Prescription Wearables For Mental Health
Fisher Wallace Laboratories sells wearable medical devices designed to treat symptoms of depression, anxiety, and insomnia.
Its initial device is a headband called the Stimulator. This device comfortably stimulates the brain to produce neurochemicals like serotonin, which is believed to contribute toward feelings of happiness and well-being. At the same time, the Stimulator reduces the brain’s output of cortisol, the body’s main stress hormone.
According to The Wall Street Journal, this device has achieved twice the success rate of anti-depressant medications. And Forbes called it “One of four technologies innovating mental health.”
Since receiving FDA clearance for its device in 2007, Fisher Wallace has generated more than thirty million dollars in revenue. The company has sold more than 50,000 of its devices, and raised nearly three million dollars from professional investors.
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