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Acacia Clinics and Vagus Nerve Society Conduct Study Using electroCore’s gammaCore Sapphire for Adjunctive Treatment of Symptoms Associated with Post-Traumatic Stress Disorder (“PTSD”)

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electroCore (Nasdaq: ECOR) announced a research study with Acacia Clinics and the Vagus Nerve Society testing gammaCore Sapphire as an adjunctive treatment for PTSD symptoms.

The prospective study will enroll up to 40 adults (18–70) over an anticipated 10-month period. The primary safety measure is incidence of treatment-related significant adverse events (SAEs); the primary efficacy endpoint is change from baseline in CAPS-5 total score at 12 weeks (vs baseline/4-week run-in). Secondary outcomes include change in PCL-5 and Clinical Global Index (CGI) at 12 weeks. The study is led by Danielle DeSouza MSc, PhD, sponsored by the Vagus Nerve Society, with electroCore providing an educational grant and devices.

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Positive

  • Study launched to evaluate gammaCore Sapphire for PTSD symptoms
  • Primary efficacy set as CAPS-5 total score change at 12 weeks
  • Study will enroll up to 40 subjects aged 18–70
  • electroCore providing devices and educational grant

Negative

  • Planned sample size is limited to up to 40 subjects
  • Primary endpoint measured at 12 weeks, limiting long‑term outcome data

News Market Reaction – ECOR

+10.17%
11 alerts
+10.17% Session close to close
+24.8% Peak in 1 hr 3 min
$63.97M Market Cap
1.4x Rel. Volume

In the Jan 21 session, ECOR gained 10.17%, reflecting a significant positive market reaction. Argus tracked a peak move of +24.8% during that session. Our momentum scanner triggered 11 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock surged +10.2% in the session following this news. A strong positive reaction aligns with t...
Analysis

The stock surged +10.2% in the session following this news. A strong positive reaction aligns with the stock’s positioning above its 200-day MA yet far below its 52-week high, as investors responded to expansion of gammaCore Sapphire into PTSD research via a 40‑subject, 10‑month study. Historically, ECOR’s upbeat data and guidance have not always produced lasting gains. Existing resale registration capacity and prior insider selling could temper follow‑through if enthusiasm fades or subsequent data and funding developments disappoint.

Key Figures

Study subjects: up to 40 subjects Age range: 18–70 years Treatment duration: 12-week period +4 more
7 metrics
Study subjects up to 40 subjects PTSD nVNS adjunctive treatment study enrollment
Age range 18–70 years Inclusion criteria for PTSD study participants
Treatment duration 12-week period Primary efficacy endpoint timing vs baseline/4-week run-in
Run-in period 4 weeks Baseline assessment period prior to nVNS treatment
Study length 10 months Anticipated total duration of PTSD study
PTSD lifetime prevalence 6% Share of population affected at some time in life
Full remission rate one third Proportion of PTSD patients achieving full remission with standard care

Historical Context

5 past events · Latest: Dec 02 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Dec 02 Clinical study data Positive -0.4% Peer‑reviewed TAC‑STIM study showed significant mood and performance improvements.
Nov 10 Conference participation Neutral +1.3% Management participation at Canaccord Genuity MedTech & Digital Health forum.
Nov 05 Earnings results Positive -4.2% Record Q3 2025 sales growth and raised 2025 revenue guidance with losses narrowing focus.
Oct 23 Earnings date notice Neutral +1.4% Announcement of Q3 2025 results date and investor webinar details.
Oct 03 Inducement grant Neutral +0.0% RSU inducement grant tied to hiring of VP, HR and Employee Success.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Positive or growth-focused news has previously seen mixed to negative next-day moves, while neutral corporate updates have often aligned with modest or flat reactions.

Recent Company History

Over the last few months, ECOR has reported record Q3 2025 net sales with raised full‑year revenue guidance, yet the stock declined on that earnings release. A positive TAC‑STIM™ performance study in active‑duty airmen also coincided with a slight next‑day drop. In contrast, neutral items such as conference participation, an earnings date announcement, and an inducement RSU grant saw flat to modestly positive alignment. Today’s PTSD adjunctive‑treatment study fits the pattern of clinical and research expansion around vagus nerve stimulation, extending the company’s evidence base into mental health indications.

