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INSPIRA ART100 System Approved by Israel's Largest Healthcare Provider for Use in Organ Transplant Patients
GlobeNewswire News Room· 2025-05-07 12:45
RA'ANANA, Israel, May 07, 2025 (GLOBE NEWSWIRE) -- Inspira™ Technologies OXY B.H.N. Ltd. (NASDAQ: IINN) ("Inspira" or the "Company"), a pioneer in innovative life-support and diagnostic technologies, today announced that the INSPIRA™ ART100 has been approved by Israel's largest healthcare provider to undergo a clinical validation by leading physicians who intend to use the innovative life-support and diagnostic device during organ transplant procedures.  As part of this advancement, Inspira will deploy the ...
Inspira Technologies Generates First Revenues from Deployment of INSPIRA ART100 Systems
GlobeNewswire· 2025-04-15 13:15
The Company achieves significant milestone with initial revenues generated from FDA-cleared life support technology deployed in a leading U.S. healthcare facility; additional systems currently planned for second hospital facilityRA'ANANA, Israel, April 15, 2025 (GLOBE NEWSWIRE) -- RA'ANANA, Israel, April 15, 2025 -- Inspira™ Technologies OXY B.H.N. Ltd. (NASDAQ: IINN) ("Inspira" or the "Company"), a pioneer in innovative life-support and diagnostic technologies, today announced that it has received payment ...
Inspira Technologies Announces Successful Treatment of First Patient with INSPIRA ART100 at Westchester Medical Center
Newsfilter· 2025-04-07 12:30
RA'ANANA, Israel, April 07, 2025 (GLOBE NEWSWIRE) -- Inspira™ Technologies OXY B.H.N. Ltd. (NASDAQ:IINN, IINNW)) ("Inspira" or the "Company"), a pioneer in innovative life-support and diagnostic technologies, today announced the successful completion of the first human treatment using its U.S. Food and Drug Administration-cleared INSPIRA™ ART100 system in a critical life-support procedure. The procedure was successfully performed by expert physicians at Westchester Medical Center in New York State, marking ...
Inspira Technologies Announces Successful Installation of INSPIRA ART100 Systems in Premier U.S. Hospital
Prnewswire· 2025-03-25 12:30
Inspira's innovative FDA-cleared INSPIRA™ ART100 system was successfully deployed at premier U.S. hospital, with systems in place for clinical use RA'ANANA, Israel, March 25, 2025 /PRNewswire/ -- Inspira™ Technologies OXY B.H.N. Ltd. (NASDAQ: IINN) ("Inspira" or the "Company"), a pioneer in innovative life-support and diagnostic technologies, today announced that it has successfully completed the installation, training program and operational readiness for its INSPIRA ART100 system for cardiopulmonary bypa ...
Inspira Technologies' Innovative Life-Support System to be Showcased at AmSECT 63rd International Conference 2025 in San Diego
Prnewswire· 2025-03-19 12:30
Leading perfusion professionals to experience Inspira's FDA-cleared cardiopulmonary bypass INSPIRA™ ART100 technology at premier industry event RA'ANANA, Israel, March 19, 2025 /PRNewswire/ -- Inspira™ Technologies OXY B.H.N. Ltd. (Nasdaq: IINN) ("Inspira," "Inspira Technologies" or the "Company"), a pioneer in innovative life-support and diagnostic technologies, today announced that its U.S. Food and Drug Administration-cleared life-support system, the INSPIRA™ ART100, will be showcased at the American Soc ...
Inspira Technologies Releases CEO Update: Major Milestones Signal Next-Level Respiratory Care
Prnewswire· 2025-03-14 11:00
Letter from the CEO / March 14, 2025 RA'ANANA, Israel, March 14, 2025 /PRNewswire/ -- Inspira™ Technologies OXY B.H.N. Ltd. ("Inspira," "Inspira Technologies" or the "Company") (Nasdaq: IINN), a pioneering force in the evolution of respiratory support and real-time blood-monitoring technologies, is pleased to share this update to shareholders from its Chief Executive Officer, Director, and Co-founder, Mr. Dagi Ben Noon. Dear Valued Shareholders, We founded Inspira Technologies with a bold vision: to radical ...
