Electrocore Stock Price, News & Analysis

On October 20, 2021, electroCore, Inc. (Nasdaq: ECOR) announced a peer-reviewed study in the British Journal of Healthcare Management evaluating prescribing trends for gammaCore in treating cluster headaches in England from April 2019 to 2020. The study involved 655 patients, revealing that 46.3% continued treatment with at least one refill and 30.9% required two or more refills. This suggests a durable benefit of gammaCore's non-invasive vagus nerve stimulation (nVNS) therapy. The NHS’s reimbursement program and favorable cost-saving implications were also highlighted.

electroCore has received an amended Medical Device License from Health Canada for gammaCore nVNS to treat migraine in adolescents aged 12-17. This expansion allows for both acute and preventive treatment of migraine, providing a non-drug option in a field with limited treatments for young patients. The decision is based on positive data, including a study showing 46.8% attack resolution without additional medication. The device is now available in Canada through RSK Medical Inc., enhancing options for managing primary headache disorders.

electroCore, Inc. (Nasdaq: ECOR) anticipates approximately $1.5 million in revenue for Q3 2021, reflecting a 15% increase from the previous quarter and 36% growth year-over-year. The company reported net cash used for operations was around $3.5 million, with cash reserves reaching $39 million by September 30. Revenue from government channels was approximately $946,000, up from $779,000 in Q2 2021. International sales contributed $371,000. The company raised about $18.8 million through a public offering.

On September 30, 2021, electroCore, Inc. (NASDAQ: ECOR) announced the rescheduling of its presentation at the Cantor Fitzgerald Virtual Global Healthcare Conference to the same day at 12:40 PM EDT. Investors interested in the presentation can register for the conference through the provided link. Following the event, a replay of the webcast will be available on the company's investor section of its website. electroCore focuses on bioelectronic medicine, particularly using non-invasive vagus nerve stimulation for treating various neurological conditions.

On September 29, 2021, electroCore (Nasdaq: ECOR) released findings from the SAVIOR-1 study, which evaluated the use of non-invasive vagus nerve stimulation (nVNS) during COVID-19 treatment. Conducted in Spain, the study enrolled 110 patients and demonstrated significant reductions in inflammation biomarkers, specifically C-reactive protein and procalcitonin, among nVNS patients compared to controls. The therapy was well-tolerated, administered three times daily, and suggested potential benefits in managing COVID-19 symptoms. The manuscript is now available on MedRxiv and under peer review.

electroCore, a commercial-stage bioelectronic medicine company, announced its management will present at the Cantor Fitzgerald Virtual Global Healthcare Conference on September 30, 2021, at 8:15 am EDT. The conference runs from September 27 to 30, 2021. Investors can register for the event HERE.. Additionally, the company will attend the MicroCap Rodeo: Fall Harvest Best Ideas Conference from October 5-8, 2021.

electroCore, Inc. (Nasdaq: ECOR) announced the appointment of Peter Cuneo as Chairman of the Board, effective October 1, 2021. Cuneo, who joined the board in April 2020, succeeds Mike Atieh but will remain an independent director. With over 35 years of experience, Cuneo has led various successful companies including Marvel Entertainment and Remington Products. CEO Dan Goldberger expressed confidence in Cuneo's leadership to drive the company’s future, particularly in expanding its gammaCore therapy for treating migraine and cluster headaches.

electroCore, Inc. (Nasdaq: ECOR) announced the issuance of US Patent No. 11,097,102 by the U.S. Patent Office, expanding its portfolio of smartphone-integrated non-invasive therapy devices. This patent is part of the company's strategy to leverage mobile connectivity in delivering Vagus Nerve Stimulation (nVNS) therapy. The integration could enable new business models and revenue streams through Remote Patient Monitoring. The company aims to enhance its product offerings and patient care, potentially reaching millions globally.

electroCore, Inc. (Nasdaq: ECOR) announced FDA clearance for gammaCore nVNS's label expansion to treat Paroxysmal Hemicrania (PH) and Hemicrania Continua (HC) in adults, effective September 10, 2021. This non-invasive treatment shows promise for patients suffering from these rare types of headaches, with clinical audits indicating that 79% of patients experienced significant relief. gammaCore is also already indicated for cluster headaches. This clearance opens up new treatment avenues for debilitating headache conditions, offering patients a much-needed alternative.