Inspira Technologies Oxy B.H.N. .(IINN)

Search documents
Inspira™ Technologies Prepares its First Life-Support Systems for Deployment at a Leading U.S. Hospital
Prnewswire· 2025-01-22 13:30
Core Viewpoint - Inspira Technologies has successfully delivered its INSPIRA™ ART100 systems to Glo-Med Networks Inc. for deployment in a leading U.S. hospital, marking a significant step in introducing its innovative respiratory support technology to the market [1][2]. Company Overview - Inspira Technologies is focused on revolutionizing life support and respiratory treatment with its Augmented Respiration Technology (INSPIRA™ ART), which aims to potentially replace the $19 billion mechanical ventilation market [4]. - The company targets the 20 million intensive care unit patients with acute respiratory failure annually, offering a non-ventilator solution that stabilizes oxygen saturation levels quickly while allowing patients to remain awake during treatment [4]. Product Development and Regulatory Approvals - The INSPIRA™ ART100 system has received FDA 510(k) clearance for use in cardiopulmonary bypass (CBP) procedures and has also obtained Israeli AMAR certification for both Extra-Corporeal Membrane Oxygenation and CBP procedures [5]. - The INSPIRA™ ART100 is designed in collaboration with leading U.S. clinicians and is set to integrate with the HYLA™ continuous blood monitoring technology, which is currently undergoing clinical evaluations [3]. Market Strategy - The initial deployment of the INSPIRA™ ART100 systems will target hospitals on the U.S. east coast, specifically a top-ranked New York hospital's cardiothoracic surgery division, to facilitate collaboration and brand introduction [2]. - The company aims to leverage these deployments to familiarize physicians and perfusionists with its technologies and brand [2].
Inspira™ Announces the Appointment of Tal Parnes as the New Chairman of the Board, Bringing Vast Experience in the Medical Technology and Pharmaceutical Sectors
Prnewswire· 2025-01-21 13:30
Core Viewpoint - Inspira Technologies OXY B.H.N. Ltd. has appointed Mr. Tal Parnes as the new chairman of the board of directors, effective February 1, 2025, aiming to enhance the company's leadership and strategic vision in the medical technology sector [1][4]. Company Leadership - Mr. Tal Parnes brings over three decades of experience in the technology sector, particularly in medical technology and pharmaceuticals, and has served as an independent director of the company since July 2021 [1][2]. - His previous roles include co-founding and serving as CEO of Zuta-Core Ltd. and HQL Pharmaceuticals Ltd., as well as holding executive positions at Silynx Communications Inc., Wavion Inc., Atrica Ltd., and Printlife Ltd. [3]. Strategic Impact - Mr. Parnes' leadership is expected to refine the company's strategic vision and bolster its competitive advantage in the market, positioning the company for sustainable success [4]. - The company expresses gratitude to Prof. Benad Goldwasser for his contributions as chairman since 2021, highlighting his support during the company's Nasdaq listing [5]. Product Innovation - Inspira Technologies is focused on life-support technology, having developed the Augmented Respiration Technology (INSPIRA™ ART), which aims to revolutionize the $19 billion mechanical ventilation market [6]. - The INSPIRA ART provides an alternative for patients with acute respiratory failure, stabilizing oxygen saturation levels without the need for a ventilator, allowing patients to remain awake during treatment [6]. Regulatory Approvals - The INSPIRA™ ART100 system has received FDA 510(k) clearance for use in cardiopulmonary bypass procedures and has also obtained Israeli AMAR certification for similar applications [7]. Future Developments - The company is in the process of designing and developing additional products, including the INSPIRA™ ART500, INSPIRA™ Cardi-ART, VORTX™ Oxygen Delivery System, and HYLA™ blood sensor, which are not yet tested or approved for human use [8].
