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electroCore

Basking Ridge/Rockaway, New Jersey, United States

Ownership: Public · ECOR
Development stage: Commercial

Overview

electroCore has commercialized multiple non-invasive neuromodulation devices targeting the vagus and peripheral nerves. Its lead product gammaCore treats migraine and cluster headache with established clinical efficacy. Truvaga addresses general wellness including stress reduction and sleep improvement. The company recently acquired the Quell wearable device for fibromyalgia from NeuroMetrix to expand its portfolio into chronic pain management. Clinical data support efficacy of these devices across several neurological and pain-related conditions.

Therapeutic areas: PulmonologyPsychiatryNeurologyRheumatology
Modalities: DeviceNon-pharmacological therapyNeuromodulation device
Industry: Therapeutic Medical Devices

Drug pipeline

3 assets

gammaCore

Commercial

Indications: Migraine, Cluster headache, Hemicrania continua

2 more assets in the full pipeline.

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Partnerships

U.S. Department of Veterans AffairsU.S. Department of Defensepartnerships related to distribution channelsrecent partnership(s) through acquisition of NeuroMetrix’s Quell platform

Financials

Market cap: $81.1M
Total revenue: $9.5M
Enterprise value: $80.6M

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