Tag: Belluscura

LONDON and PLANO, Texas – Belluscura has sold 377 X-PLO2R portable oxygen concentrators since the launch of the device in September 2021, 25% above current consensus forecasts and 150% above initial forecasts for 2021, according to the company’s board of directors.  “Market reception for the X-PLO2R has been positive and initial demand has been very strong,” said Robert Raulker, CEO. “We are very excited about the upcoming launch of the X-PLO2R and X-PLO2 DX...

WASHINGTON – AAHomecare is calling on stakeholders to contact their members of Congress to ask them to prevent broadly applied “deep” Medicare cuts for 2022.   The potential cuts stem from the application of pay-as-you-go (PAYGO) legislation that was enacted in 2010.   “If not addressed, PAYGO provisions would trigger automatic cuts across a range of federal programs to cover recent deficit spending increases – in this case, red ink incurred via the $1.9...

LONDON and PLANO, Texas – Belluscura has announced that Palmetto GBA, a DME Medicare Administrative Contractor, has issued a final local coverage determination for the X-PLOR2R portable oxygen concentrator. The company estimates that Medicare reimbursement covers about 50% of the oxygen concentrator market in the United States and, therefore, the MAC’s seal of approval will have a positive impact on its financials. “Receiving the two Medicare reimbursement codes should further expand...

ATLANTA – The Belluscura X-PLO2R portable oxygen concentrator won the Providers’ Choice Gold at Medtrade East in Atlanta on Oct. 20. The POC, which is approved by the FAA for travel, weighs only 3.75 pounds and features an attached eight-cell battery that lasts up to five hours. The Dignity Lifts – Deluxe Toilet Lift – DL1 won the Providers’ Choice Silver Award. The lift helps users get up from and down to the toilet. The Breas Medical Vivo 45 LS, a life support ventilator...

LONDON – Belluscura has signed its first U.S. distribution agreement for its X-PLO2R portable oxygen concentrator portfolio. The company has issued its first purchase order, with delivery expected in the third quarter, according to reports. The X-PLO2R is a lightweight POC cleared by the U.S. Food and Drug Administration designed to replace larger, metal oxygen tanks and heavier devices. Belluscura began trading on the Alternative Investment Market (AIM) on the London Stock Exchange earlier...

LONDON and PLANO, Texas – Belluscura, a medical device developer focused on lightweight and portable oxygen enrichment technology, has begun trading on the Alternative Investment Market (AIM) on the London Stock Exchange under the ticker symbol BELL.  The company has raised 17.5 million pounds supported by new and existing inventors, and it has a market cap of about 50.96 million pounds.  SPARK Advisory Partners Limited acted as the Belluscura’s sole nominated adviser...

WATERLOO, Iowa – The cost of delivering home medical equipment has increased during the COVID-19 pandemic, according to the results of a new survey from VGM.   The survey of nearly 100 medical equipment providers in eight regions of the U.S. looked at vehicle cost per trip; PPE expense; labor expense per hour; and time of travel, equipment set-up and instruction, and equipment pickup.  In the Great Lakes region, for example, the average delivery cost has...

LONDON — Tekcapital has announced that its portfolio company Belluscura has been granted 510(k) clearance and marketing authorization by the U.S. Food and Drug Administration for its X-PLO2R portable oxygen concentrator. "We are excited to see that the FDA has cleared the X-PLO2R device for sale, as Tekcapital and Belluscura believe it could be helpful to patients during the COVID-19 pandemic, and for many of the 250 million people worldwide suffering from COPD," said Clifford Gross, PhD, executive...

PLANO, Texas - Belluscura has reached its fundraising goal for its portable oxygen concentrator, the X-PLO2R. The company, part of the portfolio of Tekcapital Plc, a U.K. intellectual property investment group, has raised 500,000 pounds. “We are delighted to see that Belluscura has reached its crowdfunding target of 500,000 pounds to help complete the regulatory clearance and launch of their new X-PLOR portable oxygen concentrator later this year,” said Dr. Clifford Gross, chairman of...

PLANO, Texas - Belluscura, a U.K. company that licenses and develops proprietary healthcare technologies, plans to launch a portable oxygen concentrator named the X-PLO2R in the U.S. market in the back half of this year.In March, Belluscura, which is headquartered in Plano, Texas, was in the middle of trying to raise funds to complete the regulatory clearance process with the U.S. Food and Drug Administration and launch the unit.“We've already raised $6 million, so it's not our only source...