OceansBio Co., Ltd.
↗Changwon, Gyeongnam, South Korea (also referenced as Seongnam, Kyonggi-do in some sources)
OceansBio is a Korean biotech startup founded in 2018 that develops electroceutical solutions—ultra-small wearable and implantable medical devices that treat neurological diseases by delivering electrical stimulation to the vagus nerve. The company leverages cutting-edge brain neural network research and artificial intelligence to develop electronic drugs that directly impact the peripheral nervous system. Products include TaVNS (transcutaneous vagus nerve stimulation) wearables for managing depression and stress, and iVNS (implantable vagus nerve stimulation) for treating drug-resistant epilepsy. OceansBio targets diseases where current pharmaceutical treatments are inadequate, with a focus on the estimated 10 million epilepsy patients worldwide and 10,000 patients in South Korea suffering from drug-refractory epilepsies.
CLASSIFICATION
Company Type:Biotech
Therapeutic Areas:-
Industry:Biotechnology|Medical Devices
Sub-Industry:Electroceuticals|Neurotech|Digital Therapeutics
SIZE & FINANCIALS
Employees:1-50
Founded:2018
Ownership:private
Status:operating
FUNDING
Stage:Seed
Total Raised:Undisclosed (Seed round completed May 2023)
Investors:D·CAMP, Seoul Techno Holdings, Korea Credit Guarantee Fund, Pusan National University
STOCK
Exchange:Korean Securities Market (KSM)
Ticker:332190
PIPELINE
Stage:Commercial (TaVNS) | Clinical development (iVNS)
Lead Drug Stage:Commercial/market-available
Modalities:Electrical stimulation, Wearable devices, Implantable devices, AI-powered diagnostics
Trial Phases:-
FDA Approvals:0
EMA Approvals:0
COMPETITION
Position:Emerging
Competitors:LivaNova (VNS Therapy System - FDA approved), electroCore (gammaCore - non-invasive VNS), Neurometrix, Other neurotech startups in Asia
LEADERSHIP
Key Executives:
CEO (name not publicly disclosed) - CEO
LINKS
⚠
Is this information incorrect? This profile was AI-generated from publicly available sources and may contain errors. If you are a representative of OceansBio Co., Ltd. and believe any information on this page is inaccurate, we will promptly correct or remove it.REPORT AN ERROR
Disclaimer: IntuitionLabs.ai is not affiliated with, endorsed by, or associated with OceansBio Co., Ltd.. The information on this page was compiled using AI from publicly available sources and may be incomplete, outdated, or contain errors. We are committed to correcting inaccuracies promptly upon notice. For official information, please visit the company's website directly.