electroCore, Inc. Announces Agreement with Spark Biomedical Inc. to Distribute Sparrow Ascent for Opioid Withdrawal
February 27 2025 - 7:00AM
electroCore, Inc. (Nasdaq: ECOR), a commercial-stage bioelectronic
medicine and wellness company, announced today that Sparrow
Ascent™ by Spark Biomedical, an FDA cleared non-invasive
transcutaneous auricular neuromodulation device available by
prescription for the treatment of opioid withdrawal symptoms, will
be distributed by electroCore, Inc. within certain Department of
Veterans Affairs (VA) facilities.
“At Spark Biomedical, we are dedicated to
pioneering drug-free, wearable neurostimulation solutions that
address critical gaps in addiction treatment," said Daniel Powell,
Chief Executive Officer of Spark Biomedical, Inc. "This partnership
with electroCore represents a significant step forward in expanding
access to the Sparrow Ascent™ within VA facilities, offering
veterans a clinically validated, FDA-cleared, non-invasive
treatment for opioid withdrawal symptoms. By leveraging
electroCore’s established distribution network, we can help more
veterans begin their journey to recovery with an effective,
drug-free option.”
“We are thrilled to be adding the Sparrow Ascent
treatment into our distribution network within the VA hospital
system,” commented Dan Goldberger, Chief Executive Officer of
electroCore. “We have made considerable progress building our
commercial sales organization and continue to look for unique and
complementary therapies which can be made available to our customer
base. The drug-free, non-addictive, wearable Sparrow Ascent therapy
is ideal for veterans suffering from opioid withdrawal symptoms,
and we believe it will be well adopted by customers who utilize
neuromodulation devices such as our existing gammaCore™ therapy to
treat medical conditions.”
About Spark BiomedicalSpark Biomedical, Inc. is
a leading U.S.-based medical device developer, committed to
unlocking the potential of bioelectronic medicine and bringing to
market novel wearable neurostimulation treatment options in
behavioral health, women’s health, hemostasis, pediatrics, and
chronic pain.
Spark leverages its neuroscience and engineering
expertise to empower healthcare providers and researchers with
innovative, evidence-based tools designed to address complex care
situations which exceed the capabilities of existing treatment
options. Spark has received funding from federal institutions, such
as the NIH and DoD, and continues to partner with private and
academic institutions. Spark Biomedical is empowering a better way
forward for the future of patient care and medical technology.
For more information, visit
sparkmedical.com.
About electroCore,
Inc.electroCore, Inc. is a commercial stage bioelectronic
medicine and wellness company dedicated to improving health and
promoting general wellness through its non-invasive vagus nerve
stimulation (“nVNS”) technology platform. The Company is focused on
commercializing medical devices for managing and treating certain
medical conditions and consumer product offerings utilizing nVNS to
promote general wellbeing and human performance in the United
States and select overseas markets.
For more information, visit www.electrocore.com.
Forward-Looking StatementsThis 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 company’s business
prospects for distribution of Sparrow Ascent™ for opioid withdrawal
symptoms within certain VA facilities or other new markets or other
distribution agreements and other statements that are not
historical in nature, particularly those that utilize terminology
such as "anticipates," "will," "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 raise
the additional funding needed to continue to pursue electroCore’s
business and product development plans, the inherent uncertainties
associated with developing new products or technologies, the
ability to commercialize gammaCore™, competition in the industry in
which electroCore operates and overall 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)
302-9253investors@electrocore.com
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