Third Pole

Third Pole

Develops medical devices for cardiopulmonary treatment

About

Third Pole Therapeutics focuses on creating solutions for cardiopulmonary diseases, primarily through medical devices and pharmaceuticals. Their main product is a portable inhaled nitric oxide device that helps improve blood flow and oxygen delivery for patients with heart and lung conditions. They also offer eNOfit, a wearable platform for continuous nitric oxide delivery, which aids in managing chronic conditions. Unlike competitors, Third Pole emphasizes partnerships with other medical companies to enhance their market presence and product offerings. Their goal is to improve patient care and expand treatment options while adhering to high quality and compliance standards.

Company Stage

Debt Financing

Employees

11-50

Industries

Biotechnology, Healthcare

Total Funding

$93.1M

Headquarters

Waltham, Massachusetts

Founded

2014


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Simplify's Take

What believers are saying

  • Third Pole received a $32M investment to accelerate its tankless iNO platform development.
  • The FDA's Breakthrough Devices Program could expedite Third Pole's product approvals.
  • Growing demand for portable medical devices boosts Third Pole's market expansion potential.

What critics are saying

  • Potential competition from similar nitric oxide delivery systems could impact market share.
  • Delays in FDA approval for eNOcare™ could hinder market entry and revenue growth.
  • Reliance on strategic partnerships poses risks if partnerships do not materialize as expected.

What makes Third Pole unique

  • Third Pole offers a tankless inhaled nitric oxide device, unlike traditional tank-gas systems.
  • Their eNOfit platform is the first wearable drug-making platform for nitric oxide delivery.
  • Third Pole's products target cardiopulmonary diseases, a niche with limited advanced solutions.

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Growth & Insights
Headcount

6 month growth

-13%

1 year growth

3%

2 year growth

3%

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