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Echo Therapeutics

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uuid0006rf9

Namestring
Echo Therapeutics
Websiteurl
echotx.com
Company typeenum
Public
Founded yearint
1989
Descriptiontext

Echo Therapeutics (OTCMKTS: ECTE) is a Philadelphia-based, publicly traded medical device company developing the Symphony tCGM System, a non-invasive (needle-free) continuous glucose monitor targeting insulin-dependent diabetes patients. The platform is positioned as an alternative to incumbent needle-based CGM devices and serves a global diabetes population stated at over 537 million adults. The company's core technology rests on continuous glucose monitoring sensor capability, consolidated historically through the 2007 acquisition of Sontra Medical. No pricing model, distribution channels, marketing channels, named customers, or commercial revenue are disclosed in the available data, indicating a pre-commercial or very early commercial stage.

The company has funded operations through a series of equity and debt-style financings totaling approximately $44.7 million across at least ten disclosed rounds between 2009 and 2016, with named institutional participation from Platinum-Montaur Life Sciences, Medical Technologies Innovation Asia, and Platinum Partners. Round sizes peaked in 2013 at $12.5M and $10M and have since declined to $4M (2014) and $1.8M (2016), suggesting tightening access to capital. The leadership team is small and includes a Founder/CEO (Patrick Mooney), a President/CEO (Scott W. Hollander), a combined CEO/CFO (Alan Schoenbart), a VP of Marketing & Commercial Development (David Walton), and a VP of Manufacturing & Global Supply Chain (Dan Sunday), consistent with a clinical-stage device company preparing for commercial manufacturing and launch. No FDA approvals, clinical milestones, partnerships, patents, or commercial agreements are documented in the source data, and the financial figures provided contain implausibly large values that appear to be data errors, leaving a significant gap in verified operating performance.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersPhiladelphia, United States
HQ citystring
Philadelphia
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
continuous glucose monitoring, non-invasive diagnostics, diabetes management devices, needle-free biosensors, transdermal monitoring
Industry1 code
1Continuous Glucose Monitoring (CGM) Systems
CodeHLAHAHAAPrimaryYes
NAICS code1 code
  • Electromedical and Electrotherapeutic Apparatus Manufacturing334510
SIC code1 code
  • Surgical & Medical Instruments & Apparatus3841
Product category
Continuous Glucose Monitoring Devices
Social media profiles3 records
Cost components5 values
Personnel, Technology or R&D, Operations, Supply Chain, Marketing or Sales
GTM typeB2C
B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Echo Therapeutics develops the Symphony tCGM System, a novel, non-invasive (needle-free) continuous glucose monitoring system intended for diabetes patients. The system delivers continuous glucose visibility and automated alerts to help insulin-dependent patients manage blood glucose levels more effectively.

Differentiator
Functional benefit
Problem solved
Product and service1 record
1Symphony tCGM System
CategoryContinuous Glucose Monitoring Devices
Description

A novel, non-invasive (needle-free) continuous glucose monitoring system designed for diabetes patients, particularly insulin-dependent individuals. The system provides continuous glucose visibility and automated alerts to support blood glucose management.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Dexcom is the leading dedicated CGM manufacturer worldwide with ~24% market share. It sells factory-calibrated CGM systems with smartphone connectivity and integrated insulin pump compatibility - directly competing with Echo's planned needle-free tCGM within the same diabetes patient population.

TypeEmerging player
Description

GlySens is a private company developing a fully implanted long-term CGM sensor (Eclipse). As an early-stage player in needle-free / implant-based glucose sensing, it competes on similar CGM form-factor differentiation in the same diabetes technology category.

TypeDirect peer
Description

Abbott's FreeStyle Libre is the highest-volume CGM franchise on the market (~28% share, multiple millions of users) and the dominant needle-free applicator incumbent. Echo's Symphony positions against FreeStyle Libre on disposability, wear-time, and skin prep - making Abbott the closest direct CGM competitor.

TypeDirect peer
Description

Nova Biomedical manufactures StatStrip glucose and ketone hospital meters and is developing an in-hospital CGM. Comparable in size and stage to Echo, it competes on glucose monitoring accuracy and clinical use cases relevant to Echo's diabetes patient segment.

