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Inspira Regains Compliance with Nasdaq Minimum Bid Price Requirement
Globenewswire· 2025-07-18 12:10
Core Insights - Inspira Technologies has regained compliance with Nasdaq Listing Rule 5550(a)(2) regarding minimum bid price requirements, confirming the closing bid price was at or above $1.00 per share for 10 consecutive business days [1][2] Company Developments - The CEO of Inspira Technologies, Dagi Ben-Noon, highlighted that the compliance milestone reflects growing market confidence in the company's strategic direction, emphasizing a transformative shift marked by securing a large commercial order and establishing a government partnership for national adoption and global scaling [3] - Recent achievements include the clinical integration of the ART100 system in Tier-1 U.S. hospitals, expansion of manufacturing capabilities, and a significant $22.5 million purchase order, which are seen as catalysts for ongoing discussions with commercial and governmental entities worldwide [3] Product and Technology Focus - Inspira Technologies specializes in advanced respiratory support and real-time blood monitoring solutions, with its INSPIRA™ ART100 system cleared by the U.S. FDA for cardiopulmonary bypass and ECMO procedures [4] - The company is also developing the INSPIRA ART500, a next-generation system designed for oxygenation while patients remain awake, and advancing the HYLA™ blood sensor platform for continuous, non-invasive monitoring [4] - With multiple cleared products and a growing intellectual property portfolio, Inspira Technologies is positioned as an attractive player in the life-support and MedTech landscape, aligning with industry trends such as consolidation and strategic partnerships [4]
Inspira Technologies Announces Successful Installation of INSPIRA ART100 Systems in Premier U.S. Hospital
Prnewswire· 2025-03-25 12:30
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]