electroCore

electroCore

ECORPre-clinical
Founded 2005electrocore.com

Founded in 2005, electroCore is a leader in non-invasive neuromodulation, developing and commercializing its gammaCore nVNS platform. The company has achieved FDA clearances, CE marks, and other international approvals for its reusable medical device, generating revenue while expanding its clinical pipeline into new indications like PTSD and metabolic disorders. With a strong intellectual property portfolio of over 200 patents and a seasoned leadership team, electroCore aims to establish nVNS as a foundational therapy across multiple therapeutic areas.

Market Cap
$50.0M
Founded
2005

ECOR · Stock Price

USD 6.253.10 (-33.12%)

Historical price data

AI Company Overview

Founded in 2005, electroCore is a leader in non-invasive neuromodulation, developing and commercializing its gammaCore nVNS platform. The company has achieved FDA clearances, CE marks, and other international approvals for its reusable medical device, generating revenue while expanding its clinical pipeline into new indications like PTSD and metabolic disorders. With a strong intellectual property portfolio of over 200 patents and a seasoned leadership team, electroCore aims to establish nVNS as a foundational therapy across multiple therapeutic areas.

Technology Platform

Proprietary non-invasive vagus nerve stimulation (nVNS) platform, delivered via a handheld device (gammaCore) that stimulates the vagus nerve through the skin to modulate neurological and inflammatory pathways without drugs.

Funding History

4

Total raised: $110M

Debt$15MUndisclosedJan 15, 2022
IPO$30MUndisclosedJun 15, 2018
Series B$40MUndisclosedAug 15, 2015
Series A$25MUndisclosedMay 15, 2013

Opportunities

Significant growth opportunities exist in expanding the clinical label of gammaCore into large new indications like PTSD, depression, and inflammatory conditions.
Geographic expansion into new markets and securing broader insurance reimbursement are key commercial levers.
The reusable, drug-free platform also aligns with trends in sustainable healthcare and the reduction of pharmaceutical side effects.

Risk Factors

Key risks include slower-than-expected commercial adoption and reimbursement challenges for a novel device therapy.
Clinical trial failures in pipeline expansions would severely limit growth prospects.
The company's financial position requires careful capital management, and it faces competition from both established pharmaceuticals and other neuromodulation technologies.

Competitive Landscape

electroCore competes with implantable VNS makers (e.g., LivaNova), other neuromodulation device companies, and dominant pharmaceutical firms in migraine and other indications. Its primary differentiation is the non-invasive, patient-administered, and drug-free nature of its gammaCore therapy, offering a unique alternative or adjunct to existing treatments.

Company Info

TypeTherapeutics
Founded2005
LocationUnited States
StagePre-clinical
RevenueRevenue Generating

Trading

TickerECOR
ExchangeNASDAQ

Contact

electrocore.com(888) 903-CORE

Therapeutic Areas

NeurologyMetabolic DisordersPsychiatry

Partners

Acacia ClinicsVagus Nerve Society
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