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electroCore Expands Intellectual Property Portfolio for Non-Invasive Vagus Nerve Stimulation (nVNS) Technology

Key Takeaway: electroCore, Inc. announced the issuance of U.S. Patent No. 11,779,756 by the United States Patent and Trademark Office, which pertains to a new treatment protocol for non-invasive vagus nerve stimulation (nVNS). This patent emphasizes a treatment approach that involves a specified duration and frequency of stimulation. The company's CEO highlighted the importance of this patent in strengthening their position in the bioelectronic medicine market. Overall, this development showcases electroCore's ongoing commitment to advancing its innovative non-invasive therapy solutions.
Price reaction · baseline $5.39 (2023-10-10 close) · hit after-hours · clean, no other ECOR news in the window
day 0 close · peak
-2.8%

Market Sentiment Analysis

POSITIVE FACTORS

  • Issuance of a new patent strengthens electroCore's IP portfolio.
  • The patent outlines a preferable treatment protocol for nVNS.
  • Continued growth of intellectual property indicates positive organizational development.
  • Potential for improved patient outcomes with new treatment paradigms.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Cash runway
~7 mo
High dilution risk
Lead asset
GammaCore
Phase 2 · Chronic Cluster Headache

Full Press Release Details

ROCKAWAY, N.J., Oct. 11, 2023 (GLOBE NEWSWIRE) -- electroCore, Inc. (Nasdaq: ECOR), a commercial-stage bioelectronic medicine and wellness company, today announced the United States Patent and Trademark Office has issued a patent related to a treatment protocol for nVNS.
U.S. Patent No. 11,779,756 entitled “Systems and Methods for Vagal Nerve Stimulation” was issued on October 10, 2023, and is generally related to a preferable treatment paradigm for nVNS that involves applying a single dose of stimulation for about 90 seconds to about 150 seconds, 2-4 times during a 24-hour period.
“Our intellectual property portfolio continues to grow,” stated Dan Goldberger, Chief Executive Officer of electroCore. “This new patent strengthens our position around the application of non-invasive vagus nerve stimulation, and how frequently nVNS may be used by a patient or customer looking for relief.”
About electroCore, Inc.
electroCore, Inc. is a commercial stage bioelectronic medicine and wellness company dedicated to improving health through its non-invasive vagus nerve stimulation (“nVNS”) technology platform. Our focus is the commercialization of medical devices for the management and treatment of certain medical conditions and consumer product offerings utilizing nVNS to promote general wellbeing and human performance in the United States and select overseas markets.
For more information, visit www.electrocore.com.
Forward-Looking Statements
This press release and other written and oral statements made by representatives of electroCore may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements about electroCore's business prospects and clinical and product development plans including potential commercial applications of nVNS and treatment paradigms; its pipeline or potential markets for its technologies; the timing, outcome and impact of regulatory, clinical and commercial developments; the issuance of U.S. and international patents, including patents related to non-invasive nerve stimulation with mobile devices, providing expanded IP coverage; the possibility of future business models, the potential of nVNS generally and gammaCore in particular and other statements that are not historical in nature, particularly those that utilize terminology such as "anticipates," "expects," "believes," "intends," other words of similar meaning, derivations of such words and the use of future dates. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the ability to obtain additional financing necessary to continue electroCore's business, sales and marketing and product development plans, the uncertainties inherent in the development of new products or technologies, the ability to successfully commercialize gammaCore™, competition in the industry in which electroCore operates and general market conditions. All forward-looking statements are made as of the date of this press release, and electroCore undertakes no obligation to update forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law. Investors should refer to all information set forth in this document and should also refer to the disclosure of risk factors set forth in the reports and other documents electroCore files with the SEC, available at www.sec.gov.

Frequently Asked Questions

What is the recent patent issued to electroCore about?

The patent covers a treatment protocol for non-invasive vagus nerve stimulation (nVNS).

How long is the stimulation time for nVNS treatments?

Treatment involves about 90 to 150 seconds of stimulation, done 2-4 times daily.

What impact does the new patent have on electroCore?

It enhances their position in non-invasive vagus nerve stimulation application.

What technology does electroCore specialize in?

electroCore focuses on non-invasive vagus nerve stimulation technology for health.

Where can more information about electroCore be found?

Further details are available at www.electrocore.com.

Last updated: Oct 11, 2023