Tivic Health Systems, Inc. - TIVC STOCK NEWS

Tivic Health Systems (Nasdaq: TIVC) announced an expansion of its post-operative pain clinical study to include patients from Otolaryngology and Facial Plastic Surgery. This initiative aims to explore a drug-free alternative to opioids in managing post-surgery pain, amidst the national opioid crisis. With over one million nasal and sinus surgeries performed annually in the U.S., the study signifies a shift towards optimizing pain management practices.

Tivic is collaborating with a leading international hospital and has gained approval to include candidates undergoing rhinoplasty and facial surgeries in addition to functional endoscopic sinus surgeries. The company believes this therapeutic approach can provide a significant option for patients and healthcare providers.

Tivic Health Systems, Inc. (Nasdaq: TIVC) has entered a research collaboration with The Feinstein Institutes for Medical Research to conduct a pilot clinical study on a non-invasive bioelectronic device for vagus nerve stimulation. This collaboration aims to understand the on- and off-target effects of non-invasive vagal stimulation, with a study involving 20 participants and data analysis from the Neural and Data Science Autonomic Nervous System monitoring lab. Tivic's CEO, Jennifer Ernst, expressed optimism about expanding their bioelectronic solutions to include vagus nerve pathways, which could enhance their proprietary offerings in the field. The study represents a strategic step toward validating new treatment approaches for autonomic conditions.

Tivic Health, a health technology company listed on Nasdaq as TIVC, has filed its first patent for Vagus Nerve Stimulation with the U.S. Patent Office. This move expands its intellectual property into new clinical targets, focusing on non-invasive approaches with the potential for superior efficacy. The vagus nerve plays a key role in regulating several vital organs and has shown effectiveness in treating conditions like treatment-resistant depression and epilepsy. Tivic aims to enhance its proprietary footprint in bioelectronic medicine through this innovation. Currently, the company holds five issued U.S. patents and has twenty pending patents. Tivic's first product, ClearUP, is FDA-approved for treating inflammation symptoms.

Tivic Health® Systems, Inc. (Nasdaq: TIVC) reported a 46% increase in revenue for the year ending December 31, 2022, reaching $1.8 million, driven by a 22% unit sales growth and a minor price increase. Direct-to-consumer sales surged by 114% to $1.6 million, while reseller channel revenue fell 32% to $416,000. Gross profit improved significantly to $299,000 from a loss of $38,000 in 2021. However, R&D and marketing expenses rose, totaling $1.7 million and $2.8 million respectively. As of December 31, 2022, cash stood at $3.5 million, free of debt. CEO Jennifer Ernst acknowledged supply chain challenges but expressed optimism for 2023 growth.