Inspira Tech jumps on U.S. patent for blood infusion device

Qtrex Quantum

23/01/2023 17:11

** Shares of medical device co Inspira Technologies Oxy
B.H.N Ltd  IINN.O  jump 22.4% to $1.53 - set for its biggest
one-day pct gain in over a month, if gains hold 
    ** Co says its disposable device used to drain and reinfuse
blood during certain procedures has been granted patent in the
U.S.
    ** The device, convertible dual lumen cannula, is used
during procedures such as extracorporeal membrane oxygenation
(ECMO)- IINN 
    ** The device is being developed for Inspira Art system, a
potential treatment under development for acute respiratory care
- IINN  
    ** ECMO uses an external device to pump blood and maintain
oxygen and carbon dioxide balance for people with
life-threatening illness or injury that affects the function of
their heart or lungs
    ** Co says the patent approval includes 20 claims that were
found to be new - IINN
    ** IINN says it plans to file for similar patents in other
countries
    ** Including session moves, IINN has fallen ~35% in the past
12 months 
 (Reporting by Mariam E Sunny)
 ((Mariam.ESunny@thomsonreuters.com;))