electroCore, Inc. Announces Distribution Agreement With Reliefband Technologies, LLC
Portfolio Pulse from Happy Mohamed
electroCore, Inc. (NASDAQ:ECOR) has announced a distribution agreement with Reliefband Technologies, LLC. Under the agreement, electroCore will exclusively distribute and bill for Reletex by Reliefband, a non-invasive neuromodulation device for nausea and vomiting, within the Department of Veterans Affairs (VA) and other Federal Supply Schedule (FSS) eligible entities.
July 13, 2023 | 12:13 pm
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POSITIVE IMPACT
The distribution agreement with Reliefband Technologies could potentially increase electroCore's revenue and market presence, especially within the VA and other FSS entities.
The distribution agreement allows electroCore to exclusively distribute and bill for Reliefband's Reletex device within the VA and other FSS entities. This could potentially increase electroCore's revenue and expand its market presence, especially within these entities. However, the actual impact will depend on the adoption rate of the Reletex device.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100