TypeDirect peer
Description

Senseonics produces Eversense, the only long-term implantable CGM in the market. Comparable in size and stage to Echo, it competes on CGM form-factor differentiation and long wear time - making it a relevant emerging peer in the same CGM device category with adjacent differentiating angles.

TypeBroad incumbent
Description

Roche operates the Accu-Chek brand of blood glucose meters and is an established incumbent in glucose monitoring. Although Roche exited pure CGM, it remains relevant as a broad incumbent player serving the same diabetes patient base with adjacent monitoring solutions.

TypeEmerging player
Description

Tandem manufactures the t:slim X2 insulin pump with Control-IQ closed-loop algorithm that uses CGM input data. While Tandem does not directly make CGM, it is an emerging competitor at the integrated pump+CGM decision support layer that Echo's tCGM data would integrate with.

TypeBroad incumbent
Description

LifeScan, historically owned by J&J and now a standalone venture, has been the long-standing leader in blood glucose monitoring (OneTouch) and competes in the same diabetes self-monitoring category. It represents a broad incumbent alternative for the diabetes patient population Echo is targeting.

TypeEmerging player
Description

Insulet manufactures Omnipod tubeless insulin pumps that integrate directly with CGM data (Abbott and Dexcom). While not a direct CGM maker, Insulet competes to be the closed-loop partner in the same insulin-dependent patient workflow that Echo's tCGM would feed into.

TypeDirect peer
Description

Medtronic produces the Guardian CGM and partners with insulin delivery devices (780G), targeting the same insulin-dependent patient population as Echo. While Medtronic is broader, its diabetes division is a direct CGM competitor with integrated closed-loop capability that Echo's tCGM would need to interoperate with.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles5 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds10 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors3 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Echo Therapeutics

Continuous Glucose Monitoring Devicesechotx.com

What Echo Therapeutics does

Echo Therapeutics (OTCMKTS: ECTE) is a Philadelphia-based, publicly traded medical device company developing the Symphony tCGM System, a non-invasive (needle-free) continuous glucose monitor targeting insulin-dependent diabetes patients. The platform is positioned as an alternative to incumbent needle-based CGM devices and serves a global diabetes population stated at over 537 million adults. The company's core technology rests on continuous glucose monitoring sensor capability, consolidated historically through the 2007 acquisition of Sontra Medical. No pricing model, distribution channels, marketing channels, named customers, or commercial revenue are disclosed in the available data, indicating a pre-commercial or very early commercial stage.

The company has funded operations through a series of equity and debt-style financings totaling approximately $44.7 million across at least ten disclosed rounds between 2009 and 2016, with named institutional participation from Platinum-Montaur Life Sciences, Medical Technologies Innovation Asia, and Platinum Partners. Round sizes peaked in 2013 at $12.5M and $10M and have since declined to $4M (2014) and $1.8M (2016), suggesting tightening access to capital. The leadership team is small and includes a Founder/CEO (Patrick Mooney), a President/CEO (Scott W. Hollander), a combined CEO/CFO (Alan Schoenbart), a VP of Marketing & Commercial Development (David Walton), and a VP of Manufacturing & Global Supply Chain (Dan Sunday), consistent with a clinical-stage device company preparing for commercial manufacturing and launch. No FDA approvals, clinical milestones, partnerships, patents, or commercial agreements are documented in the source data, and the financial figures provided contain implausibly large values that appear to be data errors, leaving a significant gap in verified operating performance.

