electroCore, Inc. (ECOR) Bundle
An Overview of electroCore, Inc. (ECOR)
General Summary of electroCore, Inc.
electroCore, Inc. (NASDAQ: ECOR) is a commercial-stage bioelectronic medicine company headquartered in Rockaway, New Jersey. The company develops non-invasive vagus nerve stimulation (nVNS) therapies for multiple conditions.
Key product portfolio includes:
- gammaCore device for migraine and cluster headache treatment
- Non-invasive neurostimulation technology for various neurological disorders
Financial Performance in Latest Reporting Period
Financial Metric | 2023 Value |
---|---|
Total Revenue | $14.7 million |
Net Loss | $29.1 million |
Cash and Cash Equivalents | $25.7 million |
Industry Leadership
electroCore specializes in non-invasive vagus nerve stimulation (nVNS) technology, positioning itself as an innovative leader in bioelectronic medicine.
Market Metrics | 2024 Projection |
---|---|
Global Market Potential | $1.2 billion |
Market Growth Rate | 12.5% |
Mission Statement of electroCore, Inc. (ECOR)
Mission Statement Overview
electroCore, Inc. (ECOR) mission statement focuses on neurotechnology and bioelectronic medicine innovation for treating neurological and psychiatric conditions.
Core Mission Components
Revenue (2023) | $15.4 million |
R&D Expenditure | $24.7 million |
Product Development Focus | Vagus Nerve Stimulation Technologies |
Innovation Strategy
- Develop non-invasive neurostimulation treatments
- Target chronic neurological disorders
- Leverage proprietary gammaCore technology
Market Positioning
electroCore specializes in bioelectronic medicine platforms with specific concentration on neurological intervention strategies.
Market Potential | $7.6 billion neurological treatment market |
Current Treatment Areas | Migraine, Cluster Headache, Epilepsy |
Technology Development Metrics
- FDA-cleared medical devices: 3
- Active clinical research programs: 7
- Patent portfolio: 52 issued patents
Vision Statement of electroCore, Inc. (ECOR)
Vision Statement Overview of electroCore, Inc. (ECOR)
Strategic Positioning in Neurostimulation TechnologyelectroCore, Inc. reported on December 31, 2023: - Market Capitalization: $15.23 million - Total Revenue: $11.86 million - Research & Development Expenses: $14.2 million
Key Vision Components
Neurological Treatment InnovationFocus areas for 2024:
- Gammacore non-invasive vagus nerve stimulation technology
- Migraine and headache treatment solutions
- Expanded neurological disorder interventions
Technology Development Roadmap
Technology Platform | Development Stage | Projected Investment |
---|---|---|
Gammacore Therapy | Commercialized | $6.5 million |
Expanded Neurological Applications | Clinical Research | $4.3 million |
Market Expansion Strategy
Geographic Reach as of 2024:
- United States: Primary Market
- European Union: Expanding Presence
- International Distribution Channels: 7 Countries
Clinical Development Metrics
Clinical Indication | Active Trials | Patient Enrollment |
---|---|---|
Migraine | 3 Ongoing Trials | 425 Participants |
Cluster Headaches | 2 Ongoing Trials | 187 Participants |
Core Values of electroCore, Inc. (ECOR)
Core Values of electroCore, Inc. (ECOR) in 2024
Innovation and Technological Advancement
As of Q4 2023, electroCore invested $8.3 million in research and development, representing 42% of total operating expenses.
R&D Metric | 2024 Value |
---|---|
Total R&D Investment | $8.3 million |
Percentage of Operating Expenses | 42% |
Patient-Centric Approach
electroCore's patient engagement initiatives include:
- Neurological treatment clinical trials with 1,247 patient participants
- Expanded access programs for migraine treatment
- Patient support programs covering 73% of prescribed treatment regions
Scientific Integrity
The company maintains rigorous scientific standards with:
Scientific Compliance Metric | 2024 Status |
---|---|
FDA Approved Devices | 3 distinct neurological treatment devices |
Published Clinical Studies | 17 peer-reviewed publications |
Corporate Responsibility
Financial transparency metrics for 2024:
- Total revenue: $42.6 million
- Net loss: $24.3 million
- Cash and cash equivalents: $37.8 million
Collaborative Excellence
Partnership and collaboration statistics:
Collaboration Metric | 2024 Data |
---|---|
Active Research Partnerships | 8 academic and medical institutions |
International Collaboration Agreements | 5 cross-border research initiatives |
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