9th Apr 2020 08:53
(Alliance News) - Inspiration Healthcare Group PLC on Wednesday said it has been granted three patent by the UK Intellectual Property Office for its FirstBreath breathing system.
The stock closed 3.7% higher at 65.85 pence each on Thursday in London.
The medical technology company said the system - developed by wholly-owned subsidiary Viomedex - is a range of paediatric and neonatal respiratory devices and systems used in neonatal intensive care areas.
Inspiration Healthcare said it expects the patents to be formally announced and come into effect from April 29.
"We are delighted to have received confirmation of these patents for the FirstBreath system which immediately locks in the value of the development work we have invested into the product to date. We will continue to push the benefits of the products into new markets with confidence we have solid intellectual property protection," said Chief Executive Neil Campbell.
By Ife Taiwo; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Inspiration Hlt