Key Terms

non-invasive vagus nerve stimulator, clinician-administered PTSD scale (CAPS-5), pcl-5, clinical global index (cgi), +3 more
7 terms
non-invasive vagus nerve stimulator medical
"gammaCore™ Sapphire, electroCore’s non-invasive vagus nerve stimulator (nVNS)"
A non-invasive vagus nerve stimulator is a handheld or wearable device that delivers mild electrical pulses through the skin to activate the vagus nerve, the body’s key nervous-system highway between brain and organs. Think of it as a gentle, external “pacemaker” for nerve signaling; investors care because it offers a lower-risk, outpatient treatment option with broad market potential, simpler regulatory paths than implants, and recurring revenue from devices or consumables.
clinician-administered PTSD scale (CAPS-5) medical
"difference from baseline in the Clinician-Administered PTSD Scale (CAPS-5) total score"
A clinician-administered PTSD scale (CAPS-5) is a standardized interview used by trained professionals to determine whether someone has post-traumatic stress disorder and to measure how severe their symptoms are. Think of it as a detailed scorecard used in clinical trials to show whether a treatment is actually helping patients; investors watch these results because they strongly influence regulatory approval, prescribing decisions, and a therapy’s commercial prospects.
pcl-5 medical
"difference in the PTSD Checklist (PCL-5) score, a 20-item self-report questionnaire"
A PTSD Checklist for DSM-5 (PCL-5) is a standardized 20-question survey that measures the severity of post-traumatic stress symptoms as reported by an individual. Investors track PCL-5 results when they appear in clinical trials or product evaluations because shifts in these scores are a straightforward way to gauge whether a therapy, drug, or digital health tool is having a meaningful effect — similar to using a thermometer to see if a treatment is lowering a fever.
clinical global index (cgi) medical
"clinical improvement with the Clinical Global Index (CGI) at the 12-week"
A clinical global index (CGI) is a single, overall score used by doctors or trial assessors to summarize a patient’s health status or change over time across multiple symptoms or measures. Think of it as a single thumbs-up/thumbs-down rating that captures whether a treatment is helping, not just whether a specific lab number moved. Investors watch CGI results because they often serve as key trial endpoints that can influence regulatory decisions, perceived drug value, and future sales prospects.
significant adverse events (saes) medical
"primary safety measure ... incidence and occurrence of significant adverse events (SAEs)"
Significant adverse events are serious negative health incidents that occur during medical studies or after a treatment is used, such as death, life-threatening reactions, hospitalization, or lasting disability. For investors, these events are critical because they can pause or end clinical trials, prompt regulatory scrutiny or product recalls, and materially change a company’s projected revenue and valuation—think of them as major safety red flags that can stop a product launch in its tracks.
dsm-5 medical
"index history of DSM-5 defined traumatic event exposure, including the most distressing event"
A standardized handbook used by clinicians to identify and categorize mental health conditions, acting like a rulebook or map that guides diagnosis and treatment decisions. Investors care because its definitions shape how many people are labeled with particular disorders, which affects demand for therapies, insurance coverage, clinical trial design and regulatory pathways—changes to the manual can therefore alter market size, reimbursement and R&D priorities.
post-traumatic stress disorder medical
"Post-traumatic stress disorder affects 6% of the population at some time"
A mental health condition that can develop after a person experiences or witnesses a traumatic event, causing persistent symptoms such as intrusive memories, heightened stress reactions, avoidance of reminders, and trouble sleeping or concentrating. For investors it matters because it can reduce employee productivity, increase healthcare and disability costs, alter consumer behavior, and create demand for treatment and support services—think of a business whose systems keep freezing after a shock, requiring ongoing fixes and higher operating costs.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ROCKAWAY, N.J., Jan. 21, 2026 (GLOBE NEWSWIRE) -- electroCore, Inc. (Nasdaq: ECOR) (“electroCore” or the “Company”), a bioelectronic technology company, today announced that Acacia Clinics and the Vagus Nerve Society have launched a new research initiative to explore the extent to which gammaCore™ Sapphire, electroCore’s non-invasive vagus nerve stimulator (nVNS), can be used as an adjunctive treatment of symptoms associated with PTSD.