Echo Therapeutics firmographics

Firmographics
Name
Echo Therapeutics
Website
https://echotx.com
Company type
Public
Founded year
1989
Operating status
Operating
Headcount range
11–50 employees
Ownership category
akta.pro rank

Echo Therapeutics industry classification

Industry
Product category
Continuous Glucose Monitoring Devices
NAICS
Electromedical and Electrotherapeutic Apparatus Manufacturing (334510)
SIC
Surgical & Medical Instruments & Apparatus (3841)
akta.pro primary industry
Continuous Glucose Monitoring (CGM) Systems (HLAHAHAA)

Keywords

  • Continuous glucose monitoring
  • Non-invasive diagnostics
  • Diabetes management devices
  • Needle-free biosensors
  • Transdermal monitoring

Where Echo Therapeutics is headquartered

Location

Headquarters

HQ city
Philadelphia
HQ country
United States
HQ region
North America

Markets served

Echo Therapeutics business model

Business model
GTM type
B2C
Offering type
Hardware or Manufacturing
Cost components
Personnel, Technology or R&D, Operations, Supply Chain, Marketing or Sales

Echo Therapeutics product offering

Product offering

Core offering

Echo Therapeutics develops the Symphony tCGM System, a novel, non-invasive (needle-free) continuous glucose monitoring system intended for diabetes patients. The system delivers continuous glucose visibility and automated alerts to help insulin-dependent patients manage blood glucose levels more effectively.

Differentiator

Problem solved

Functional benefit

Products and services

  • Symphony tCGM System A novel, non-invasive (needle-free) continuous glucose monitoring system designed for diabetes patients, particularly insulin-dependent individuals. The system provides continuous glucose visibility and automated alerts to support blood glucose management.

Companies that use Echo Therapeutics

Customer profile

Segments1 record

Ideal customer profiles1 record

Echo Therapeutics technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Echo Therapeutics partnerships and signals

Strategic signal

Recent moves6 records

Expansion highlights4 records

Echo Therapeutics competitors and assessment

Company assessment

Direct peers

  • Dexcom: Dexcom is the leading dedicated CGM manufacturer worldwide with ~24% market share. It sells factory-calibrated CGM systems with smartphone connectivity and integrated insulin pump compatibility - directly competing with Echo's planned needle-free tCGM within the same diabetes patient population.
  • Abbott Diabetes Care (FreeStyle Libre): Abbott's FreeStyle Libre is the highest-volume CGM franchise on the market (~28% share, multiple millions of users) and the dominant needle-free applicator incumbent. Echo's Symphony positions against FreeStyle Libre on disposability, wear-time, and skin prep - making Abbott the closest direct CGM competitor.
  • Nova Biomedical: Nova Biomedical manufactures StatStrip glucose and ketone hospital meters and is developing an in-hospital CGM. Comparable in size and stage to Echo, it competes on glucose monitoring accuracy and clinical use cases relevant to Echo's diabetes patient segment.
  • Senseonics (Eversense): Senseonics produces Eversense, the only long-term implantable CGM in the market. Comparable in size and stage to Echo, it competes on CGM form-factor differentiation and long wear time - making it a relevant emerging peer in the same CGM device category with adjacent differentiating angles.
  • Medtronic Diabetes: Medtronic produces the Guardian CGM and partners with insulin delivery devices (780G), targeting the same insulin-dependent patient population as Echo. While Medtronic is broader, its diabetes division is a direct CGM competitor with integrated closed-loop capability that Echo's tCGM would need to interoperate with.

Emerging players

  • GlySens: GlySens is a private company developing a fully implanted long-term CGM sensor (Eclipse). As an early-stage player in needle-free / implant-based glucose sensing, it competes on similar CGM form-factor differentiation in the same diabetes technology category.
  • Tandem Diabetes Care: Tandem manufactures the t:slim X2 insulin pump with Control-IQ closed-loop algorithm that uses CGM input data. While Tandem does not directly make CGM, it is an emerging competitor at the integrated pump+CGM decision support layer that Echo's tCGM data would integrate with.
  • Insulet (Omnipod): Insulet manufactures Omnipod tubeless insulin pumps that integrate directly with CGM data (Abbott and Dexcom). While not a direct CGM maker, Insulet competes to be the closed-loop partner in the same insulin-dependent patient workflow that Echo's tCGM would feed into.

