Inretio medical device
Source: Inretio
  • Therma Bright’s (THRM) partner, Israeli medical device startup Inretio, is moving to a new manufacturing facility
  • The facility is based in Sapirim Industrial Park, which will support the manufacturing of the PREVA device
  • PREVA helps remove blood clots for ischemic stroke treatments
  • The new10,700 square foot facility will scale up device production from 500 units to 5,000 units per month
  • Therma Bright (THRM) is up 5.26 per cent, trading at $0.10 per share as of 2:16 p.m. EST

Therma Bright (THRM) announced that its partner Israeli medical device startup, Inretio, is moving to a new manufacturing facility.

The facility is based in Sapirim Industrial Park, which the company stated is a hub for major technology and medical devices companies.

Inretio has been developing its PREVA device, which helps remove blood clots for ischemic stroke treatments, and the new facility will help manufacture this device.

According to THRM, the facility is 10,700 square feet and has dedicated spaces and equipment to support PREVA research and development, manufacturing, and quality control. Specifically, the new facility is designed to scale up the production of PREVA from 500 units to 5,000 units per month.

Facility provides more autonomy for partner

“Having our own manufacturing facility is a game-changer for us,” Raviv Vine, CEO of Inretio, said. “It will enable us to produce our PREVA device at scale, which is critical as we move towards clinical trials and potential commercialization.”

THRM shared it has been advancing the device, which has shown “promising results” from an ongoing animal study, which is expected to be completed during its second quarter.

“This expansion into a new space with the right equipment to bring this innovative, leading-edge ischemic stroke solution to market faster is fully supported by Therma Bright,” Rob Fia, CEO of Therma Bright, added. “With initial tests wrapping up and preparation for human trial approval and clinical study, the new site offers the right environment for the Inretio team’s success.”

Therma Bright (THRM) is up 5.26 per cent, trading at $0.10 per share as of 2:16 p.m. EST

Latest News
More V.THRM news on Stockhouse »
Latest Bullboard Posts
More bullboard posts for V.THRM on Stockhouse »
More From The Market Online
AI generate stock image

@ the Bell: Stocks stumble through Easter Monday hangover

Canada’s main stock index experienced a downturn on Monday, ending its recent streak of gains due to declines in energy shares.

TKO stock dips after WWE “WrestleMania”, but buying value remains strong

WWE, part of TKO Group Holdings (NYSE:TKO), wrapped up WrestleMania and now traders are looking closer in the aftermath.
Jon Cherry, president and chief executive officer of Perpetua Resources

White House names Perpetua’s Stibnite as a priority project

Perpetua Resources stock (TSX:PPTA) is down after the Trump administration highlighted the Stibnite gold project as a national priority.
Canada flag in the background of stock market number graph

Market Open: US-China Heat Grows Tipping TSX Down | Mon April 21

Canadian equity futures dipped Monday as Beijing warned of "countermeasures" against nations siding with the U.S.,...