Company profile: Sooma Medical
1.1 - Company Overview
Company description
- Provider of non-invasive tDCS-based brain stimulation therapies and devices for depression and chronic pain. Offers Sooma Duo, integrating a tDCS device with a digital platform for remote patient guidance and clinical management; Sooma Depression Therapy for MDD; Sooma Pain Therapy for fibromyalgia and chronic neuropathic pain; and a portable tDCS device with accessories and an online platform.
Products and services
- Sooma Depression Therapy: tDCS-based treatment for Major Depressive Disorder, delivering electrical current to prefrontal brain areas to address depression through targeted stimulation
- Sooma Duo: remote-capable system combining a tDCS device with a digital platform, enabling remote patient guidance and comprehensive clinical management of treatment sessions
- Sooma Pain Therapy: tDCS-based treatment for Fibromyalgia and Chronic Neuropathic pain, targeting the motor cortex to modulate pain processing.
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Sooma Medical
Oscine Therapeutics
HQ: United States
Website
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- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
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- Total funding raised: $●●●m
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Remedy Pharmaceuticals
HQ: United States
Website
- Description: Provider of clinical-stage small molecule drug therapies for acute central nervous system disorders, developing treatments that target NCCa-ATP channels in traumatic brain injury, stroke, and spinal cord injury, including RP-1127, an intravenous glyburide inhibitor acting through type-1 sulfonylurea antagonism.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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Achieve Life Sciences
HQ: United States
Website
- Description: Provider of specialty pharmaceutical products, manufacturing and developing cytisinicline, a plant-based alkaloid for nicotine addiction, including smoking and e-cigarette cessation, that interacts with nicotine receptors to reduce withdrawal symptoms and the reward associated with nicotine products.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
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Aeon Biopharma
HQ: United States
Website
- Description: Provider of biopharmaceutical therapies, developing novel and proprietary treatment paradigms to improve patient outcomes.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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Knopp Biosciences
HQ: United States
Website
- Description: Provider of clinical-stage small-molecule treatments, including dexpramipexole for eosinophilic asthma and a Kv7 platform for epilepsy and other hyperexcitability disorders; engaged in drug discovery and development for neurological disorders.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Sooma Medical
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Sooma Medical
2.2 - Growth funds investing in similar companies to Sooma Medical
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4 - Top valuation comps for Sooma Medical
4.2 - Public trading comparable groups for Sooma Medical
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