Inspira Technologies Oxy (IINN) Stock: Why It Surged Over 78% Today

By Amit Chowdhry ● Jul 6, 2022
  • The stock price of Inspira Technologies Oxy BHN Ltd (NASDAQ: IINN) surged by over 78% during intraday trading today. This is why.

The stock price of Inspira Technologies Oxy BHN Ltd (NASDAQ: IINN) surged by over 78% during intraday trading today. Investors are responding positively to Inspira Technologies OXY revealing the development of the HYLA blood sensor. And without the need to take actual blood samples from patients, Inspira’s non-invasive optical blood sensor is being designed to perform real-time and continuous blood monitoring to alert physicians of immediate signs of changes in a patient’s clinical condition. The HYLA blood sensor is targeting the potential $2.5 billion Point of Care testing, ABG (Arterial Blood Gas) analyzer market.

The non-invasive HYLA blood sensor is being developed by a team of cyber-warfare specialists who had formerly served in the Israeli Defense Forces’ elite cyber-attack special forces. And the HYLA blood sensor is being designed as a new platform based on key technologies being developed for Inspira’s ART system, designed to reduce the need for invasive mechanical ventilation. And like the ART system, the HYLA blood sensor is designed to minimize the need for invasive medical procedures with the intention of reducing risks, complications and costs.

Plus the HYLAt non-invasive blood sensor is attached to the outer walls of a tube that has blood flowing through it. And the HYLA blood sensor may have broad application potential, benefiting patients undergoing procedures including intensive care unit (ICU) monitoring (approximately 40% of patients have a standard arterial line), Invasive Mechanical Ventilation, Extracorporeal Membrane Oxygenation (ECMO), Dialysis and Cardiopulmonary bypass. The targeted patient populations can potentially include those suffering from acute respiratory failure, cardiac failure, pneumonia, acute kidney injury (AKI), as well as patients undergoing open-heart surgery.

In order to identify changes in a patient’s medical condition, frequent invasive blood tests are needed. And as a non-invasive real-time blood sensor, the HYLA is expected to reduce the need for frequent invasive blood tests. The HYLA blood sensor is expected to continuously measure several key indicators such as the levels of partial oxygen and carbon dioxide pressures, known to be precise indicators of health disorders and patient deterioration.

This technology has not been tested or used in humans and is subject to regulatory approval.

KEY QUOTE

“Inspira Technologies has set out to change the way we monitor patient health. Today, hospital patients are reliant on physicians manually monitoring their health condition with invasive blood tests, as much as several times a day. We believe that the HYLA blood sensor has the potential to change patient experience and outcomes, through the non-invasive blood sensor, that is intended to perform real-time and continuous blood monitoring, with the intention of alerting physicians of changes in a patient’s clinical condition that could potentially save lives.”

– Dagi Ben-Noon, Inspira Technologies’ Chief Executive Officer

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.