PAINQX INC
Machine learning-based medical device that objectively assesses chronic pain intensity from EEG brain signals using proprietary algorithms
- Sector
- Medtech
- Headquarters
- Kennett Square, PA
- Founded
- 2015
- Latest Form D
- $736K, May 2021
- Total capital
- $5.5M
- Federal grants
- $4.5M
- 5 awards · 2018–2021
- Rank in peer group#377 of 538
- Private capital raised
- $1.1M
- 2 Form D · last May 2021
- 66 months since last filing
- Federal contracts
- None on recordNo federal contract awards found.
- Granted patents
- None on recordNo USPTO grants. Applications publish after 18 months.
Capital timeline
Latest events
- Federal grantDefense · Phase II · Development of a Device Utilizing EEG for the Objective Quantification and Analysis of Chronic Pain$1.5M
- Private capital raisedForm D · SEC · 2nd filing$736K
- Federal grantHealth and Human S · Phase II · Development of a Medical Device Utilizing an EEG-Based Algorithm for the Objective Quantification of Pain$527K
- Federal grantHealth and Human S · Phase II · Development of a Medical Device Utilizing an EEG-Based Algorithm for the Objective Quantification of Pain$1.4M
- Federal grantHealth and Human S · Phase II · Development of a Medical Device Utilizing an EEG-Based Algorithm for the Objective Quantification of Pain$855K
- Federal grantHealth and Human S · Phase II · Development of a Medical Device Utilizing an EEG-Based Algorithm for the Objective Quantification of Pain$219K
- Private capital raisedForm D · SEC · 1st filing$325K
Node area is scaled to amount. Form D reports securities sold, which can differ from an announced round; filings are numbered in the order they were made.
Standing among 538 peers
Line = medianMedtech · Device
- Federal grantsBelow median
Cumulative measures favor older companies. Rankings describe position today, not outcome. Below the median, ranks show as a band rather than a number.
Founders and team
From SEC Form D filings- Alexander RuckdaeschelExecutive Officer, DirectorNamed in SEC Form D filings
- Alex RuckdaeschelDirectorNamed in SEC Form D filings
- Andrew KoopmanDirectorNamed in SEC Form D filings
- Frank MinellaExecutive Officer, DirectorNamed in SEC Form D filings
- John H. StewartDirectorNamed in SEC Form D filings
What it has protected
No granted patents are on record.
USPTO usually publishes applications 18 months after filing, so recent applications may not be visible yet. Patents assigned under a different entity name won’t match.
Checked: USPTO granted patents and published applications · Oct 23, 2026
Related companies, and why
- BIOANALYTICAL SYSTEMS, INC. (BASI)Similar federal contract value in Medtech · null in contracts
- BIOPOWERTECHSimilar federal contract value in Medtech · null in contracts
- INTEGURX THERAPEUTICS LLCSimilar federal contract value in Medtech · null in contracts
- GREENMARK BIOMEDICAL, INC.Similar federal contract value in Medtech · null in contracts
- INTAILOR BARIATRICS, LLCSimilar federal contract value in Medtech · null in contracts
- LIFE SERVICES, LLCSimilar federal contract value in Medtech · null in contracts
Regulatory activity · Medtech
- New Animal Drugs; Approval of New Animal Drug Applications; Withdrawal of Approval of New Animal Drug Application; Change of SponsorFood and Drug Administration
- Medical Devices; General and Plastic Surgery Devices; Classification of the Skin Patch for Treatment of HyperhidrosisFood and Drug Administration
- Medical Devices; Anesthesiology Devices; Classification of the Monitor for Opioid Induced Impairment of OxygenationFood and Drug Administration
- Medical Devices; Orthopedic Devices; Classification of the Medial Knee Implanted Shock AbsorberFood and Drug Administration
- Medical Devices; Neurological Devices; Classification of the External Lower Extremity Nerve Stimulator for Restless Legs SyndromeFood and Drug Administration
- Medical Devices; General Hospital and Personal Use Devices; Classification of the Infant Supine Sleep SystemFood and Drug Administration
Rules are matched to sector, not to company. Recent activity in a sector is context rather than a signal about this business — until rules are matched to what a company actually builds, the section is shown as context and nothing more.
Sources
Federal grants from SBIR/STTR, NIH, NSF and DoD records. Federal contracts from USAspending.gov. Private capital from SEC Form D. Patents from USPTO. Publications from OpenAlex. Regulatory activity from the Federal Register. Press matched on company name.
How to read this page
Figures show associations in public records, not causes or predictions. Nothing here is investment advice. An em-dash means no record was found under this company's name, not that none exists.
Data freshness
SEC Form D filings through . SBIR and STTR awards through .