(NEW YORK) –Migraine therapy device maker, ElectroCore, LLC (ECOR), filed with the SEC to raise $75 million in its initial public offering.
NJ based ElectroCore, which is commercializing a non-invasive nerve stimulation device for treating migraines, filed with the SEC to raise up to $75 million in an initial public offering.
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The Company’s GammaCore device is a non-invasive, hand-held vagus nerve stimulation device designed for the reduction of pain that delivers electrical stimulation through the skin to activate the vagus nerve. The company, which won 510(k) clearance from the FDA for an expanded adult migraine indication for GammaCore in January, banked a $70 million Series B round last year, and won FDA approval for adult cluster headache in April 2017
The company would trade on the NASDAQ exchange under the “ECOR”, and is being underwritten by Evercore ISI, Piper Jaffray, and JMP Securities.
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electroCore, LLC is a U.S.-based neuroscience and technology company dedicated to improving patient outcomes through technological advancement and focused on developing non-invasive vagus nerve stimulation therapy for the treatment of multiple conditions in neurology, inflammation, and metabolic syndrome. The company’s initial target is the treatment of primary headaches (migraine and cluster headache) and the associated chronic co-morbidities of gastric motility, psychiatric, sleep, and pain disorders that drive disproportionately large direct and indirect costs within the healthcare system and society. For more information visit www.electrocore.com
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