The study entitled “Non-Invasive Vagus Nerve Stimulation (nVNS) for Adjunctive Treatment of Symptoms Associated with Post-Traumatic Stress Disorder,” will be led by Danielle DeSouza MSc, PhD, VP of Research at Acacia Clinics (“the Investigator”). The study will collect data on the safety and effectiveness of gammaCore Sapphire as an adjunctive treatment for the symptoms of PTSD. The primary safety measure for this study is the incidence and occurrence of significant adverse events (SAEs) related to nVNS treatment, while the primary efficacy outcome is the difference from baseline in the Clinician-Administered PTSD Scale (CAPS-5) total score at the 12-week treatment period (versus baseline/4-week run-in period). The CAPS-5 is a semi-structured clinical interview administered by the Investigator and is used to assess index history of DSM-5 defined traumatic event exposure, including the most distressing event, time since exposure, and total number of exposures, as well as frequency and severity of post-traumatic stress symptoms, as evidenced by CAPS-5 total score. The CAPS-5 provides diagnostic status (presence versus absence) of PTSD as well as PTSD symptom severity. A secondary efficacy outcome will include the difference in the PTSD Checklist (PCL-5) score, a 20-item self-report questionnaire in which respondents indicate the presence and severity of PTSD symptoms derived from the DSM-5 symptoms of PTSD, and clinical improvement with the Clinical Global Index (CGI) at the 12-week treatment period (versus baseline).

“Post-traumatic stress disorder affects 6% of the population at some time in their lives, with only one third of those suffering from PTSD able to achieve full remission with current standard of care,” commented Danielle DeSouza MSc, PhD. “The vagus nerve represents a unique window between central functions of the brain and peripheral organ function that may be a promising target for treatment interventions for PTSD, and we are excited to collaborate with the Vagus Nerve Society and electroCore in understanding how nVNS may be used to treat symptoms of PTSD.”

The study will enroll up to 40 subjects aged between 18 – 70 diagnosed with PTSD and is anticipated to run over 10 months. The study is sponsored by the Vagus Nerve Society and electroCore will be providing an educational grant and gammaCore Sapphire devices.  

About Acacia Clinics

Acacia Clinics is a recognized leader in precision neuromodulation and advanced mental health services, drawing on nearly a decade of experience in fMRI-guided TMS. Founded in 2018 by Dr. David Carreon and Dr. Nathan Meng, Acacia is led by an experienced executive team that also includes David Ling, Dr. Noah DeGaetano, and Dr. Danielle DeSouza. Acacia integrates patient-focused care, rigorous clinical research, and industry-leading partnerships to deliver exceptional, evidence-based treatment.

About electroCore, Inc.

electroCore, Inc. is a bioelectronic technology company whose mission is to improve health and quality of life through innovative non-invasive bioelectronic technologies. The Company’s two leading prescription products, gammaCore® non-invasive vagus nerve stimulation (nVNS) and Quell® neurostimulator, treat chronic pain syndromes through non-invasive neuromodulation technology. Additionally, the company commercializes its handheld, and personal use Truvaga™ and TAC-STIM™ nVNS products utilizing bioelectronic technologies to promote general wellness and human performance.

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 the anticipated results from the study using gammaCore-Sapphire for adjunctive treatment of symptoms associated with PTSD, the Company’s relationship with the Vagus Nerve Society and Acacia Clinics, the Company’s future business strategies, growth opportunities, prospects, product development, and market expansion, and other statements that are not historical in nature, particularly those that utilize terminology such as “anticipates,” “will,” “expects,” “believes,” “intends,” and 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 use strategic partnerships to provide more accessibility to those looking to purchase our consumer devices, the inherent uncertainties associated with developing new products or technologies, the ability to commercialize its products, electroCore’s results of operations and financial performance, inflation and currency fluctuations, and any expectations electroCore may have with respect thereto, competition in the industry in which electroCore operates and overall economic and market conditions. Any forward-looking statements are made as of the date of this press release, and electroCore assumes no obligation to update the 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 consult all of the information set forth herein and should also refer to the risk factor disclosure set forth in the reports and other documents electroCore files with the SEC available at www.sec.gov.

Contact:

ECOR Investor Relations
(973) 302-9253
investors@electrocore.com


FAQ

What is electroCore (ECOR) studying with gammaCore Sapphire for PTSD?

A research study testing non-invasive vagus nerve stimulation as an adjunctive treatment, measuring safety and change in CAPS-5 scores at 12 weeks.

How many patients will the ECOR PTSD study enroll and what is the timeline?

The study will enroll up to 40 adults aged 18–70 and is anticipated to run over 10 months.

What are the primary safety and efficacy outcomes in the ECOR PTSD trial?

Primary safety is incidence of treatment‑related SAEs; primary efficacy is difference from baseline in CAPS-5 total score at 12 weeks.

Who is sponsoring and leading the ECOR PTSD study?

The study is sponsored by the Vagus Nerve Society, led by Danielle DeSouza MSc, PhD at Acacia Clinics, with electroCore providing devices and a grant.

Will the ECOR PTSD study use patient self-report measures?

Yes; a secondary efficacy outcome includes change in the PCL-5 20‑item self‑report checklist at 12 weeks.