorbidities must be addressed in order to live a healthier and fuller life… Providing the best medical options to combat morbid obesity in the men and women who have served our country is a top priority and with vBloc Therapy available at the Richmond VAMC, we are now able to provide a safe and effective alternative to invasive, anatomy-altering and restricting procedures. There are well over one million veterans with obesity and the Richmond VAMC is committed to helping those in our communities succeed in their fight against obesity.”
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on ETRM. In particular, we’re interested in following the company as the vBloc product continues to expand into new facilities. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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