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Firefly Neuroscience Discovers Breakthrough Cognitive Brain Age Biomarker Using its FDA-Cleared BNA™ Platform - Firefly Neuroscience (NASDAQ:AIFF)
KENMORE, N.Y., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Firefly Neuroscience, Inc. ("Firefly" or the "Company") AIFF, an Artificial Intelligence ("AI") company developing innovative solutions that improve brain health outcomes for patients with neurological and mental disorders, today announced the advancement of research to assess a patient's brain age - an estimation of the biological age of a person's brain - via its FDA-cleared BNA™ technology platform. Gil Issachar, Chief Technology Officer of Firefly, commented, "I had the opportunity at AD/PD 2024 to unveil data to an esteemed audience of researchers and clinicians that demonstrated the ability of our groundbreaking BNA™ system, which harnesses Resting EEG and Cognitive EEG (ERP) data, to assess patients' brain age. To my knowledge, this marks the first instance where cognitive data measured by ERP has been successfully utilized by any technology platform for assessing biological brain age. This innovative approach has the potential to illuminate various facets of human brain aging. BNA™ data assessment, for example, is capable of finding a significant disparity between brain age and chronological age, which could serve as a valuable risk factor for dementia. By being able to measure brain age with EEG, we are potentially paving the way for a proactive and scalable approach to early screening and monitoring for Alzheimer's patients." Greg Lipschitz, Executive Chairman of Firefly, said, "This breakthrough underscores our commitment to pushing the boundaries of innovation in brain health, ultimately with the aim of making a meaningful impact on patients' lives. I'm incredibly proud of our team for their dedication and ingenuity in bringing this vision to fruition." About Firefly Firefly AIFF is an Artificial Intelligence ("AI") company developing innovative solutions that improve brain health outcomes for patients with neurological and mental disorders. Firefly's FDA-510(k) cleared Brain Network Analytics (BNA™) technology revolutionizes diagnostic and treatment monitoring methods for conditions such as depression, dementia, anxiety disorders, concussions, and ADHD. Over the past 15 years, Firefly has built a comprehensive database of brain wave tests, securing patent protection, and achieving FDA clearance. The Company is now launching BNA™ commercially, targeting pharmaceutical companies engaged in drug research and clinical trials, as well as medical practitioners for clinical use. Brain Network Analytics was developed using artificial intelligence and machine learning on Firefly's extensive proprietary database of standardized, high-definition longitudinal electroencephalograms (EEGs) of over 17,000 patients representing twelve disorders, as well as clinically normal patients. BNA™, in conjunction with an FDA-cleared EEG system, can provide clinicians with comprehensive insights into brain function. These insights can enhance a clinician's ability to accurately diagnose mental and cognitive disorders and to evaluate what therapy and/or drug is best suited to optimize a patient's outcome. Please visit https://fireflyneuro.com/ for more information. Certain statements in this press release may constitute "forward-looking statements" for purposes of the federal securities laws concerning Firefly. These forward-looking statements include express or implied statements relating to Firefly's management teams' expectations, hopes, beliefs, intentions, or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "will," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on current expectations and beliefs concerning future developments and their potential effects. There can be no assurance that future developments affecting Firefly will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond Firefly's control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: risks related to development and commercialization of BNA™ technology; risks related to Firefly's ability to recognize the anticipated benefits of the merger (the "Merger") with WaveDancer, Inc. ("WaveDancer"); risks related to Firefly's ability to correctly estimate its operating expenses and unanticipated spending and costs that could reduce Firefly's cash resources; the ability of Firefly to protect its intellectual property rights; competitive responses to the Merger; unexpected costs, charges or expenses resulting from the Merger; potential adverse reactions or changes to business relationships resulting from the completion of the Merger; legislative, regulatory, political and economic developments; and those factors described under the heading "Risk Factors" in the registration statement on Form S-4 filed by WaveDancer with the Securities and Exchange Commission on January 22, 2024, as amended, and declared effective on February 6, 2024. Should one or more of these risks or uncertainties materialize, or should any of Firefly's assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. It is not possible to predict or identify all such risks. Forward-looking statements included in this press release only speak as of the date they are made, and Firefly does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Investor & Media Contact Stephen Kilmer (646) 274-3580 stephen.kilmer@fireflyneuro.com AIFFFirefly Neuroscience Inc$3.3375.3%WatchlistOverviewMarket News and Data brought to you by Benzinga APIs
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Firefly Neuroscience Shares Double After Move to Advance BNA Platform
Firefly Neuroscience shares doubled to $3.90 Tuesday after the company said it is advancing its research used to assess a patient's brain age--an estimation of the biological age of a person's brain--via its Food and Drug Administration-cleared BNA technology platform. The AI healthcare company said the technology demonstrated the ability to harness resting electroencephalograms and cognitive electroencephalograms data to assess patients' brain age. Firefly said the BNA technology has the potential to show various facets of human brain aging. BNA data assessment, the company said, could find a significant disparity between brain age and chronological age, which could serve as a valuable risk factor for dementia. Firefly said it hopes to apply the technology to early screening and monitoring for Alzheimer's patients.
