Maynooth University spin-out Neuromod launches device to provide relief to tinnitus sufferers.
Neuromod, a medtech spin-out of Ireland-based Maynooth University, has launched a product aimed at reducing the impact of tinnitus.
The condition, suffered by 1 in 10 adults, creates a constant noise in the ears, which can vary from buzzing and high pitch ringing to a loud and debilitating whine that circles through multiple frequencies. The device, mutebutton, allows suffers respite by temporarily reducing the noise generated by tinnitus.
Founded in 2010, the Dublin-based company hopes that the launch will help Neuromod add 50 extra jobs to the area over the next five years. The company previously received €200,000 ($248,000) from state-owned Enterprise Ireland in 2011 to develop the device.
Ross O’Neill, CEO of Neuromod, said: “I am delighted to announce the launch of a revolutionary new treatment for tinnitus sufferers, a condition which has lacked sufficient treatment to date despite affecting 1 in 10 of us. After four years of research and development, today Neuromod Devices is positioned to meet the unmet needs of tinnitus patients’ globally, with the launch of the mutebutton device. I am immensely proud of what we have achieved as a small Irish SME, in just 4 years and this is in no small part thanks to the state support we have received from Enterprise Ireland and the NDRC.”
Following the launch in Ireland, the spin-out plans for a European launch early next year.
