10th Feb 2020 09:20
(Alliance News) - Tekcapital PLC said Monday its investee, Belluscura PLC, has filed for a patent application for an oxygen enrichment device that treats acute respiratory distress.
Shares in the intellectual property investor were 13% higher in London on Monday morning at 5.46 pence each.
Tekcapital noted the device can treat patients suffering from the deadly coronavirus.
"The primary cause of death from respiratory viruses like the coronavirus and influenza, are the result of the fluids accumulating inside the alveoli (the tiny air sacs of the lungs) which ultimately leads to the failure of the transfer of oxygen to and carbon dioxide out of the blood. The current primary treatment for ARDS is oxygen therapy along with ventilator support," Tekcapital explained.
Belluscura, along with its research partner Separation Design Group, filed the patent application that covers novel integrated portable extracorporeal oxygenation and carbon dioxide removal systems.
Tekcapital Chair Clilfford Gross said: "We are pleased to see the additional progress of Belluscura as it continues to strengthen its intellectual property in the oxygen therapy space to help patients afflicted with acute respiratory distress caused by the Coronavirus. Additionally, we anticipate that Belluscura is likely to receive FDA clearance for their portable oxygen concentrator within the next 90 days."
By Paul McGowan; [email protected]
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