They’ve lost their source of income, so they have less money to spend on such things. They worked for businesses that provided many commodities, but they’re now closed.Īlso, consumers are having trouble meeting their basic needs. People have been stuck at home for too long as they’ve lost their jobs. The lockdowns in various countries have made importing and exporting goods difficult. That’s because the stock market has been highly volatile during the pandemic. Looking at other stocks, you will often notice similar price declines. It has lost 8.46% of its value last month and 39.59% within a year. Looking at its past performance on the charts will help you see if this is a promising investment.Īt the time of writing, the EYES stock price was $1.20 while its market cap was roughly $56.75 million. MIT Technology Review February 16, 2013Īside from looking at the company, you must also look at the stock data. The sight-restoring implant made by Second Sight is the most advanced prosthetic to date. That’s why you should take a closer look at its market data, such as the EYES stock price and market cap. A company’s performance is a huge factor in the stock price. In turn, this may not bode well for EYES stock. They may not be able to afford the numerous costs of the medical device.
Strangely, a patient with health insurance may face the same problem. Without insurance, they may not afford the implant from Second Sight Medical Products. Others can’t get coverage because of their age or student status.Some people can’t access employer-sponsored insurance or ESI.Frictional uninsurance or the lack of coverage because a person lost or changed their job.Here are the common reasons why they’re uninsured : At the time of writing, people still find it hard to use the health insurance system. Sadly, this makes things more complicated. After that, Second Sight Insurance Specialists will work with your insurance provider to find the best coverage. The physician will run tests to confirm that the Argus II suits you. They must consult a doctor about it first. says patients may reimburse the Argus II through most Medicare Administrative Contractors (MACs). That’s a steep price for most people, so they would likely need health insurance for this. The Argus II implants cost around $115,000 to $150,000. Second Sight’s Bionic Eye Implant Approved in the United States > #Vision Read More: The Best Growth Stocks Right Now Health insurance issues This may also cause investors to second guess buying stocks from Second Sight Medical Products. after two years.Īt the time of writing, many users still have not received upgrades or assistance with their implants. This is why she stopped using the gadget from Second Sight Medical Inc. Meanwhile, another reported seeing flashes of light that got in the way of her daily activities. One patient lost vision in her left eye while walking down a subway station. You may take this in the literal sense, as their implants eventually failed. Unfortunately, this left the current users in the dark. It discontinued the Argus II in 2019 to make way for a new technology called the Orion.
This is a big issue for Second Sight Medical Products. Let’s look at the recent developments from Second Sight Medical Products Inc.: Some patients go blind againĮarly adopters of a retinal implant for the #blind were caught by surprise when Second Sight discontinued the tech and then almost went bankrupt. That’s why you should check various factors when choosing assets. Product use-cases and demand don’t make certain company shares a must-buy. At the time of writing, it dropped to $2.97. On August 19, 2021, INO stock was $8.45 each. At first glance, it should be an instant buy because there’s a huge demand for COVID drugs. It made a new type of COVID vaccine that doesn’t use needles.
In turn, this should be a clear win for its investors, right? Sadly, picking the right investments isn’t that simple. After all, the Argus II is a promising key revenue source for it. Issues with Second Sight Medical ProductsĪfter hearing all this, you might be eager to include stock from Second Sight Medical Products Inc. They recount how the Argus II opened new ways to live their lives to the fullest. If you check the company’s webpage, you’ll see many testimonials from satisfied customers.
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