Broad incumbents

  • Roche Diabetes Care: Roche operates the Accu-Chek brand of blood glucose meters and is an established incumbent in glucose monitoring. Although Roche exited pure CGM, it remains relevant as a broad incumbent player serving the same diabetes patient base with adjacent monitoring solutions.
  • LifeScan (Johnson & Johnson): LifeScan, historically owned by J&J and now a standalone venture, has been the long-standing leader in blood glucose monitoring (OneTouch) and competes in the same diabetes self-monitoring category. It represents a broad incumbent alternative for the diabetes patient population Echo is targeting.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Echo Therapeutics social profiles

Digital presence

Echo Therapeutics financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Echo Therapeutics leadership team

Management profile

Number of profiles

Profiles5 records

Echo Therapeutics funding detail

Funding detail

Funding overview

Funding rounds10 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Echo Therapeutics M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Echo Therapeutics

What does Echo Therapeutics do?

Echo Therapeutics develops the Symphony tCGM System, a novel, non-invasive (needle-free) continuous glucose monitoring system intended for diabetes patients. The system delivers continuous glucose visibility and automated alerts to help insulin-dependent patients manage blood glucose levels more effectively.

Is Echo Therapeutics a public or private company?

Echo Therapeutics is a public company. It is classified as public and is currently operating.

When was Echo Therapeutics founded?

Echo Therapeutics was founded in 1989. It employs 11 to 50 people.

Where is Echo Therapeutics based?

Echo Therapeutics is headquartered in Philadelphia, United States, in the North America region.

Who are Echo Therapeutics's main competitors?

Direct peers on record are Dexcom, Abbott Diabetes Care (FreeStyle Libre), Nova Biomedical, Senseonics (Eversense) and Medtronic Diabetes. Emerging players are GlySens, Tandem Diabetes Care and Insulet (Omnipod). Broad incumbents are Roche Diabetes Care and LifeScan (Johnson & Johnson).

Does Echo Therapeutics have an API?

No public API is recorded for Echo Therapeutics.

What industry is Echo Therapeutics in?

Echo Therapeutics's product category is Continuous Glucose Monitoring Devices. Its primary akta.pro industry code is HLAHAHAA, Continuous Glucose Monitoring (CGM) Systems. Its NAICS code is 334510 and its SIC code is 3841.

