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Friday it completed its merger with NeuroMetrix , gaining ownership of the Quell Fibromyalgia Solution platform.As part of the merger agreement, NeuroMetrix shareholders received $4.49 in cash per share along with a contingent value right linked to future sales milestones of the Quell business and potential proceeds from the sale of NeuroMetrix's DPNCheck business, the company said.Following the merger, NeuroMetrix became an indirect wholly owned subsidiary of electroCore, and its shares were delisted from Nasdaq on Friday.Shares of electroCore were up 11% in recent trading.Price: 8.40, Change: +0.83, Percent Change: 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20:00","pubTimestamp":1746187200,"startTime":"0","endTime":"0","summary":"Addition of Quell Platform Broadens electroCore’s Bioelectronic Technology Portfolio and Accelerates Growth in Chronic Pain and Wellness Markets. The acquisition of NeuroMetrix’s Quell Fibromyalgia Solution expands electroCore’s portfolio of non-invasive bioelectronic therapies, strengthens its commercial reach — particularly within the VA Hospital System — and is expected to meaningfully increase its addressable market for the treatment of chronic pain and wellness conditions.Dan Goldberger, CEO of electroCore, Inc. commented, \"With this transaction now closed, we are well-positioned to immediately leverage our established distribution channels, particularly within the VA Hospital System, to accelerate adoption of the Quell Fibromyalgia solution. This addition meaningfully expands our addressable market and diversifies our portfolio of non-pharmaceutical, non-invasive nerve stimulation offerings, strengthening electroCore’s position as a leading publicly traded bioelectronic technolog","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/electrocore-completes-acquisition-neurometrix-gaining-120000848.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation,merge","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4161","CVR","ECOR","NURO","BK4082"],"gpt_icon":0}],"pageSize":4,"totalPage":1,"pageCount":1,"totalSize":3,"code":"91000000","status":"200"}],"@#url:\"https://hq.skytigris.cn/market/plate/belongs/NURO\",params:#limit:6,delay:false,,,undefined,":[]}}