REASONS TO INVEST
Traction
Over 70,000 patients and 10,000 prescribers in the United States, with over $23.3M in lifetime revenue
Clear Path to FDA Approval
Three clinical trials were submitted to the FDA on March 19, 2021 to support new approval and clearance; over-the-counter approval has been obtained in Europe, and Medicaid has approved the device in Maine (MaineCare)
Previous Crowdfunding Success
Raised over $1M in an oversubscribed Reg CF raise from over 1400+ investors
THE MARKET
(source)
Mental Health is the #1 healthcare cost in the US, greater than cancer, diabetes or heart disease - half of all costs are spent treating depression and anxiety (source)
1 in 4 Americans also develop insomnia each year
Spending is expected to continue growing, especially as demand grows as a result of the pandemic
THE PROBLEM
THE SOLUTION
The Fisher Wallace Stimulator® comfortably stimulates the brain to produce serotonin and modulate brainwave activity. The device has demonstrated a high effectiveness rate and less than a 1% side effect rate (temporary headache or dizziness) in clinical practice. Our affordable medical device is easy to use and may be prescribed remotely and shipped directly to a patient’s home.
This offers significant clinical and economic advantages over medication and behavioral therapy while also working well in conjunction with these standards of care (many providers prescribe the Fisher Wallace device in combination with medication and behavioral therapy). In a depression study conducted at Mount Sinai Beth Israel Hospital in 2015, patients who used a placebo device returned to baseline while patients who used an active (fully functioning) device experienced durable depression symptom reduction.
HOW IT WORKS
Patients may obtain a telemedicine prescription for the device which is then shipped directly to their home. This has been an effective model for treating mental health during the COVID-19 pandemic - and for patients in general who cannot easily access mental health treatment or are resistant to drug or behavioral therapy.
A 392-subject study conducted at a Phoenix House drug and alcohol rehabilitation facility demonstrated that the device increased rehab retention by 50%.
OUR TRACTION
THE VISION
Fisher Wallace has turned its focus to commercializing a Version 2.0 device that will feature improved industrial design, data analytics and digital health services relevant to patients, providers and payers.
*This is a computer rendering of a product currently in development
WHY INVEST
Obtaining new FDA Approval for one or more indication - depression, anxiety or insomnia - will help establish a new standard of care that can serve millions of patients.
AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT.
THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT CAN BE FOUND HERE.
THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
WHILE THE COMPANY HAS SIGNED A QUOTATION AGREEMENT TO TRADE THE SECURITIES OFFERED ON STARTENGINE SECONDARY’S NEW ALTERNATIVE TRADING SYSTEM (THE “ATS”), A COMPANY WHICH INTENDS TO BE QUOTED ON THE MARKETPLACE WILL BE SUBJECT TO CERTAIN REQUIREMENTS WHICH THE COMPANY MAY OR MAY NOT BE ABLE TO SATISFY IN A TIMELY MANNER. EVEN IF A COMPANY IS QUALIFIED TO QUOTE ITS SECURITIES ON THE MARKET, THERE IS NO GUARANTEE AN ACTIVE TRADING MARKET FOR THE SECURITIES WILL EVER DEVELOP, OR IF DEVELOPED, BE MAINTAINED. YOU SHOULD ASSUME THAT YOU MAY NOT BE ABLE TO LIQUIDATE YOUR INVESTMENT FOR SOME TIME OR BE ABLE TO PLEDGE THESE SHARES AS COLLATERAL.
Dear Investor,
I am pleased to announce that GeekWire, the leading news website for technology and startups, just published the following article featuring Fisher Wallace: "Seattle Police Department testing brain stimulation headband as part of wellness research effort."
“There is a group of people that select into law enforcement that don’t generally think twice about risking their safety for somebody else, but they often have a difficult time taking care of themselves, or accessing self-care,” Loren Atherly, director of performance analytics and research at SPD, told GeekWire.
Best regards,
Our campaign ends in less than 3 weeks.
Dear Investors,
Above is a visual engineering status update from Alloy Product Development - our lead engineering partner that previously developed the Beats headphones and Microsoft HoloLens.
We are closing our campaign on May 27th and will not extend it further.
Invest $1500+ to receive a free Version 1 or Version 2 device.
"One of four technologies innovating mental health." - Forbes
Our technology has been cleared by the FDA to treat depression, anxiety and insomnia.
