Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

ElectroCore on deck for IPO

Published 05/22/2018, 12:18 PM
© Reuters.  ElectroCore on deck for IPO
RSLS
-
LIVN
-
  • Basking Ridge, NJ-based electroCore (ECOR) has filed a preliminary prospectus for a $75M IPO.
  • The bioelectronic medicine company markets a hand-held non-invasive vagus nerve stimulation (VNS) device called gammaCore, cleared by the FDA in January for the acute treatment of pain associated with migraine in adults. Commercial launch will commence next quarter. The company has also applied for U.S. clearance for episodic cluster headache.
  • Additional planned indications include the prevention of migraine, migraine in adolescents, post-traumatic headache, Sjôgren’s syndrome and rheumatoid arthritis.
  • 2018 Financials (Q1)($M): Sales: 0.1 (-30.5%); Operating Expenses: 9.1 (+90.8%); Net Loss: (9.4) (-48.6%); Cash Consumption: (9.7) (-125.6%).
  • VNS-related tickers: (LIVN -0.3%)(RSLS -2.9%)
  • Now read: K2M Disrupting The Market, Growing, And Still Undervalued


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.