Phantom Neuro is a pre-clinical, muscle-machine interface, building surgically implantable sensors into muscle fiber, allowing patients to control integrated orthopedic devices - robotic limbs. The Phantom X system can integrate with a number of commercially available systems, allowing patients to tap into a market of advanced prothetic limbs previously inaccessible to mass market.
The company has IP not only for the Phantom X control system but also for the Modular Prosthetic Limb, which is IP generated at the Applied Physics Laboratory and exclusively licensed to Phantom Neuro. This gives the company flexibility in product offerings, with an opportunity to one day offer the control system plus the robotic appendages as well.
The company intends to sell its Phantom X system directly to outpatient surgery centers, such as Plastic Surgery, Vascular Surgery, Orthopedic Surgery, General Surgery centers. Users will be referred to their local outpatient center, by their relevant clinician, where they will go to receive their Phantom X implants via a short and safe minimally invasive procedure. The surgery centers will then get reimbursement (for the Phantom X + procedure) from insurance providers via reimbursement codes.
The company intends to build the implantable hardware component of the Phantom X (the most expensive and complex component) at Cirtec Medical, a prominent contract manufacturing organization within the medical device
space.
The implantation procedure for a person to receive the Phantom X is scalable. It consists of a quick outpatient procedure that does not require general anesthesia or a specialized surgeon. It is suitable for any outpatient surgical center of any sub-specialty.
The initial users of the Phantom X will be amputees in need of a control system for a robotic prosthetic limb. Users will then expand to individuals with isolated deficits like foot drop and wrist drop who are in need of a control system for a robotic brace. Users will then expand to individuals with various musculoskeletal deficits who need a control system for an assistive exoskeleton. Users will then expand to uninjured individuals desirous of a safe smart implant for the purpose of human augmentation.