Inspira Technologies OXY B.H.N. Ltd. a company aiming to revolutionize acute respiratory care, announced today that it has entered into a collaboration agreement with Perfusion Solution, Inc. (“Perfusion Solution”). The collaboration involves combining the INSPIRA™ ART100 product with Perfusion Solution’s broad commercial footprint and infrastructure across the United States.

The INSPIRA ART100 is an extracorporeal blood circulation device that provides cardio-pulmonary support by directly oxygenating the blood and removing carbon dioxide, providing life support to patients undergoing open-heart surgery or following surgery in intensive care units.

Mr. Joe Hayon, Inspira Technologies’ president, director & co-founder stated: “This collaboration combines our INSPIRA ART100 with Perfusion Solution’s diverse commercial infrastructure and outreach. We are proud to have been strategically chosen to collaborate with Perfusion Solution, which is a leading platform providing company of advanced medical devices, training, and staffing to leading hospitals across the U.S. We believe that this collaboration is a vote of confidence in Inspira Technologies’ advantages and attractiveness by a leading industry partner.”

Mr. David Malkow, Perfusion Solution’s chief executive officer stated: “The INSPIRA ART100 has a strong offering for the extracorporeal blood oxygenation market. We are excited to collaborate with Inspira Technologies and look forward to introducing this innovative product to healthcare professionals upon regulatory clearance.”

Mr. Jon Bohannan, VP of Sales and Clinical Integration for Perfusion Solution stated: “We are honored to join in a business collaboration with Inspira Technologies. The ever-changing landscape of cardiopulmonary support remains highly segmented and very competitive. We believe the INSPIRA ART100 is poised to offer a cutting-edge platform that will encompass innovation, continuity of care, and best practice adoption, as well as offer a highly flexible platform to serve various patient conditions.”

The Company envisages that following the submission of the INSPIRA™ ART100 to the U.S. Food and Drug Administration and receipt of regulatory clearance, this collaboration with Perfusion Solution will allow for the future commercialization of the INSPIRA ART100.
The collaboration includes a summary distribution agreement that will be followed by a more comprehensive agreement. The agreement has an initial term of 5 years, subject to completion of product development and meeting certain purchase targets.

 

Source:inspira-technologies.com

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