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Defense WorldReviewing Echo Therapeutics (OTCMKTS:ECTE) & Orthofix Medical (NASDAQ:OFIX)This article is a stock comparison between Echo Therapeutics (OTCMKTS:ECTE) and Orthofix Medical (NASDAQ:OFIX), analyzing their financial metrics, analyst ratings, and investment potential. Orthofix Medical outperforms Echo Therapeutics on 5 of 9 comparison factors, with a consensus target price of $17.25 suggesting 50% upside potential. The article presents fundamental financial data including revenue, earnings, margins, and institutional ownership for both medical device companies.Defense WorldIQVIA (NYSE:IQV) & Echo Therapeutics (OTCMKTS:ECTE) Financial SurveyA financial comparison survey analyzed IQVIA and Echo Therapeutics across ten investment metrics, with IQVIA outperforming on nine of them. IQVIA reported $16.31 billion in gross revenue and $7.86 earnings per share, while Echo Therapeutics showed no available financial data across comparable metrics. Analyst consensus favors IQVIA with a price target of $229.13, suggesting 39.64% potential upside.PR NewswireEcho Therapeutics Announces Dismissal of Federal Court ActionEcho Therapeutics, Inc. announced on December 19, 2016 that plaintiffs dismissed without prejudice the federal court action captioned Manchester Management Co., LLC et al v. Echo Therapeutics, Inc. (16-CV-9217 SDNY). The company and its Directors are now evaluating legal recourse, including potential claims against the plaintiffs. The dismissal removes an immediate legal threat but leaves open the possibility of future litigation.PR NewswireEcho Therapeutics Announces Federal Court's Denial Of Preliminary Injunction And Lifting Of Temporary Restraining OrderEcho Therapeutics announced that on December 9, 2016, the U.S. District Court for the Southern District of New York denied an application for preliminary injunction and dissolved a temporary restraining order previously issued in a lawsuit filed by Manchester Management Company LLC and James E. Besser. The Court ruled that the plaintiffs had not shown a likelihood of success on the merits regarding their securities claims, breach of fiduciary duty claims, or trade secret claims. Echo Therapeutics and its directors stated they intend to seek dismissal of all claims and are evaluating legal recourse against the plaintiffs.PR NewswireManchester Management LLC Reports: NEW YORK FEDERAL COURT GRANTS TEMPORARY RESTRAINING ORDER AGAINST ECHO THERAPEUTICS, INC., PLATINUM MANAGEMENT, MARK NORDLICHT, BERNARD FUCHS, MEDICAL TECHNOLOGIES IManchester Management LLC and affiliates filed a complaint in Federal District Court for the Southern District of New York against Echo Therapeutics, Inc., Platinum Management, Medical Technologies Innovation Asia, Ltd., and individuals associated with those entities, alleging violations of Federal Securities Laws including Section 10b and Rule 10b-5 of the Securities Exchange Act of 1934, and conspiracy to steal Echo's intellectual property. On November 29, 2016, the court granted a Temporary Restraining Order preventing the defendants from transferring Echo's assets or subordinating the rights of the plaintiffs and other senior note holders. The plaintiffs, who purchased senior secured promissory notes in private placements in December 2015 and May 2016, claim the defendants made fraudulent disclosures, secretly controlled Echo, and conspired to steal intellectual property including source code for glucose monitoring technology developed at an estimated cost of over $100 million.PR NewswireEcho Therapeutics Common Stock to Transition from NASDAQ to OTCQBEcho Therapeutics, Inc. announced on July 8, 2016 that its common stock will be suspended from trading on the Nasdaq Stock Market on July 12, 2016, due to the company's failure to meet the minimum $2.5 million stockholders' equity requirement by the July 5, 2016 deadline. The company stated it expects its stock to begin trading on the OTCQB Venture Market operated by OTC Markets Group Inc. under the symbol "ECTE." CEO Scott W. Hollander indicated the company will remain focused on R&D efforts for its NextGen continuous glucose monitoring system despite the market transition.PR NewswireEcho Therapeutics Begins Testing of NextGen CGM System ComponentsEcho Therapeutics announced it began stand-alone and integrated testing of its NextGen continuous glucose monitoring (CGM) system prototype components, including the Exfoliator and Bluetooth transmitter, while formally selecting a Clinical Research Organization for its regulatory and clinical strategy. The new system features a self-use exfoliator, more sensitive sensor, reusable transmitter, and a new CGM App, and is described as more consumer-friendly and substantially less expensive than the prior version. CEO Scott W. Hollander noted positive feedback from a demonstration at the 2016 American Diabetes Association Scientific Sessions in New Orleans.PR NewswireEcho Therapeutics Announces New Patent for its Non-Invasive Sensing TechnologyEcho Therapeutics announced receiving a new patent from Japan covering its transdermal analyte monitoring system and methods for glucose and other substance detection. The patent (Application number 2013-169786), which expires in 2028, provides system-level protection for the company's NextGen CGM system rather than just individual components. The company stated this development enables it to pursue previously unavailable business development opportunities in Japan while strengthening its global intellectual property position.PR NewswireEcho Therapeutics Announces Institutional Review Board (IRB) Approval of New ProtocolEcho Therapeutics announced it received Institutional Review Board approval for a new clinical protocol enabling expanded testing of its non-invasive continuous glucose monitoring (CGM) system across both pediatric and adult populations. The approval allows the company to recruit subjects for internal and external studies, with initial testing of NextGen system components expected to begin within weeks. The CGM system targets the outpatient diabetes market and the broader wearable-health sector, with longer-term potential in hospital settings.PR NewswireEcho Therapeutics in Final Stage of Clinical Research Organization (CRO) SelectionEcho Therapeutics, Inc. announced it is in the final stage of selecting a Clinical Research Organization (CRO) to support the development and regulatory strategy for its non-invasive continuous glucose monitoring (CGM) system. The company is seeking a full-service CRO with global reach and a proven track record in clinical trial design and management. CEO Scott W. Hollander emphasized that identifying the right CRO partner is critical to the company's success as it plans future clinical trials for its NextGen system.