ONWARD Medical

ONWARD Medical

Developing and commercializing innovative therapies to enable functional recovery for people with spinal cord injuries.

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Financials

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Revenues, earnings & profits over time
EUR201920202021202220232024
Revenues000000000000000000000000
EBITDA000000000000000000000000
% EBITDA margin--(2024 %)--(42625 %)
Profit000000000000000000000000
% profit margin--(2453 %)--(46396 %)
EV000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget000000000000000000000000
R&D % of revenue--567 %--16158 %

Source: Company filings or news article

More about ONWARD Medical
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ONWARD is a pioneering startup that operates in the medical technology sector, specifically focusing on spinal cord injury therapies. The company is comprised of a multidisciplinary team of scientists, engineers, and physicians, all united by a common goal: to develop innovative therapies that can significantly improve the lives of people living with spinal cord injuries.

ONWARD's flagship product is the ARC Therapy, a groundbreaking technology that uses targeted, programmed stimulation of the spinal cord to restore movement in individuals with spinal cord injuries. This investigational device, which is not yet available for commercial use, has shown potential benefits beyond restoring movement, including improved bladder control, sexual function, and blood pressure regulation.

The company's business model is based on the development and eventual commercialization of its proprietary ARC Therapy. It generates revenue through the licensing of its intellectual property, developed in partnership with leading global neuroscience research institutions such as the Swiss Federal Institute of Technology, Lausanne University Hospital, the University of Louisville, and Caltech.

ONWARD's target market includes individuals with spinal cord injuries, as well as healthcare providers and institutions that treat these patients. The company's long-term financial prospects are promising, given the significant unmet need for effective therapies in this area and the potential for its technology to revolutionize the treatment of spinal cord injuries.

Keywords: Medical Technology, Spinal Cord Injury, ARC Therapy, Intellectual Property, Licensing, Healthcare Providers, Neuroscience Research, Treatment Revolution, Neuroprosthesis, Locomotor Deficits.

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