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Third Pole Therapeutics

pole3.com

Founded Year

2014

Stage

Series B - III | Alive

Total Raised

$125.65M

Last Raised

$32M | 2 mos ago

About Third Pole Therapeutics

Third Pole Therapeutics offers point-of-care, tankless electric Nitric Oxide for hospital, ambulatory, and home use. The Third Pole core technology is a clean, tankless inhaled Nitric Oxide (NO) equivalent to marketed tank gas in the lab. Its products include a mobile home-usage device named eNOfit, and a hospital-deployed device named eNOcare. The company was founded in 2014 and is based in Waltham, Massachusetts.

Headquarters Location

309 Waverly Oaks Suite 404

Waltham, Massachusetts, 02452,

United States

800-838-1471

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Expert Collections containing Third Pole Therapeutics

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Third Pole Therapeutics is included in 2 Expert Collections, including Medical Devices.

M

Medical Devices

8,605 items

Companies developing medical devices (per the IMDRF's definition of "medical device"). Includes software, lab-developed tests (LDTs), and combination products. *Columns updated as regularly as possible.

H

Health IT

7,901 items

Third Pole Therapeutics Patents

Third Pole Therapeutics has filed 22 patents.

The 3 most popular patent topics include:

  • Industrial gases
  • Fluid dynamics
  • Dosage forms
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/24/2022

1/17/2023

Dosage forms, Drug delivery devices, Medical equipment, Routes of administration, Medical treatments

Grant

Application Date

3/24/2022

Grant Date

1/17/2023

Title

Related Topics

Dosage forms, Drug delivery devices, Medical equipment, Routes of administration, Medical treatments

Status

Grant

Latest Third Pole Therapeutics News

Third Pole Therapeutics Receives $32M Strategic Equity Investment to Accelerate its Tankless Inhaled Nitric Oxide (iNO) Platform

Dec 17, 2022

Third Pole Therapeutics Receives $32M Strategic Equity Investment to Accelerate its Tankless Inhaled Nitric Oxide (iNO) Platform Posted on December 14, 2022 at 8:00 am. Funding will support the final development phase prior to planned 2023 FDA submission of the company’s “breakthrough” designated eNOcare™ hospital device WALTHAM, Mass., Dec. 14, 2022 (GLOBE NEWSWIRE) —   Third Pole Therapeutics , a privately held company developing critical life-sustaining cardio-pulmonary therapies, announced today a $32M equity investment, from a large medical device innovator. Bill Athenson, CEO of Third Pole, stated, “We are thrilled to receive this investment, which raises Third Pole Therapeutics’ series B financing and commitments to date to over $85M. I am particularly pleased to welcome this strategic investor and partner given our closely aligned missions. This investment and partnership will accelerate the entry of eNOcare™, our advanced portable inhaled nitric oxide (iNO) device, into the iNO hospital market.” Mr. Athenson continued, “This significant investment in Third Pole Therapeutics follows considerable diligence of our engineering and regulatory readiness and serves as a strong endorsement of our technology and team’s ability to deliver critical care systems that exceed safety and performance requirements established by regulatory bodies and the most demanding care professionals. We are targeting a 2023 FDA submission for our eNOcare™ hospital system into the existing and underpenetrated $600 million iNO hospital market.” Bill Heiden, Third Pole’s Chairman added, “This strategic investment in Third Pole Therapeutics is directly aligned with both organization’s mission to advance unique, disruptive, cost-effective solutions that improve outcomes in heart and lung-failure patients. It also provides validation that Third Pole’s technology represents the best in class, tankless nitric oxide portable systems to improve acute and chronic cardiopulmonary patient outcomes.” “I am also pleased to report that eNOfit™, our novel miniaturized mobile-wearable nitric oxide device designed to provide ’on-the-go’ treatment for patients suffering from severe COPD and ILD (pulmonary fibrosis), is scheduled to enter clinical trials in the next few months. We have achieved the unprecedented technological advance of miniaturizing tankless, on demand NO generation into a book-sized, portable device. We look forward to realizing this portable device’s potential to improve the lives of the 1.5M pulmonary hypertension patients who struggle with each breath to perform the simple day-to-day activities most of us take for granted. The eNOfit™ commercial opportunity is estimated to exceed $12B annually,” concluded Mr. Athenson. Third Pole’s product development has been generously supported by awards from the National Heart, Lung, and Blood Institute of the National Institutes of Health and the National Center for Advancing Translational Sciences of the National Institutes of Health. About Third Pole Therapeutics, Inc. Third Pole Therapeutics develops and delivers critical life-sustaining cardio-pulmonary therapies. Warren Zapol, M.D., Third Pole’s founder, invented the first use for inhaled nitric oxide (iNO) for the treatment of hypoxic respiratory failure in new-born infants (blue babies). Since then, in addition to blue babies, hundreds of thousands of pediatric and adult patients experiencing elevated pulmonary pressure, inflammation and poor oxygenation during and after heart surgery have been treated with inhaled nitric oxide, creating a $600 million inhaled nitric oxide market, concentrated in large hospitals, and developed markets. Two decades later, Third Pole has successfully created a scalable technology that delivers nitric oxide for inhalation, instantly, on-demand, and in unlimited quantities. Third Pole’s technology solves the cost and logistical hurdles which have prevented widespread iNO use in various markets in the U.S. and abroad that lacked the training and infrastructure required to transport, maintain, return, and refill large cylinders of compressed gas safely. Third Pole’s two novel platforms include eNOfit™ a miniaturized wearable device for home and travel and eNOcare™, a lightweight portable in-hospital device. Both make iNO by combining electricity and the air we breathe, creating a “make it and take it” therapy, free from the hazards of compressed gas storage. These broadly patented, versatile platforms have the potential to rapidly capture the entire existing tank-based market and expand beyond current indications to treat interstitial lung disease (ILD), chronic obstructive pulmonary disease (COPD), cystic fibrosis, and life threatening, viral, and bacterial infections. For more information, please visit  www.pole3.com . Contacts

Third Pole Therapeutics Frequently Asked Questions (FAQ)

  • When was Third Pole Therapeutics founded?

    Third Pole Therapeutics was founded in 2014.

  • Where is Third Pole Therapeutics's headquarters?

    Third Pole Therapeutics's headquarters is located at 309 Waverly Oaks, Waltham.

  • What is Third Pole Therapeutics's latest funding round?

    Third Pole Therapeutics's latest funding round is Series B - III.

  • How much did Third Pole Therapeutics raise?

    Third Pole Therapeutics raised a total of $125.65M.

  • Who are the investors of Third Pole Therapeutics?

    Investors of Third Pole Therapeutics include Avenue Venture Partners, Johnson & Johnson Innovation, Saturn Partners and JLabs.

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