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Firefly Neuroscience announces a breakthrough in assessing cognitive brain age using its FDA-cleared BNA™ technology, potentially revolutionizing early detection and monitoring of neurological disorders like Alzheimer's.
Firefly Neuroscience, Inc. (NASDAQ: AIFF), an AI-driven healthcare company, has announced a significant advancement in brain health research. The company has developed a method to assess a patient's cognitive brain age using its FDA-cleared Brain Network Analytics (BNA™) technology platform 1.
Gil Issachar, Chief Technology Officer of Firefly, presented the groundbreaking findings at AD/PD 2024. The BNA™ system utilizes both Resting EEG and Cognitive EEG (ERP) data to estimate the biological age of a person's brain. This marks the first instance where cognitive data measured by ERP has been successfully used for assessing biological brain age 1.
The technology has shown promise in identifying disparities between brain age and chronological age, which could serve as a valuable risk factor for dementia. By enabling the measurement of brain age through EEG, Firefly is potentially opening doors to a proactive and scalable approach for early screening and monitoring of Alzheimer's patients 1.
Firefly's BNA™ technology was developed using artificial intelligence and machine learning, leveraging a comprehensive database of over 17,000 patients representing twelve disorders and clinically normal patients. The system, when used in conjunction with an FDA-cleared EEG system, can provide clinicians with comprehensive insights into brain function, enhancing their ability to accurately diagnose mental and cognitive disorders and evaluate optimal therapies 1.
The announcement of this breakthrough has had a significant impact on Firefly Neuroscience's market performance. The company's shares doubled to $3.90 following the news, reflecting investor confidence in the potential of the BNA™ platform 2.
Firefly is now launching BNA™ commercially, targeting pharmaceutical companies engaged in drug research and clinical trials, as well as medical practitioners for clinical use. This move could potentially revolutionize diagnostic and treatment monitoring methods for conditions such as depression, dementia, anxiety disorders, concussions, and ADHD 1.
Firefly Neuroscience's FDA-cleared BNA™ platform, utilizing AI and machine learning, demonstrates significant potential in providing objective measures for drug efficacy and cognitive changes in neuropharmacology and psychiatry.
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Firefly Neuroscience, an AI company focused on brain health solutions, has closed a financing deal of up to $12.4 million to support the commercialization of its FDA-cleared Brain Network Analytics technology.
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Firefly Neuroscience's stock surges over 200% following its acceptance into NVIDIA's Connect program, aiming to develop an AI-powered foundation model of the human brain using its FDA-cleared Brain Network Analytics technology.
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Firefly Neuroscience, an AI company focused on brain health, announces an inducement grant to its Executive Chairman and discusses its innovative Brain Network Analytics technology.
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Firefly Neuroscience, an AI company specializing in brain health diagnostics, announces its participation in two major investor conferences in October 2024, highlighting its innovative Brain Network Analytics technology.
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