electroCore Announces Issuance of Two New U.S. Patents

Rhea-AI Summary

electroCore (Nasdaq: ECOR) announced the issuance of two new patents by the USPTO, enhancing its non-invasive vagus nerve stimulation (nVNS) technology. The first patent, U.S. Patent No. 11,511,109, relates to treating gastroparesis and functional dyspepsia with nVNS methods. The second patent, U.S. Patent No. 11,517,742, covers devices and methods for treating various disorders using nVNS. CEO Dan Goldberger highlighted that these patents broaden the application of nVNS therapy beyond migraines and cluster headaches, reflecting the company's commitment to innovation.

Positive

• Issuance of two new patents strengthens the company's nVNS technology portfolio.
• Broadens potential applications for nVNS beyond migraines and cluster headaches.
• Enhances intellectual property protection, potentially increasing market competitiveness.

Negative

• None.

ROCKAWAY, N.J., Dec. 07, 2022 (GLOBE NEWSWIRE) -- electroCore, Inc. (Nasdaq: ECOR), a commercial-stage bioelectronic medicine company, today announced that the United States Patent and Trademark Office (USPTO) has issued two patents related to its non-invasive vagus nerve stimulation (nVNS) technology to electroCore, including the following patents:

• U.S. Patent No. 11,511,109 entitled “Non-invasive Magnetic or Electrical Nerve Stimulation to Treat Gastroparesis, Functional Dyspepsia, and other Functional Gastrointestinal Disorders” issued on November 29, 2022. This patent is generally related to methods for treating gastroparesis, functional dyspepsia and/or ileus with nVNS. The methods include transmitting an electrical current through an outer skin surface (both the ear and/or the neck) of a patient having a frequency of 1 kHz to 20 kHz.

• U.S. Patent No. 11,517,742 entitled “Non-invasive Vagal Nerve Stimulation to Treat Disorders” issued on December 6, 2022. This patent is generally related to devices and methods for treating any disorder in a patient with nVNS using an electric current having a frequency of about 1 kHz to about 10 kHz and a duty cycle of about 1% to about 10%.

“The issuance of these two new patents continues to broaden and strengthen the usage of our nVNS therapy across multiple indications and methods,” Dan Goldberger, Chief Executive Officer of electroCore. “We are pleased with the expansion of our patent portfolio as it allows us to continue advancing our powerful technology and positions us to further explore the role of nVNS for other conditions beyond migraines and cluster headaches.”

About electroCore, Inc.
electroCore, Inc. is a commercial stage bioelectronic medicine company dedicated to improving patient outcomes through its non-invasive vagus nerve stimulation therapy platform, initially focused on the treatment of multiple conditions in neurology. The company's current indications are the preventive treatment of cluster headache and migraine, the acute treatment of migraine and episodic cluster headache, the acute and preventive treatment of migraines in adolescents, and paroxysmal hemicrania and hemicrania continua in adults.
For more information, visit www.electrocore.com.

About gammaCore™
gammaCore™ (nVNS) is the first non-invasive, hand-held medical therapy applied at the neck to treat migraine and cluster headache through the utilization of a mild electrical stimulation to the vagus nerve that passes through the skin. Designed as a portable, easy-to-use technology, gammaCore is self-administered by patients, as needed, without the potential side effects associated with commonly prescribed drugs. When placed on a patient’s neck over the vagus nerve, gammaCore stimulates the nerve’s afferent fibers, which may lead to a reduction of pain in patients.

gammaCore (nVNS) is FDA cleared in the United States for adjunctive use for the preventive treatment of cluster headache in adult patients, the acute treatment of pain associated with episodic cluster headache in adult patients, and the acute and preventive treatment of migraine in adolescent (ages 12 and older) and adult patients, and paroxysmal hemicrania and hemicrania continua in adult patients. gammaCore is CE-marked in the European Union for the acute and/or prophylactic treatment of primary headache (Migraine, Cluster Headache, Trigeminal Autonomic Cephalalgias and Hemicrania Continua) and Medication Overuse Headache in adults.

gammaCore is contraindicated for patients if they:

• Have an active implantable medical device, such as a pacemaker, hearing aid implant, or any implanted electronic device
• Have a metallic device, such as a stent, bone plate, or bone screw, implanted at or near the neck
• Are using another device at the same time (e.g., TENS Unit, muscle stimulator) or any portable electronic device (e.g., mobile phone)

Safety and efficacy of gammaCore have not been evaluated in the following patients:

• Adolescent patients with congenital cardiac issues
• Patients diagnosed with narrowing of the arteries (carotid atherosclerosis)
• Patients who have had surgery to cut the vagus nerve in the neck (cervical vagotomy)
• Pediatric patients (less than 12 years)
• Pregnant women
• Patients with clinically significant hypertension, hypotension, bradycardia, or tachycardia

For more information, please visit gammaCore.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; its pipeline or potential markets for its technologies; the timing, outcome and impact of regulatory, clinical and commercial developments; the issuance of US and international patents 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.

Investors:
Rich Cockrell
CG Capital
404-736-3838
ecor@cg.capital

FAQ

What patents were issued to electroCore on December 6, 2022?

electroCore was issued U.S. Patent No. 11,517,742 related to non-invasive vagus nerve stimulation for treating various disorders.

How does the new patent for nVNS technology impact electroCore?

The new patents expand the applications of electroCore's nVNS technology, which may improve market potential and revenue opportunities.

What is the significance of U.S. Patent No. 11,511,109 for electroCore?

This patent pertains to methods for treating gastroparesis and functional dyspepsia using nVNS, broadening the therapeutic indications.

What is electroCore's current focus with its nVNS technology?

electroCore focuses on treating conditions in neurology, initially targeting migraines and cluster headaches.

What statements did CEO Dan Goldberger make regarding the new patents?

Dan Goldberger stated that the patents broaden the usage of their nVNS therapy across multiple indications, underscoring the company's strategic focus.