RA'ANANA, Israel, April 23, 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 a major milestone achievement in the in-vivo testing of its next-generation VORTX™ technology. This breakthrough innovation is uniquely designed to oxygenate blood effectively without the trauma associated with conventional hollow fiber technologies. The in vivo testing achieved above 9 ...

Core Insights - The company has achieved a significant milestone by generating initial revenues from its FDA-cleared life support technology, specifically the INSPIRA™ ART100 systems, deployed in a leading U.S. healthcare facility [1][2][3] - The revenue generated is in the low hundreds of thousands of dollars, marking a successful step in the company's strategy to expand its presence in the U.S. healthcare market [2][3] - The CEO emphasized that this achievement validates the company's innovative technology and its ability to collaborate with top-tier medical institutions, which is crucial for advancing the adoption of its life-support systems [3] Company Overview - Inspira Technologies is focused on developing innovative respiratory support and diagnostic technologies, with its flagship product, the INSPIRA ART500 system, designed to allow patients to remain awake during treatment while stabilizing oxygen levels without mechanical ventilation [4] - The INSPIRA ART100 system is FDA-cleared for cardiopulmonary bypass procedures and has also received regulatory approvals in Israel for similar applications [4] - The company is also developing the HYLA blood sensor technology for continuous, real-time blood monitoring without the need for blood draws, along with other pipeline products [4] Market Context - The INSPIRA ART500 aims to revolutionize the $19 billion mechanical ventilation market by providing a safer alternative that allows patients to avoid mechanical ventilation during treatment [3] - The company plans to install additional INSPIRA ART100 systems at a second leading academic medical center, further expanding its clinical footprint [2][3]

Core Insights - Inspira Technologies has successfully completed the first human treatment using its FDA-cleared INSPIRA ART100 system in a critical life-support procedure, marking a significant milestone for the company [1][2][3] - The procedure was performed at Westchester Medical Center, where the INSPIRA ART100 provided effective heart and lung support, demonstrating its clinical readiness and reliability [2][3] - The company aims to expand the clinical use of the INSPIRA ART100 across leading hospitals in collaboration with its U.S. distributor, Glo-Med Networks Inc. [3][4] Company Overview - Inspira Technologies specializes in developing innovative respiratory support and diagnostic technologies, with its flagship product being the INSPIRA ART500 system, which aims to revolutionize critical care [4] - The INSPIRA ART100 system has received regulatory approvals for cardiopulmonary bypass procedures in both the U.S. and Israel, showcasing its potential in critical care settings [4] - The company's HYLA blood sensor technology is designed for continuous, real-time blood monitoring without the need for blood draws, indicating a focus on advancing medical technology [4] Collaboration and Market Strategy - Glo-Med Networks Inc. is responsible for the installation, training, and professional services related to the clinical use of the INSPIRA ART100, highlighting the importance of partnerships in the company's strategy [3][6] - Glo-Med has extensive access to next-generation medical products globally, which could facilitate the broader adoption of Inspira's technologies in various markets [6]

Core Insights - Inspira Technologies has successfully deployed its FDA-cleared INSPIRA ART100 system at a premier hospital in New York, marking a significant milestone in the company's deployment plan for cardiopulmonary bypass procedures [1][2][3] - The installation is expected to validate the clinical value of Inspira's innovative approach to extracorporeal life support and establish a commercial presence in the U.S. healthcare market [3][4] - The company aims to revolutionize the $19 billion mechanical ventilation market with its flagship INSPIRA ART500 system, which is designed to replace a significant portion of the estimated 100,000 ventilators in the U.S. with a safer alternative [3][5] Company Overview - Inspira Technologies focuses on developing innovative respiratory support and diagnostic technologies, with its flagship INSPIRA ART500 system enabling patients to remain awake during treatment while stabilizing oxygen levels without mechanical ventilation [5] - The INSPIRA ART100 system has received regulatory approvals for cardiopulmonary bypass procedures in both the U.S. and Israel, and the company is also developing the HYLA blood sensor technology for continuous blood monitoring [5]

Core Insights - Inspira Technologies will showcase its FDA-cleared INSPIRA ART100 cardiopulmonary bypass system at the AmSECT 63rd International Conference from March 19-23, 2025, in San Diego, California [1][2][3] Company Overview - Inspira Technologies is focused on developing innovative life-support and diagnostic technologies, with the INSPIRA ART100 system being a significant advancement in extracorporeal circulation technology [1][5] - The INSPIRA ART100 received FDA 510(k) clearance in May 2024 for use in cardiopulmonary bypass procedures and has also received regulatory approvals in Israel for similar applications [2][5] Industry Context - The AmSECT International Conference is a premier global event for perfusion professionals, emphasizing advancements in extracorporeal circulation, patient care, and perfusion education [4] - The conference provides a platform for showcasing the latest medical technologies and research that shape the future of perfusion [4]

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 ...

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].

Core Insights - Inspira Technologies experienced a transformative year in 2024, marked by significant technological advancements and regulatory milestones, including FDA clearance for the INSPIRA ART100 system [2][4] - The company aims to advance its flagship INSPIRA ART core technologies and plans to submit the HYLA blood monitoring sensor for FDA clearance in the second half of 2025 [2][5] Recent Business and Operational Highlights - The FDA-cleared INSPIRA ART100 system was deployed to Westchester Memorial Center, NY, for clinical evaluation [5] - A modular configuration for the VORTX blood oxygenation technology was unveiled, enhancing critical care practices [5] - The HYLA blood sensor achieved 96% accuracy in clinical studies, with plans for ongoing studies and FDA submission in 2025 [5] - A dedicated production line was established in partnership with Zriha Medical Ltd. to support the manufacturing of key components [5] - New support features for the INSPIRA ART100 system were introduced to improve efficiency for medical teams [5] - Positive initial results were reported from collaboration with Ennocure MedTech Ltd. for infection prevention technology [5] - Leadership was strengthened with the appointment of Mr. Tal Parnes as Chairman of the Board [5] Full Year 2024 Financial Highlights - Total operating expenses decreased to $11,267,000 in 2024 from $12,133,000 in 2023 [8] - R&D expenses decreased to $6,323,000 in 2024 from $7,320,000 in 2023, attributed to various factors including exchange rates and staffing changes [8] - G&A expenses increased to $4,185,000 in 2024 from $4,063,000 in 2023, primarily due to higher professional fees and compensation [8] - Net loss attributable to ordinary shareholders was $11,053,000 in 2024, compared to $11,286,000 in 2023 [8][10] - Cash position as of December 31, 2024, was $5,779,000, down from $7,361,000 in 2023, indicating financial stability for ongoing development [8] Balance Sheet Overview - Total assets decreased to $8,070,000 as of December 31, 2024, from $9,310,000 in 2023 [9] - Current assets included cash and cash equivalents of $5,111,000 and cash deposits of $668,000 [9] - Total liabilities increased slightly to $3,370,000 in current liabilities as of December 31, 2024, from $2,984,000 in 2023 [9]

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].

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]