Cognito Therapeutics

Cognito Therapeutics

Develops non-invasive neuromodulation devices for neurodegeneration

About

This medical technology startup is dedicated to addressing the challenges of neurodegenerative diseases, particularly Alzheimer's, through the development of a non-invasive neuromodulation device. The company fosters a culture of innovation and collaboration, empowering its team to push the boundaries of medical research and technology. With a strong leadership team and a focus on improving patient outcomes, it is well-positioned to make a significant impact in the healthcare sector.

Company Stage

Series B

Employees

51-200

Industries

Hardware, Biotechnology, Healthcare

Total Funding

$153.7M

Headquarters

Cambridge, Massachusetts

Founded

2016


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Simplify's Take

What believers are saying

  • The recent $60M equity investment will accelerate product development and company expansion, enhancing growth prospects.
  • Positive results from the OVERTURE II study and FDA Breakthrough Device Designation position Spectris™ as a promising treatment for Alzheimer's, potentially revolutionizing patient care.
  • Presentations at high-profile conferences like ISPOR and AAN increase Cognito's visibility and credibility in the medical community.

What critics are saying

  • The high costs and lengthy timelines associated with clinical trials could delay product commercialization and revenue generation.
  • Dependence on regulatory approvals and successful trial outcomes introduces significant uncertainty and potential setbacks.
  • The competitive landscape in Alzheimer's treatment is intense, with numerous companies vying for market share, which could impact Cognito's growth and profitability.

What makes Cognito Therapeutics unique

  • Cognito Therapeutics focuses on non-invasive neuromodulation for neurodegenerative diseases, a niche yet impactful area in MedTech.
  • The company's proprietary device, Spectris™, has received FDA Breakthrough Device Designation, highlighting its innovative approach and potential efficacy.
  • Cognito's extensive clinical trials and published results in peer-reviewed journals underscore its commitment to evidence-based treatment solutions.

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Growth & Insights
Headcount

6 month growth

36%

1 year growth

-9%

2 year growth

36%

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