Inspira Technologies Receives Nasdaq Notification Regarding Minimum Bid Requirement
Prnewswire· 2025-03-13 20:30
Core Viewpoint - Inspira Technologies has received a notice from Nasdaq indicating non-compliance with the minimum bid price requirement, as its ordinary shares have been trading below $1.00 for 30 consecutive business days [1][2]. Compliance Period and Requirements - The company has been granted a 180-calendar day compliance period until September 8, 2025, to regain compliance by ensuring the closing bid price meets or exceeds $1.00 for at least 10 consecutive business days [2]. - If compliance is not achieved by the deadline, the company may qualify for a second 180-calendar day compliance period, provided it meets other listing requirements and notifies Nasdaq of its intention to cure the deficiency [3]. Monitoring and Future Actions - The company plans to monitor the closing bid price of its ordinary shares and will consider options to regain compliance within the specified period [4]. - Despite the notice, the company's ordinary shares will continue to be listed and traded on the Nasdaq Capital Market during this compliance period [4]. Company Overview - Inspira Technologies is focused on developing innovative respiratory support and diagnostic technologies, with its flagship product, the INSPIRA ART system, designed to improve critical care by stabilizing oxygen levels without mechanical ventilation [6]. - The INSPIRA ART100 system has received regulatory approvals for use in cardiopulmonary bypass procedures in both the U.S. and Israel [6]. - The company is also developing the HYLA™ blood sensor technology for continuous, real-time blood monitoring without blood draws, along with other pipeline products that are currently in development [6].
Inspira Technologies Reports Full Year 2024 Financial Results and Provides Business Updates
Prnewswire· 2025-03-11 12:30
Significant progress in HYLA blood sensor and INSPIRA ART core technologies RA'ANANA, Israel, March 11, 2025 /PRNewswire/ -- Inspira™ Technologies OXY B.H.N. Ltd. (NASDAQ: IINN) ("Inspira" or the "Company"), a pioneer in innovative life-support and diagnostic technologies, today announced its financial results for the full year ended December 31, 2024, and provided a corporate update.Dagi Ben-Noon, Chief Executive Officer of Inspira, commented: "2024 was a transformative year for Inspira, marked by signific ...
Inspira Technologies Oxy B.H.N. .(IINN) - 2024 Q4 - Annual Report
2025-03-10 21:29
Product Development and Commercialization - The company is highly dependent on the successful development, marketing, and sale of its respiratory support products, which are critical to its business model [63]. - The company anticipates significant challenges in commercializing its products, including potential financial resource limitations and manufacturing capabilities [63][64]. - The success of the company's products relies on market acceptance and the ability to compete effectively against existing solutions in the respiratory support market [65]. - The company faces risks related to regulatory approvals, which are crucial for the commercialization of its products [69]. - The company plans to expand its commercial operations in the U.S., Israel, and Europe, which is vital for revenue growth [75]. - The company has limited manufacturing history and anticipates incurring significant losses until it can successfully commercialize its products globally [81]. - The company may need to curtail or discontinue product development efforts if funding is not obtained in a timely manner [141]. - The company submitted a 510(k) application for the INSPIRA ART100 system in September 2023 and received class II regulatory clearance in May 2024 [151]. - Any modifications to the INSPIRA ART100 system that have not been previously cleared may require a new 510(k) premarket notification or PMA approval, which could delay product introductions [151]. Financial Condition and Capital Requirements - The company has incurred accumulated losses of approximately $67 million as of December 31, 2024, raising substantial doubt about its ability to continue as a going concern [127]. - The company has not generated significant revenues from its activities and has incurred substantial operating losses since its inception [127]. - Significant capital expenditures may be required for expected growth, potentially diverting financial resources from other projects [88]. - The company expects to continue generating substantial operating losses and will primarily fund operations through current financial resources and additional capital raises [127]. - The company will need to raise substantial additional funding to support operations and product commercialization, which may not be available on acceptable terms [137]. - As of December 31, 2024, the company had cash and cash equivalents of approximately $5.8 million, with a working capital of approximately $5.0 million, expected to fund operations for only the next six months [137]. - Future acquisitions or strategic partnerships may increase capital requirements and expose the company to various risks, including dilution of shareholders and additional debt [114]. Competition and Market Risks - The company faces intense competition from established players in the medical device industry, which may limit its market entry and sales [92]. - Competitors have greater brand recognition, financial resources, and regulatory capabilities, posing a risk to the company's market share [93]. - The company may struggle to maintain adequate reimbursement rates from third-party payors, negatively impacting revenue [97]. - Recent declines in reimbursement rates from certain third parties could continue, affecting the company's financial condition [98]. - Future healthcare reforms may lead to more rigorous coverage criteria and downward pressure on reimbursement rates for approved products [191]. Regulatory and Compliance Challenges - The company faces risks related to regulatory approvals, which are crucial for the commercialization of its products [69]. - The company is subject to extensive government regulation and oversight, with potential consequences for non-compliance that could adversely affect operations [145]. - Regulatory approvals are critical for the company’s products, with the 510(k) clearance process typically taking three to twelve months, while the PMA process can take one to three years or longer [148]. - The company must ensure that third-party manufacturers comply with applicable regulations to avoid delays in product delivery and potential enforcement actions [163]. - The company is subject to ongoing regulatory requirements governing the manufacture, marketing, and sale of devices, which could impact its operations and financial condition [158]. - Changes in regulations or policies could impose additional costs or lengthen review times for future products, affecting the company's operations [185]. Operational Risks - The company is vulnerable to supply chain issues due to reliance on third-party manufacturers and suppliers for its product components [77][78]. - The company may face challenges in maintaining high-quality service from third-party providers, which could impact its product utility and reputation [83]. - The company has a small workforce of 38 full-time employees, and the loss of key personnel could adversely affect its business operations [86]. - The company may face difficulties in recruiting additional employees and consultants, which could disrupt operations [87]. - The company has implemented business continuity and disaster recovery plans, but remains vulnerable to cybersecurity incidents and data breaches [116]. Intellectual Property and Litigation Risks - The ability to protect patent rights is crucial for competitive positioning, and failure to secure patents may allow competitors to replicate products [205]. - The company may face significant litigation expenses and resource diversion due to potential claims of intellectual property infringement, which could adversely affect its business [216]. - Changes in patent laws or their interpretation could increase uncertainties and costs related to patent applications and enforcement, impacting the company's financial condition [217]. - The company may not be able to protect its intellectual property rights globally, leading to potential competition from products developed in jurisdictions without patent protection [223]. - The company may experience substantial costs and distractions from defending against claims challenging the inventorship of its intellectual property [222]. Market and Economic Conditions - Changes in economic conditions could adversely affect customer expenditures and the company's liquidity [104]. - The company is subject to potential product liability claims and recalls, which could harm its reputation and financial results [102]. - The trading price of the company's Ordinary Shares and Warrants has been highly volatile since the IPO in July 2021, influenced by broader market conditions and industry factors [228]. - The company may experience future dilution from additional equity offerings, which could affect existing shareholders [244]. Geopolitical Risks - The company’s principal operations are located in Israel, making it susceptible to political, economic, and military instability in the region [249]. - As of March 3, 2025, the ongoing multi-front conflict in the region may adversely affect the company's operations and financial condition [250]. - Four employees have been called up for military service due to the current conflict, which may disrupt operations [252]. - The company may face increased risks from boycotts, divestment, and sanctions, which could impact its financial condition and business expansion [253]. - Changes to Israel's judicial system may negatively impact the business environment, affecting foreign investment and the company's ability to raise funds [254].
Inspira Technologies Announces Positive Results from Clinical Study of HYLA Blood Sensor, Achieving 96% Accuracy
Prnewswire· 2025-03-04 13:30
Core Insights - Inspira Technologies announced positive results from its clinical study of the AI-powered HYLA blood sensor, achieving 96% accuracy for a key parameter compared to traditional blood test analyzers [2][3] - The HYLA technology aims to provide continuous, real-time blood monitoring without the need for blood draws, targeting multiple multi-billion-dollar market segments [1][5] - The company plans to submit for FDA approval in the second half of 2025, with the goal of deploying the technology in U.S. hospitals for data collection and post-market validation [4][6] Clinical Study Details - The clinical study involved 6 patients undergoing open-heart surgery, where the HYLA sensor was attached to monitor blood flow during the procedure [2][3] - The HYLA sensor demonstrated 92.3% accuracy in identifying oxygen deficiencies, showcasing its potential for early detection and personalized care [2][3] - Data from the clinical study will be used to enhance the AI algorithms and improve the accuracy of the monitoring system [2][3] Market Potential - The HYLA blood sensor targets the blood gas analyzer market, projected to reach $5.7 billion by 2030, and could strengthen Inspira's position in the $19 billion mechanical ventilation market [5] - The technology is designed for versatility across various clinical settings, including intensive care units and operating rooms, with applications in critical care monitoring and emergency medicine [5][6] Company Overview - Inspira Technologies focuses on developing innovative respiratory support and diagnostic technologies, with its flagship INSPIRA ART system aimed at revolutionizing critical care [6][7] - The company has received regulatory approvals for its INSPIRA ART100 system for cardiopulmonary bypass procedures in the U.S. and Israel [7]