Key Points
- Precision Neuroscience announced that a core component of its brain implant system has been approved by the U.S. Food and Drug Administration.
- The company is building a brain-computer interface that will eventually help paralyzed patients restore functions such as speech and movement.
- Other prominent startups in the space include Elon Musk’s Neuralink, and Synchron, which is backed by Amazon founder Jeff Bezos and Microsoft co-founder Bill Gates.