Belluscura receives 6,500 orders for new oxygen concentrator

by | Aug 16, 2023

(Sharecast News) – Medical device developer Belluscura announced on Wednesday that it had received purchase orders for more than 6,500 units of its next-generation ‘DISCOV-R’ portable oxygen concentrator.
The AIM-traded company said the influx of orders equated to potential revenue of around $15m, with initial production for the DISCOV-R slated to start by the end of the current quarter.

It added that the positive response towards DISCOV-R was bolstered by its recent collaboration with major industry players.

Notably, it had entered a distribution agreement with a division of McKesson – one of North America’s largest pharmaceutical and medical device distributors.

Additionally, a marketing accord was inked with GoodRx, a preeminent digital healthcare platform, in early 2023.

Numerous distribution requests for the DISCOV-R had also been fielded from leading homecare oxygen providers in the US.

Belluscura said it was planning to share more detailed plans on the controlled release of the DISCOV-R later in the year.

“We believe the DISCOV-R, combined with our proprietary NOMAD app, will be transformational to the portable oxygen industry and patient outcomes,” said chief executive officer Bob Rauker.

“This is reflected by early demand for the product prior to its full commercial launch, which is expected to take place later this year.

“The significant number of orders received demonstrates the substantial appetite for this product and we anticipate adding several more of these providers to our distribution network as we balance the high demand with production expectations over the next twelve months.”

Rauker said the milestone marked “another exciting development” for the company, delivering on its strategy to design and manufacture “highly differentiated, high quality and high margin” products.

“Amid growing sales and continued progress with our X-PLOR device and NOMAD app, we continue to seek further opportunities to improve the quality of life for our end users.”

At 0952 BST, shares in Belluscura were up 17.12% at 43.34p.

Reporting by Josh White for Sharecast.com.

Related articles

Capita signs two new contracts worth £565m

Capita signs two new contracts worth £565m

(Sharecast News) - Outsourcing group Capita said it has signed two new contracts with the UK and Northern Ireland governments worth a combined £565m. Four months after Capita was selected as the preferred bidder, the group has now confirmed it has sealed the deal to...

Latest Articles

Shore Capital hails impressive first half from JD Sports

Shore Capital hails impressive first half from JD Sports

(Sharecast News) - Shares in JD Sports Fashion surged on Thursday morning after the sportswear retailer beat forecasts with its interim results, with broker Shore Capital hailing "significant progress" as it reiterated its 'buy' rating on the stock. Pre-tax profit...

Time for Japan to act (II): State Street Global Markets

Time for Japan to act (II): State Street Global Markets

Written by Michael Metcalfe, Head of Macro Strategy, State Street Global Markets  Writing ahead of the September BoJ gathering in 2022, we argued in Time for Japan to act (first edition!) that the authorities should begin monetary tightening both through moving the...

Europe open: Shares slide on hawkish Fed as eyes turn to BoE

Europe open: Shares slide on hawkish Fed as eyes turn to BoE

(Sharecast News) - European stocks opened in the red on Thursday after hawkish comments from the US Federal Reserve on future rate rises dampened sentiment and investors turned their attention to the Bank of England's own policy meeting. The pan-European Stoxx 600...

Capita signs two new contracts worth £565m

Capita signs two new contracts worth £565m

(Sharecast News) - Outsourcing group Capita said it has signed two new contracts with the UK and Northern Ireland governments worth a combined £565m. Four months after Capita was selected as the preferred bidder, the group has now confirmed it has sealed the deal to...

Rise in UK borrowing limits Hunt’s scope for tax cuts

Rise in UK borrowing limits Hunt’s scope for tax cuts

(Sharecast News) - Britain's budget deficit in August was slightly higher than expected, according to official data published on Thursday, meaning Finance Minister Jeremy Hunt will have less scope for tax cuts ahead of the General Election. Public sector net borrowing...

Join our mailing list

Subscribe to our mailing list to receive regular updates!

No Fields Found.
x