One of hundreds of 5 star reviews:
"I'm a careful and somewhat skeptical person--if not meticulous, than at least careful. I'd looked at the Fisher Wallace device a number of times and finally decided to order one in December 2021. I wasn't at my lowest (by any means) then but decided that not only was the time right, but so was the price.I noted on the whiteboard in my office that I commenced using the device Wednesday, 10 December 2021 and found the sessions short and non-disruptive. I had no boundless high hopes but was willing to go through the motions, one way or the other.At roughly the two-week mark, I noticed a definite lightening of the mood that had hung over me (occupied me? possessed me?) for months and months--and which, to be honest, I'd been subject to for roughly 60 years."
by D. B. Robinson, real patient
Individual results may vary.
Invest $1500+ and receive a free Version 1 or Version 2 device.
Dear Investors,
Fisher Wallace is building a new category of prescription wearables to address the $225 billion mental health treatment market in the US.
Today we launched a short campaign to fund for our remaining research initiatives and product development.
Over the past three years, thousands of our customers have joined VC firm SHUFL Capital to fund $8.2 million of our clinical research, product development, and other growth initiatives.
We've generated over $30 million in lifetime revenue, funded five clinical trials (including one currently being conducted by the Seattle Police Department) and are building a new generation of prescription wearable technology for release in 2023.
Invest over the next two days and receive 10% bonus shares as a "Super Early Bird."
Invest $1500+ and receive additional bonus shares and a free Version 2 device.
Thanks for your consideration!
Kelly Roman
Co-Founder & CEO, Fisher Wallace Laboratories
OFFER CLOSES AT MIDNIGHT!
Dear Investors,
Over the last 48 hours, hundreds of thousands of dollars of investment have poured in - thank you to all of our new investors who have made this one of the most successful raises in StartEngine history! Everyone at Fisher Wallace is excited to move forward with a strong wind at our back as we work hard to transform the mental health industry with our groundbreaking prescription wearable platform. And a special thank you to all of our customers, many of whom have become investors - the journey continues!
Onwards and upwards!
Kelly Roman
Co-Founder and CEO
Fisher Wallace Laboratories, Inc.
Disclaimer: This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
OFFER CLOSES TODAY!
Enjoy the closing update from our Co-Founder & CEO, Kelly Roman:
Invest $1500+ and choose either a Version 1 or Version 2 device as a free perk!
Thanks for your consideration,
Fisher Wallace Laboratories, Inc.
Disclaimer: This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
OFFER CLOSES TOMORROW!
Dear Investor,
I received the first crude but beautiful 3D print of our in-development Version 2 from designer Eric Fields over the weekend - a sign of how raising capital on StartEngine has supercharged our progress. More iterations are yet to come, but to see the designs we are working on start to take physical form is very exciting.
We've changed the lives of tens of thousands of patients with Version 1 and intend to change millions more with Version 2. App development is also underway, and our new brand name, icons and guidelines development is nearing completion from Pearlfisher.
It will likely be sometime next year that FDA finalizes its regulatory process, but we are currently cleared to treat depression, anxiety and insomnia - hopefully we will have a new indication (for Generalized Anxiety Disorder) in the near future. I will keep you updated on this front in the months ahead.
As always, if you invest $1500+ you may choose to receive a free Version 1 or Version 2 device.
Thank you for sharing our passion for changing how common mental health conditions are treated in the US and globally!
Best regards,
Kelly Roman
CEO, Fisher Wallace Labs
BTW I'm a collector of Star Wars themed artwork from Suckadelic - you can see a peek of one piece in the background of the above photo, in case you were wondering what that is! ;)
Disclaimer: This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
OFFER CLOSES IN 5 DAYS!
We encourage you to watch a patient describe her experience using our Version 1 device. Version 2 is slated to be released next year.
INVEST $1500+ AND RECEIVE A FREE VERSION 1 OR VERSION 2 DEVICE AS A PERK
Thanks for your consideration!
Disclaimer: This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
OFFER CLOSES IN 6 DAYS
"One of four technologies innovating mental health." - Forbes
Invest $1500+ and receive a free device as a perk.
Disclaimer: This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
OUR CAMPAIGN CLOSES IN A WEEK!
Recent articles in Techcrunch and The Wall Street Journal highlight how Big Tech is beginning to really focus on mental health innovation:
"Apple is reportedly working on ways to help detect and diagnose conditions such as depression, anxiety and cognitive decline using an iPhone. Researchers hope that analysis of data such as mobility, sleep patterns and how people type could spot behaviors associated with those conditions, according to The Wall Street Journal."
Timing is everything as Fisher Wallace moves to build a truly world-class wearable treatment platform in Version 2 - a device that not only tracks, but treats symptoms.
As always, if you invest $1500+ you may choose to receive our Version 1 or Version 2 device for free.
Best regards,
Kelly Roman
Co-Founder and CEO
Fisher Wallace Laboratories, Inc.
Disclaimer: This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
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