We are a commercial-stage medical technology company focused on saving teeth from tooth decay, the most prevalent chronic disease globally. We have developed the GentleWave System, an innovative technology platform designed to treat tooth decay by cleaning and disinfecting the microscopic spaces within teeth without the need to remove tooth structure. Our initial focus is on leveraging the GentleWave System, the first and only FDA-cleared system for root canal therapy, or RCT, that employs a sterilized, single-use procedure instrument, to transform RCT by addressing the limitations of conventional methods. The system uses our proprietary mechanism of action, which combines procedure fluid optimization, broad-spectrum acoustic energy and advanced fluid dynamics, to debride and disinfect deep regions of the complex root canal system in a less invasive procedure that preserves tooth structure.
The clinical benefits of our GentleWave System when compared to conventional RCT methods include improved clinical outcomes, such as superior cleaning that is independent of root canal complexity and tooth anatomy, high and rapid rates of healing and minimal to no post-operative pain. The GentleWave System can also improve the workflow and economics of dental practices.
We began scaling commercialization of our current technology in 2017. We are focused on establishing the GentleWave Procedure as the standard of care for RCT. As of June 30, 2021, we had an installed base of over 700 GentleWave Systems, and we have treated more than 600,000 patients.
(Note: Sonendo, Inc. priced its IPO on Oct. 28, 2021, at $12 – $3 below the bottom of its $15-to-$17 price range – on 7.8 million shares, the same number of shares in the prospectus, to raise $93.6 million.)
|Industry:||Surgical & Medical Instruments - Dental Surgery|
|Address||26061 Merit Circle, Suite 102 Laguna Hills, CA 92653|
|Phone Number||(949) 766-3636|
|View Prospectus:||Sonendo, Inc.|
|Revenues||$30.3 mil (last 12 months)|
|Net Income||$-45.3 mil (last 12 months)|
|Price range||$12.00 - $12.00|
|Est. $ Volume||$93.6 mil|
|Manager / Joint Managers||BofA Securities/ Goldman Sachs/ Piper Sandler/ Stifel|
|Expected To Trade:||10/29/2021|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|