AppliedVR raises $29M to help make virtual reality the standard of care for treating chronic pain

AppliedVR Raises $29 Million for Immersive Headsets (LA Business Journal): Century City-based AppliedVR, Inc. announced March 23 that it has raised $29 million in Series A funding that will be used to continue development of an immersive headset to help patients with chronic pain. … The company is building a headset called EaseVRx that will display immersive environments like campfires, mountains and other animated nature scenes to help patients dealing with chronic pain, including fibromyalgia and chronic intractable lower back pain… AppliedVR Chief Executive and co-founder Matthew Stoudt said that the pandemic has generated more need for pain treatments that can be administered away from medical settings. The Announcement: AppliedVR Secures $29 Million in Series A Funding to Make Virtual Reality the Standard of Care for Chronic Pain (press release): AppliedVR provides virtual reality-based treatments aimed at comprehensively treating chronic pain. Combining well-established cognitive behavioral therapies with mindfulness exercises, the company’s EaseVRx solution recently became the first virtual reality (VR) prescription therapeutic to receive Breakthrough Device Designation from the FDA for treatment-resistant fibromyalgia and chronic intractable lower back pain. The company also just released results from its pivotal eight-week randomized clinical trial, finding that the EaseVRx device produced “clinically meaningful” improvement in multiple pain outcomes, ...
Source: SharpBrains - Category: Neuroscience Authors: Tags: Brain/ Mental Health Technology & Innovation AppliedVR chronic pain cognitive behavioral therapies FDA fibromyalgia headset mindfulness exercises pain treatment virtual-reality Source Type: blogs