Inspira™ Technologies Collaborates With Zriha Medical To Launch Cutting-Edge Production Line
Prnewswire· 2025-01-17 13:30
Company Collaboration and Production - Inspira Technologies is establishing a dedicated production line for a crucial component of its respiratory support system in collaboration with Zriha Medical Ltd, a leading international manufacturer specializing in medical device production [1] - The collaboration involves the manufacture of a flow mechanism integrated into Inspira's products for use in extracorporeal circulation of blood during oxygenation [1] - Zriha Medical's capabilities in precision assembly and clean room environments are well-suited for this collaboration, potentially enabling Inspira to scale up production and accelerate market entry [2] - Zriha Medical brings over 50 years of experience in advanced plastic and silicone injection, metal processing technologies, and ISO 13485-certified clean room facilities [2] Inspira Technologies' Products and Market - Inspira Technologies is an innovative medical technology company focused on life support and respiratory treatment, with a breakthrough Augmented Respiration Technology (INSPIRA™ ART) targeting the $19 billion mechanical ventilation market [3] - The INSPIRA ART offers a potential alternative to mechanical ventilators by stabilizing oxygen saturation levels in minutes without requiring patients to be sedated, with 20 million ICU patients suffering from acute respiratory failure annually [3] - The INSPIRA ART is equipped with a clip-on HYLA™ blood sensor, a real-time continuous blood monitoring technology designed to alert physicians of changes in patient conditions without intermittent blood sampling [3] - The INSPIRA™ ART100 system has obtained FDA 510(k) clearance for use in CBP procedures and Israeli AMAR certification for ECMO and Cardiopulmonary Bypass procedures [4] Product Development and Regulatory Status - Inspira's other products, including the INSPIRA™ ART500 (Gen 2), INSPIRA™ Cardi-ART portable modular device, VORTX™ Oxygen Delivery System, and HYLA™ blood sensor, are currently in the design and development phase and have not yet been tested in humans or approved by regulatory entities [5]
Inspira™ Technologies Unveils Modular Configuration for Revolutionary VORTX™ Blood Oxygenation Delivery Technology
Prnewswire· 2025-01-14 13:30
Core Insights - Inspira Technologies has developed a modular configuration for its VORTX blood oxygenation delivery technology, which aims to significantly advance extracorporeal oxygenation and transform critical care practices globally [1][4] - The INSPIRA ART system targets the $19 billion mechanical ventilation market, designed to stabilize declining oxygen saturation levels in patients while they are awake and without the use of a ventilator [2][5] - The VORTX system represents a potential paradigm shift in blood oxygenation technology, maintaining a more natural blood flow and reducing harmful effects on blood components, supported by 32 novel patent claims [3] Company Overview - Inspira Technologies is an innovative medical technology company focused on life support and respiratory treatment, with its flagship product, the INSPIRA ART, offering a potential alternative to mechanical ventilators for the 20 million ICU patients with acute respiratory failure annually [5] - The INSPIRA ART is equipped with a HYLA blood sensor for real-time continuous blood monitoring, allowing physicians to make informed decisions without the need for intermittent blood samples [5] - The INSPIRA ART100 system has received FDA 510(k) clearance and Israeli AMAR certification for use in cardiopulmonary bypass procedures [6] Product Development - The modular configuration of the VORTX technology is expected to enhance its versatility and applicability across various medical scenarios [4] - Other products in development include the INSPIRA ART500, Cardi-ART portable modular device, and VORTX Oxygen Delivery System, which have not yet been tested in humans or approved by regulatory entities [7]
Inspira™ Preparing Production in Response to Spread of Respiratory Virus in China
Prnewswire· 2025-01-10 11:15
Regulatory Approvals and Certifications - The INSPIRA™ ART100 system received FDA 510(k) clearance for use in CBP procedures in June and July 2024 [1] - The system also obtained Israeli AMAR certification for Extra-Corporeal Membrane Oxygenation and Cardiopulmonary Bypass procedures [1] Production and Market Readiness - The company is preparing for a potential production ramp-up of the INSPIRA™ ART100 device due to the recent hMPV outbreak in China [2] - Discussions are ongoing with leading providers in affected regions to evaluate demand for advanced respiratory solutions [3] - The company is working closely with suppliers to secure raw materials and components to meet potential demand spikes [4] - Production plans are being adjusted based on the evolving hMPV situation globally [4] Company Preparedness and Strategy - The company believes it is well-positioned to meet potential increased demand for advanced respiratory support systems [4] - Increased production capacity is aimed at ensuring healthcare providers have access to vital respiratory care equipment [5] - Preparedness measures are precautionary and align with the company's commitment to global health readiness [5] Product Development and Innovation - The company is developing other products and technologies, including the INSPIRA ART (INSPIRA™ ART500 or Gen 2), INSPIRA™ Cardi-ART portable modular device, VORTX™ Oxygen Delivery System, and HYLA™ blood sensor [6] - These products are currently in the design and development phase and have not yet been tested or used in humans nor approved by any regulatory entity [6] Market Potential and Technology Impact - The INSPIRA™ ART is a groundbreaking device aimed at revolutionizing the $19 billion mechanical ventilation market [7] - The technology offers a potential alternative to mechanical ventilators by elevating and stabilizing decreasing oxygen saturation levels in minutes without a ventilator, with patients being awake during treatment [7] - The INSPIRA ART is equipped with a clip-on HYLA™ blood sensor, a real-time continuous blood monitoring technology, aiming to alert physicians of changes in a patient's condition without the need for intermittent actual blood samples [7]
Inspira™ Technologies Flagship Technology to be Showcased at Arab Health Expo 2025 in Dubai
Prnewswire· 2025-01-07 13:15
Visitors at Glo-Med Network Inc's booth can explore Inspira's cutting-edge respiratory solutions, with the FDA-cleared INSPIRA™ ART100, showcasing the future of respiratory careRA'ANANA, Israel, Jan. 7, 2025 /PRNewswire/ -- Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ: IINN) (NASDAQ: IINNW), ("Inspira Technologies," "Inspira" or the "Company"), a groundbreaking respiratory support technology company, is pleased to announce that the INSPIRA™ ART100, a cardiopulmonary bypass system will be showcased at Arab H ...
