TIVIC HEALTH SYSTEMS, INC.
Tivic Health Systems, Inc. is a commercial-phase bioelectronic medicine company focused on inflammation. Our first product, ClearUP™ Sinus Relief (“ClearUP”), is a patented handheld device that uses ultra-low current electrical waves to relieve symptoms of sinus and nasal inflammation. ClearUP is a US FDA Class II and EU Class IIa medical device that has received three regulatory clearances: (US FDA 510(k) number K182025, US FDA De Novo number DEN200006 and EU CE Mark Certificate number CE 704687). ClearUP consistently gets high ratings from consumers across multiple sales platforms (Walgreens, Walmart, Amazon.com and Best Buy) .
Bioelectronic medicine treats disease and conditions by modulating the electrical signals carried along various nerve pathways. The field grew out of the multi-billion-dollar neuromodulation industry and relied, historically, on implantable devices (e.g. pacemakers, spinal implants, deep brain stimulators). We have shown that ClearUP, a non-invasive bioelectronic therapy, can safely and comfortably deliver therapeutic benefits with a favorable safety profile.
We have brought bioelectronic medicine to the home treatment market for nasal allergies, sinus infections, chronic sinusitis, cold and flu. This $9.9 billion U.S. market is dominated by pharmaceuticals.
We are currently preparing a second-generation version of ClearUP (“ClearUP Gen 2”) for market. Covered by the same patents, our ClearUP Gen 2 version of ClearUP is designed to lower cost for high-volume manufacturing and distribution. (See prospectus for regulatory discussion.)
Jennifer Ernst is a co-founder and has served as our CEO and as a director since September 2016. She was our CFO from September 2016 to July 2021. Previously, Ms. Ernst served as the CEO of the U.S. subsidiary of Thin Film Electronics ASA from April 2011 to December 2015. Ms. Ernst also worked for Xerox PARC for over 20 years, where she held multiple go-to-market roles, including as the Director of Business Development.
|Industry:||Electromedical & Electrotherapeutic Apparatus|
|Address||39899 Balentine Drive, Suite 200 Newark, CA 94560|
|Phone Number||(888) 276-6888|
|View Prospectus:||TIVIC HEALTH SYSTEMS, INC.|
|Revenues||$1.16 mil (last 12 months)|
|Net Income||$-4.5 mil (last 12 months)|
|Price range||$5.00 - $6.00|
|Est. $ Volume||$15.0 mil|
|Manager / Joint Managers||ThinkEquity|
|Expected To Trade:|
|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|