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Inspira Appoints Former Johnson & Johnson Senior Business Manager as VP of Global Sales and New Board Member from a Leading International Investment Firm
Globenewswire· 2025-10-21 19:40
Core Insights - Inspira Technologies has announced two key leadership appointments to enhance its global commercialization and governance, with Mr. Mike Hershkovitz as Vice President of Global Sales and Ms. Sivan Matza as an independent director on the Board [1][4][5] Leadership Appointments - Mr. Mike Hershkovitz brings nearly two decades of experience in U.S. and international healthcare markets, having held senior roles at Johnson & Johnson and other global med-tech organizations, and will lead Inspira's sales strategy and hospital adoption initiatives [3][5] - Ms. Sivan Matza, a director at a leading international investment management firm overseeing tens of billions in assets, will serve on the Board's compensation, audit, and financial statement examination committees, strengthening the company's governance framework [2][4] Strategic Implications - The appointments are seen as a strategic step to enhance Inspira's capabilities, with a focus on accelerating commercial expansion and strengthening governance as the company grows [4][5] - The combined expertise of the new leaders is expected to act as a catalyst for Inspira's next phase of growth and execution, particularly in driving the adoption of its technologies in hospitals worldwide [5] Company Overview - Inspira Technologies specializes in advanced respiratory support and real-time blood monitoring solutions, with FDA-cleared products including the INSPIRA™ ART100 system for cardiopulmonary bypass and ECMO procedures [7] - The company is also developing the INSPIRA ART500 system and the HYLA™ blood sensor platform, positioning itself as an attractive player in the life-support and MedTech landscape [7]
Inspira in High-Level Government Talks to Advance National Integration of the ART100 and Establish a Global Distribution Framework
Globenewswire· 2025-07-07 12:50
Core Insights - Inspira Technologies is engaged in high-level discussions with a government health authority outside the U.S. to integrate its FDA-cleared ART100 system into national emergency infrastructure and establish a global distribution framework [1][2][5] - The meeting scheduled for July 8, 2025, aims to define key terms and a roadmap for this strategic collaboration, initiated by the government seeking next-generation medical technologies [2][3] - The government involved has extensive commercial ties and diplomatic channels, which will be leveraged to enhance the profitability of a recent $22.5 million purchase order received by Inspira [3][4] Company Overview - Inspira Technologies specializes in advanced respiratory support and real-time blood monitoring solutions, with its ART100 system approved for cardiopulmonary bypass in the U.S. and ECMO procedures outside the U.S. [6] - The company is also developing the INSPIRA ART500, a next-generation system for oxygenation while patients remain awake, and advancing the HYLA blood sensor platform for continuous, non-invasive monitoring [6] - Recent internal shifts within the company may align with broader industry trends such as consolidation, cross-sector collaboration, and potential strategic partnerships [6]
Inspira Technologies Secures $22.5 Million Purchase Order, Launches Full Revenue Execution Phase
Globenewswire· 2025-07-02 13:23
Core Insights - Inspira Technologies has secured a binding purchase order worth $22.5 million for its FDA-cleared ART100 system, marking a significant commercial milestone for the company [1][3][4] - The order is expected to be fully paid during 2025, with immediate implementation already underway [2] - This purchase order is seen as a small portion of the total addressable market that Inspira is targeting globally, indicating potential for further growth [3] Company Developments - The CEO of Inspira Technologies highlighted that this order reflects confidence in their technology and confirms market demand, paving the way for future global deployments [4] - The company is in advanced negotiations with additional healthcare companies and governmental institutions, which may lead to further commercial agreements soon [4][5] - Recent milestones for the company include successful clinical integration in Tier-1 hospitals and expansion of manufacturing capabilities [5] Product and Market Position - Inspira Technologies specializes in advanced respiratory support and real-time blood monitoring solutions, with its ART100 system approved for cardiopulmonary bypass in the U.S. and ECMO procedures outside the U.S. [6] - The company is also developing the next-generation INSPIRA ART500 system and a proprietary blood sensor platform, HYLA™, which enhances its position in the life-support and MedTech landscape [6] - With multiple cleared products and a growing intellectual property portfolio, Inspira is strategically aligning with long-term industry trends such as consolidation and cross-sector collaboration [6]