ElectroCore's Stock Is Trading Higher After Its Nerve Stimulator Wins Canadian Approval For Migraine

  • Health Canada has approved ElectroCore Inc's ECOR gammaCore Sapphire family of products to prevent and treat migraine and cluster headache.
  • GammaCore Sapphire will be distributed in Canada by RSK Medical Inc, under an exclusive distribution agreement announced in January this year. The initial term of the agreement is three years.
  • In February this year, the FDA approved an expanded label of gammaCore nVNS to include the acute and preventive treatment of migraine in adolescents between 12 and 17. 
  • Earlier in March, Australia's regulatory authority approved the device for primary headache disorders.
  • GammaCore non-invasive vagus nerve stimulator is a non-invasive, hand-held medical therapy applied at the neck as an adjunctive therapy to treat migraine and cluster headache.
  • It utilizes mild electrical stimulation to the vagus nerve that passes through the skin. 
  • Price Action: ECOR shares are up 7.9% at $2.19 on the last check Monday.
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