February 23, 2017 6:06 AM ET

Healthcare Equipment and Supplies

Company Overview of Capnia, Inc.

Company Overview

Capnia, Inc. develops and commercializes neonatology devices, diagnostics, and therapeutics platform based on its proprietary technology for precision metering of gas flow primarily in the United States. The company offers CoSense, an end-tidal carbon monoxide monitor, for the diagnosis of excessive hemolysis in neonates with jaundice, a condition that causes long-term developmental disability due to the degradation of red blood cells. It also develops Serenz, a therapeutic product candidate that has completed Phase II clinical trials for the treatment of symptoms related to allergic rhinitis. In addition, the company provides NeoPip T-piece resuscitator and related consumables, which delive...

1235 Radio Road

Suite 110

Redwood City, CA 94065

United States

Founded in 1999

29 Employees

Phone:

650-213-8444

Fax:

650-213-8383

Key Executives for Capnia, Inc.

Chief Executive Officer, President and Director
Age: 46
Total Annual Compensation: $460.0K
Chief Financial Officer and Senior Vice President
Age: 57
Total Annual Compensation: $300.0K
Senior Vice President of Research and Development
Age: 54
Total Annual Compensation: $266.5K
Compensation as of Fiscal Year 2016.

Capnia, Inc. Key Developments

Capnia, Inc. Presents at 19th Annual BIO CEO & Investor Conference, Feb-14-2017 08:00 AM

Capnia, Inc. Presents at 19th Annual BIO CEO & Investor Conference, Feb-14-2017 08:00 AM. Venue: The Waldorf Astoria New York, 301 Park Avenue, New York, NY 10022, United States. Speakers: Anish Bhatnagar, Chief Executive Officer, President and Director.

Capnia, Inc. Announces Board Appointments

On December 22, 2016, Essentialis, Inc. (“Essentialis”), Capnia, Inc. (“Capnia”), Company E Merger Sub, Inc., a wholly-owned subsidiary of Capnia (“Merger Sub”), and Neil Cowen, in his capacity as stockholders’ representative, entered into an Agreement and Plan of Merger pursuant to which, if the transactions contemplated by the Merger Agreement are consummated, at the effective time of the Merger, Merger Sub will merge with and into Essentialis with Essentialis surviving the Merger as a wholly owned subsidiary of Capnia. Upon consummation of the Merger, the size of the Capnia board of directors will be increased to 9 members, and Mahendra Shah, Jim Glasheen and Stuart Collinson will be appointed to the Capnia board to fill vacancies on the board.

Capnia, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Capnia, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported total revenue of $329,000 compared to $247,000 a year ago. Net loss attributable to common stockholders was $6,401,000 or $0.41 per basic and diluted share compared to $3,293,000 or $0.33 per basic and diluted share a year ago. Operating loss was $2,941,000 compared to $3,183,000 a year ago. For the nine months, the company reported total revenue of $1,167,000 compared to $366,000 a year ago. Net loss attributable to common stockholders was $13,103,000 or $0.85 per basic and diluted share compared to $13,064,000 or $1.60 per basic and diluted share a year ago. Operating loss was $10,654,000 compared to $8,653,000 a year ago. The increase in revenue for the nine months ended September 30, 2016 versus the same period in 2015 was primarily a result of the revenue of NeoForce, a company acquired by Capnia in September of 2015.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 27, 2016
Essentialis, Inc.
Private Placement
June 29, 2016
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