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VAPO

Vapotherm

$13.61 /

+2.445 (+21.90%)

17:11
03/23/20
03/23
17:11
03/23/20
17:11

Vapotherm increasing manufacturing capacity to support demand

Vapotherm announced an update on their business in response to the COVID-19 pandemic. Vapotherm's High Velocity Nasal Insufflation, HVNI, Technology, an advanced form of High Flow Oxygen therapy, is a first-line therapy for COVID-19 patients who are struggling to breathe. The Journal of American Medical Association published research showing that 19% of COVID-19 patients are in respiratory distress and need some form of support to get the oxygen they need to stay alive. The company's hospital customers are using its technology to support COVID-19 patients in mild to moderate respiratory distress, so that they can triage their sickest patients to a limited number of ventilators. The company has seen significant increase in demand for Vapotherm Precision Flow systems and single-use disposables as a result of COVID-19. The company has been working to materially increase production capacity in its facility in New Hampshire, while ensuring the safety of employees at all times. Vapotherm has increased the number of production shifts and has identified additional opportunities to further increase manufacturing capacity in an effort to keep up with growing demand. This increased production is putting pressure on our supply chain and the company is working with policy makers and suppliers to increase availability of critical parts to support production at these higher levels.

  • 08

    Apr

VAPO Vapotherm
$13.61 /

+2.445 (+21.90%)

03/05/20 Canaccord
Vapotherm remains top 2020 turnaround pick, says Canaccord
06/05/19 Canaccord
Vapotherm remains a top small-cap pick, says Canaccord

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