Our business idea is to help people with chronic conditions and illnesses by using a patented treatment method that is neither surgical nor drug-based. The treatment is called Kinetic Oscillation Stimulation and is abbreviated K.O.S.
Today, we focus on chronic nasal congestion (rhinitis) which affects about 1.3 percent of the world's population, and partly on chronic migraines that affect 1.4-2.2 percent of the population with severe and frequent headaches.
K.O.S is a product system for neurostimulation therapy with long-term effects, which modulates the autonomic nervous system functions. The rhinitis treatment is CE-certified and is sold in the EU. The migraine treatment is in a clinical trial phase, but was CE marked in May 2021 based on interim analysis data - and therefore currently under market introduction.
We want to establish our technology in the international market for neuromodulation. We sell our product system and our treatments through distributors to clinics and hospitals, who in turn treat the patients.
Today, the company has three employees, supported by a handful of expert consultants with extensive overall experience in medical technology product development, international market establishment, and clinical study activities. The business is entirely focused on sales in a few selected markets and the implementation of the two ongoing studies.
Chordate Medical AB, the Group's operating company, is a wholly owned subsidiary of Chordate Medical Holding AB (Publ), which was listed on Nordic Growth Market-SME with the first trading day on March 8, 2017.
The company is based in Kista, outside Stockholm.
For questions about Chordate's share price or other investment-related topics, please see if the answer is here.
For questions about the medical effects of the K.O.S treatment, please see if the answer is here.
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