Advanced respiratory support
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Inspira Technologies Reports First Half 2025 Financial Results and Issues Business Update
Globenewswire· 2025-10-01 12:00
Core Insights - Inspira Technologies has transitioned from a development-stage company to commercial execution, achieving significant milestones including $49.5 million in binding purchase orders and clinical validation in leading hospitals [2][4] - The HYLA blood sensor has demonstrated a 97.35% accuracy rate, positioning the company favorably for FDA submission and enhancing its growth outlook [2][5] - The company is targeting an annual revenue run rate of at least $70 million in 2026, driven by confirmed global demand and an expanding product pipeline [2][5] Recent Business and Operational Updates - The company secured binding purchase orders totaling $49.5 million for the INSPIRA™ ART100 system, including a $22.5 million order and a $27 million order from a national ministry of health in Africa [5] - The first human treatment using the ART100 system was successfully completed at Westchester Medical Center in April 2025, validating the technology's performance [5] - The ART100 system has been expanded for use in lung transplantation procedures at a top U.S. hospital [5] - U.S. patent approval was received for the INSPIRA™ ART500 core technology, providing protection until at least 2043 [5] - The company engaged a strategic consulting firm to accelerate growth initiatives and maximize enterprise value [5] Financial Results for the Six Months Ended June 30, 2025 - Revenues recognized were $289,000, with a gross profit of $2,000 after accounting for costs of $287,000 [4][15] - Total operating expenses increased to $7,235,000 compared to $5,806,000 in the same period in 2024, primarily due to increases in general and administrative expenses [9][15] - Research and development expenses rose to $3,638,000 from $3,270,000 in the same period in 2024 [9][15] - The net loss for the period was $6,398,000, slightly higher than the net loss of $6,240,000 for the same period in 2024 [9][15] Cash Position and Financial Liabilities - As of June 30, 2025, the company had cash and cash equivalents of $2,126,000, down from $5,779,000 as of December 31, 2024 [9][12] - Financial liabilities at fair value totaled $886,000, a decrease from $1,575,000 as of December 31, 2024 [9][12]
Top U.S. Honor Roll Hospital Expands Use of INSPIRA™ ART100 System to Lung Transplant Procedures
Globenewswire· 2025-09-02 13:00
Core Insights - Inspira Technologies has expanded the clinical use of its INSPIRA™ ART100 system to lung transplantation procedures at a top U.S. hospital, indicating strong validation of the system's performance and clinical value [1][2] - The expansion reflects growing confidence from leading hospitals in Inspira's technology and highlights the ART100's potential as a reliable platform for advanced respiratory support [2][3] - The company has recently secured multi-million dollar binding government orders for ART100 systems, showcasing its increasing global footprint and commercial momentum [3] Company Overview - Inspira Technologies is a commercial-stage medical device company specializing in advanced respiratory support and real-time blood monitoring solutions [4] - The INSPIRA™ ART100 system is FDA-cleared for cardiopulmonary bypass in the U.S. and ECMO procedures outside the U.S., with plans for a next-generation system, the INSPIRA ART500, designed for awake patients [4] - The company is advancing its proprietary blood sensor platform, HYLA™, and is strategically streamlining operations to align with long-term industry trends such as consolidation and potential strategic partnerships [4]
Inspira Receives U.S. Patent Approval for the ART500 Core Technology, Key Patent Positions the Company to Dominate $20 Billion Estimated Market
Globenewswire· 2025-08-22 12:45
Core Insights - Inspira Technologies has received U.S. Patent approval for its low flow rates extracorporeal oxygenation system, which is central to the ART500 device, targeting a $20 billion market for advanced respiratory support [1][2][3] Company Overview - Inspira Technologies is a commercial-stage medical device company focused on advanced respiratory support and real-time blood monitoring solutions, with its ART100 system already cleared by the FDA for cardiopulmonary bypass and ECMO procedures [4] - The ART500 system is designed to provide oxygenation while patients remain awake and spontaneously breathing, expanding the potential market by addressing an underserved patient population [2][4] Intellectual Property and Market Position - The newly granted patent protects the ART500's functionality, design, and clinical applications until at least 2043, enhancing the company's intellectual property portfolio and reinforcing its technological leadership [3][4] - The patent approval is seen as a critical component of the company's growth strategy, providing a competitive advantage and a pathway to long-term value for shareholders [3][4] Future Prospects - The company is pursuing additional patents in major jurisdictions worldwide to further expand its intellectual property coverage, indicating a proactive approach to securing its market position [3][4]
CORRECTION - Inspira Scales Up ART100 Production Capabilities Amid Advanced Negotiation with European Government Authority
Globenewswire· 2025-06-05 15:15
Core Insights - Inspira Technologies is scaling up production capabilities for its FDA-cleared INSPIRA™ ART100 system in response to anticipated demand from a European governmental authority, with advanced-stage procurement negotiations underway [1][2][3] - The ART100 system is already in clinical use in the U.S. and is recognized as a reliable device for critical care and emergency preparedness [2][3] - The company aims to fast-track revenue generation from the ART100 system while continuing to develop next-generation platforms, including the ART500 and HYLA™ blood sensor [3][4] Company Overview - Inspira Technologies specializes in advanced respiratory support and real-time blood monitoring solutions, with the ART100 system approved for cardiopulmonary bypass in the U.S. and ECMO procedures outside the U.S. [5] - The ART500 is a next-generation system designed to provide oxygenation while patients remain awake and spontaneously breathing, and the HYLA™ platform offers continuous, non-invasive blood monitoring [5] - The company is positioned as an attractive platform within the critical care and MedTech landscape, reflecting broader industry trends such as consolidation and cross-sector collaboration [5]
Inspira Scales Up ART100 Production Capabilities Amid Advanced Negotiation with European Government Authority
Globenewswire· 2025-06-05 13:15
Core Insights - Inspira Technologies has scaled up production capabilities for its FDA-cleared INSPIRA ART100 system in anticipation of demand from a European governmental authority, with advanced-stage procurement negotiations ongoing [1][2][3] - The ART100 system is already in clinical use in the U.S. and is recognized as a reliable device for critical care and emergency preparedness [2][3] - The company aims to fast-track revenue generation from the ART100 system while continuing to develop next-generation platforms, including the ART500 and HYLA blood sensor [3][4] Company Overview - Inspira Technologies specializes in advanced respiratory support and real-time blood monitoring solutions, with the ART100 system approved for cardiopulmonary bypass in the U.S. and ECMO procedures outside the U.S. [5] - The ART500 is a next-generation system designed to provide oxygenation while patients remain awake and spontaneously breathing, and the HYLA platform offers continuous, non-invasive blood monitoring [5] - The company is positioned as an attractive platform within the critical care and MedTech landscape, reflecting broader industry trends such as consolidation and potential strategic partnerships [5]