Inspira™ Announces Pricing of $3.2M Private Placement by New and Existing Investors of the Company
Prnewswire· 2024-12-27 15:09
Core Viewpoint - Inspira Technologies Oxy B.H.N. Ltd. has announced a private placement offering to raise capital for working capital and general corporate purposes, with the closing expected around December 30, 2024 [1][4]. Company Overview - Inspira Technologies is a pioneering company in respiratory support technology, focusing on life-support innovations [4]. - The company has developed the Augmented Respiration Technology (INSPIRA™ ART), which aims to transform the $19 billion mechanical ventilation market by providing an alternative for patients with acute respiratory failure [8]. - The INSPIRA ART can stabilize decreasing oxygen saturation levels within minutes without the use of traditional ventilators, allowing patients to remain awake during treatment [8]. Product Development - The INSPIRA™ ART100 system has received FDA 510(k) clearance for use in Cardiopulmonary Bypass procedures and has also obtained Israeli AMAR certification for Extra-Corporeal Membrane Oxygenation and Cardiopulmonary Bypass procedures [9]. - Other products in development include the INSPIRA™ ART500, the INSPIRA™ Cardi-ART portable device, the VORTX orbiting Oxygen Delivery System, and the HYLA™ blood sensor, which are not yet tested or approved for human use [10]. Financial Details - The private placement consists of 4,608,715 ordinary shares and warrants at a combined purchase price of $0.70, with warrants having an exercise price of $1.10 per share and a term of eighteen months [4].
Inspira™ Technologies Delivers Systems to Leading Distributor for U.S. Deployment
Prnewswire· 2024-12-16 13:30
RA'ANANA, Israel, Dec. 16, 2024 /PRNewswire/ -- Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ: IINN, IINNW), ("Inspira Technologies," "Inspira" or the "Company"), a groundbreaking respiratory support technology company, announced the delivery of INSPIRA™ ART100 systems to its U.S. distributor, Glo-Med Networks Inc ("Glo-Med"). The systems were shipped in fulfilment of a purchase order issued by Glo-Med to Inspira.The delivered INSPIRA™ ART100 systems will be distributed to sales targets across hospitals on t ...
Inspira™ Collaborates with New York's Westchester Medical Center to Evaluate the INSPIRA™ ART100 Functionality and Performance in Clinical Scenarios
Prnewswire· 2024-12-04 12:00
RA'ANANA, Israel, Dec. 4, 2024 /PRNewswire/ -- Inspira Technologies OXY B.H.N. Ltd. (Nasdaq: IINN), (Nasdaq: IINNW) ("Inspira Technologies", "Inspira" or the "Company"), a groundbreaking life support technology company, entered into a strategic collaboration with Westchester Medical Center in Valhalla, New York. Westchester Medical Center, the flagship hospital in the Westchester Medical Center Health Network, will evaluate the performance and effectiveness of the new U.S. Food and Drug Administration (FDA) ...
Join Inspira™ Technologies' Live Investor Webinar and Q&A Session on November 11
Prnewswire· 2024-11-08 14:11
RA'ANANA, Israel, Nov. 8, 2024 /PRNewswire/ -- Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ: IINN), ("Inspira Technologies" or the "Company"), an innovative medical technology company in the life support and respiratory treatment arena, is pleased to invite investors to a webinar on November 11, 2024, at 4:15 p.m. EST.The exclusive event, hosted by RedChip Companies, will feature Joe Hayon, President of Inspira Technologies, who will highlight the Company's developments, including its development of innovat ...