Electrocore Stock Price, News & Analysis

electroCore (Nasdaq: ECOR), a bioelectronic medicine company, has announced a partnership with Silvert Medical to distribute its gammaCore Sapphire non-invasive vagus nerve stimulator in Belgium, Luxembourg, the Netherlands, and France. This agreement, effective for three years, marks a significant step in expanding the reach of gammaCore, aimed at treating chronic migraine and cluster headaches. Eric Silvert, Managing Director of Silvert Medical, expressed enthusiasm about this collaboration, while electroCore's VP of European Operations emphasized their goal in enhancing patient care in these territories.

electroCore, Inc. (Nasdaq: ECOR) has shared insights on managing COVID-19 symptoms as new cases rise, with 97,309 reported. Chief Medical Officer Peter Staats highlights at-home strategies for symptoms like confusion, migraines, cough, and trouble breathing. The gammaCore Sapphire™ (nVNS) device is mentioned for migraine relief and asthma-related symptoms in COVID patients. Recommendations include hydration, rest, and consulting healthcare providers for persistent issues. The press release emphasizes continued health precautions even post-vaccination.

electroCore, Inc. (Nasdaq: ECOR) reported a 46% increase in full-year 2020 net sales, totaling approximately $3.5 million compared to $2.4 million in 2019. The fourth quarter saw net sales of around $928,000, up 38% year-over-year. The company also reduced net cash usage to $3.7 million in Q4 2020 from $4.1 million in Q3 2020. Cash and equivalents were $22.6 million as of December 31, 2020. The establishment of a unique reimbursement code and multiple distribution agreements highlight significant operational progress.

electroCore (Nasdaq: ECOR) will announce its financial results for Q4 and the fiscal year ending December 31, 2020, after market close on March 11, 2021. A conference call is scheduled for 4:30 PM ET for management to discuss the results. The company focuses on bioelectronic medicine, particularly through non-invasive vagus nerve stimulation therapy, addressing conditions such as cluster headaches and migraines in adults and adolescents.

electroCore, Inc. (Nasdaq: ECOR) announced participation in two investor conferences. The first is the H.C. Wainwright Global Life Sciences Conference, featuring a pre-recorded fireside chat available from March 9, 2021, at 7:00 a.m. ET. The second is the M Vest LLC and Maxim Group LLC Emerging Growth Virtual Conference, starting with a presentation on March 17, 2021, at 9:00 a.m. ET. Both events will include virtual investor meetings and replays will be accessible on the company's website for 90 days.

electroCore, Inc. (Nasdaq: ECOR) has entered a three-year agreement with Medistar, making them the exclusive distributor of the gammaCore Sapphire™ non-invasive vagus nerve stimulator in Australia. This follows the Australian Therapeutic Goods Administration's approval for the sale of gammaCore products. The partnership aims to provide patients suffering from primary headache disorders with access to this innovative therapy. Medistar will officially launch gammaCore at the ANZHS Headache Annual Scientific Meeting on March 13-14, 2021.

electroCore, Inc. (Nasdaq: ECOR) has announced the completion of patient enrollment for its SAVIOR-1 study, which evaluates the impact of non-invasive vagus nerve stimulation (nVNS) on respiratory symptoms in COVID-19 patients. This significant step aims to uncover potential therapeutic benefits for respiratory distress caused by the virus. Dr. Carlos Tornero highlights the promise of vagus nerve stimulation in treating respiratory functions. The study is backed by electroCore and underscores the ongoing search for effective COVID-19 treatments.

electroCore (Nasdaq: ECOR) announced that gammaCore will remain listed in the NHS Supply Chain catalogue for an additional two years, extending its availability through June 3, 2023. This listing allows NHS trusts to continuously procure gammaCore Sapphire™ (nVNS), facilitating better access for patients in the UK needing non-invasive vagus nerve stimulation for migraine and cluster headache treatments. The inclusion is pivotal for ensuring that this innovative therapy is accessible and cost-effective for healthcare organizations amid budgetary constraints.

electroCore (Nasdaq: ECOR) announced FDA clearance on February 12, 2021, for its gammaCore device, now allowing its use in treating migraines in adolescents aged 12 to 17. This label expansion covers acute and preventive treatment for various headache types. With an estimated 10% of school-age children experiencing migraines, this development positions gammaCore as a unique non-pharmaceutical treatment option. The clearance supports prior trials showing significant effectiveness in migraine management without acute medication reliance.