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. Additionally, they have developed eNOfit, a wearable platform that allows for continuous and controlled delivery of nitric oxide, which is significant for managing chronic conditions. Unlike many competitors, Third Pole emphasizes partnerships with other medical companies to enhance their market reach and product offerings. Their goal is to improve patient care and expand treatment options in the cardiopulmonary field while adhering to high standards of quality and compliance.

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 raised $32M to accelerate its tankless inhaled nitric oxide platform.
  • The wearable health tech trend supports integration of Third Pole's eNOfit with health devices.
  • Telehealth expansion facilitates home use of Third Pole's devices, reducing hospital visits.

What critics are saying

  • Potential competition from similar nitric oxide delivery systems could impact market share.
  • Regulatory hurdles in FDA approval may delay product launches and affect revenue.
  • 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 delivery system, unlike traditional tank-gas.
  • Their eNOfit platform is the first wearable drug-making platform for nitric oxide.
  • Third Pole's technology aligns with sustainable healthcare trends, reducing waste and environmental impact.

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Growth & Insights
Headcount

6 month growth

-54%

1 year growth

-60%

2 year growth

-54%

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