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ReShape Lifesciences Inc (ReShape) formerly Obalon Therapeutics Inc, designs, develops and commercializes minimally invasive medical devices to treat obesity and metabolic diseases. The company's product portfolio includes Lap-Band System, a minimally invasive long-term treatment of severe obesity and more invasive surgical stapling procedures, such as the gastric bypass or sleeve gastrectomy. ReShape Vest system is a implanted device allows weight reduction while keeping the stomach in place. It provides ReShapeCare virtual health coaching programme, which encourages healthy lifestyle modifications for all patients undergoing medically assisted weight reduction, and ReShape Diabetes Bloc-Stim Neuromodulation, a preclinical technology being developed for the treatment of type 2 diabetes mellitus. ReShape is headquartered in San Clemente, California, the US.
Headquarters
United States of America
Address
1001 Calle Amanecer, San Clemente, California, 92673
Telephone
1 949 4296680
No of Employees
40
Industry
Medical Equipment
Ticker Symbol & Exchange
RSLS (NASD)
Revenue (2022)
$11.2M
-17.4%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
26.8%
(2022 vs 2021)
Market Cap*
$4.3M
Net Profit Margin (2022)
XYZ
11.5%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Products | Brands |
|---|---|
| Lap-Band System | ReShape Vest |
| ReShape Calibration Tubes | |
| ReShapeCare | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In September, the company entered into an agreement with Biorad Medisys for Obalon Gastric balloon system. |
| 2023 | Contracts/Agreements | In June, the company entered into an agreement with Hive Medical to Manage Prospective Lap-Band Leads From Initial Contact Through Surgical Consultation. |
| 2021 | Acquisitions/Mergers/Takeovers | In June, the company merged with Obalon Therapeutics Inc. |
Competitor Comparison
| Key Parameters | ReShape Lifesciences Inc | Acutus Medical Inc | Morphic Medical Inc | Orexigen Therapeutics Inc |
|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America |
| City | San Clemente | Carlsbad | Boston | La Jolla |
| State/Province | California | California | Massachusetts | California |
| No. of Employees | 40 | 225 | - | - |
| Entity Type | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Dan W. Gladney | Chairman | Executive Board | 2015 | - |
| Paul F. Hickey | President; Chief Executive Officer | Senior Management | 2022 | - |
| Thomas Stankovich | Chief Financial Officer | Senior Management | 2019 | 61 |
| Tom Stankovich | Chief Financial Officer | Senior Management | - | - |
| Dov Gal | Vice President - Regulatory Clinical Quality; Chief Compliance Officer | Senior Management | 2019 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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