Welcome to our dedicated page for Therma Bright news (Ticker: TBRIF), a resource for investors and traders seeking the latest updates and insights on Therma Bright stock.
Therma Bright Inc. (OTCQB: TBRIF) generates news across medical devices, diagnostics, and healthcare investments, with a particular focus on its Venowave VW5 vascular compression device and its role as an investment partner in emerging technologies. Company updates often highlight commercial milestones, distribution partnerships, manufacturing strategy, and progress at investee companies.
News releases frequently cover Venowave VW5, a compact, battery-operated peristaltic pump used for circulatory disorders in the lower limbs. Announcements include initial and follow-on purchase orders from distributors in the Durable Medical Equipment sector and strategic partnerships with specialized medical product distributors such as Gen-X Med in Arlington, Texas. These items describe how Venowave is introduced to targeted patient groups, including those recovering from specialized knee surgeries, and emphasize its status as an FDA-designated Durable Medical Equipment device that qualifies for Medicare and Medicaid reimbursement under a specific HCPCS code.
Therma Bright’s news flow also includes updates on InStatin, its investee biotechnology company developing inhaled statin therapies for respiratory diseases like COPD and asthma. Releases describe preclinical progress, refinement of clinical strategy, identification of the lead molecule INS-102, intellectual property developments, and the expansion of InStatin’s leadership and advisory teams.
Additional news topics include share consolidation decisions, warrant repricing proposals, debt settlements via share issuance, and board changes, such as the appointment of experienced healthcare executives to the Board of Directors. For investors and observers, the Therma Bright news page offers a centralized view of operational developments, financing-related actions, and scientific and commercial progress tied to both Venowave and InStatin.
Users interested in TBRIF news can review these releases to follow how Therma Bright manages product distribution, evaluates manufacturing options in response to tariff changes, and supports the advancement of inhaled statin therapies through its investment partnership.
Therma Bright Inc. (TSXV: THRM) (OTCQB: TBRIF) has received positive notification from the U.S. Centers for Medicare & Medicaid Services (CMS) regarding pending permanent Current Procedural Terminology (CPT®) and Healthcare Common Procedure Coding System (HCPCS) codes for its Venowave VW5 device. The codes are expected to cover ten health-related and CMS reimbursable indications, including prevention of deep vein thrombosis (DVT) and management of post-thrombotic syndrome symptoms.
The company anticipates formal approval in the coming days, which could significantly impact its market opportunity. According to the CDC, over 900,000 U.S. citizens are affected by DVT and pulmonary embolism annually. Global market projections for DVT treatment alone range from USD $1.26 billion by 2028 to USD $1.554 billion by 2032.
Therma Bright Inc. (TSXV: THRM) (OTCQB: TBRIF) has received FDA 510K approval for its Venowave VW5 device, addressing the U.S. Centers for Medicare and Medicaid Services (CMS) requirements. This approval allows the device to be used successively by multiple patients, a key factor for securing permanent CPT® and HCPCS codes. The Venowave VW5 is a compact, battery-operated peristaltic pump that improves vascular and lymphatic flow in lower limbs, targeting conditions like deep vein thrombosis (DVT) and pulmonary embolism (PE).
With this approval, Therma Bright expects imminent issuance of permanent codes, enabling distribution partners to deploy Venowave to Medicare and Medicaid medical practitioners. The company has also engaged Outside The Box Capital Inc. for marketing and investor relations services to enhance communication with investors and expand visibility.
Therma Bright Inc. (TSXV: THRM) (OTCQB: TBRIF) (FSE: JNX), a developer and investment partner in diagnostic and medical device technologies, has engaged Independent Trading Group (ITG) for market-making services. This engagement, subject to regulatory approval, aims to maintain a reasonable market and improve liquidity of Therma Bright's common shares on the TSXV and other trading venues.
The agreement includes compensation of CAD $5,500 per month to ITG, with an initial one-month term that automatically renews unless terminated. Either party can terminate with 30 days' notice. ITG will not receive shares or options as compensation, and there are no performance factors in the agreement. The companies are unrelated, and ITG has no interest in Therma Bright's securities at the time of the agreement.
Therma Bright Inc. (TBRIF), a developer of medical device technologies, provided a market update.
The company successfully raised $1M CAD through a private placement, intending to invest in its Digital Cough Analyzer and InStatin Inc., along with covering debts and working capital.
The Venowave device awaits permanent HCPCS and CPT codes, potentially expanding its market reach.
Therma is working with the FDA on the regulatory requirements for its AI-powered Digital Cough Analyzer.
Investments in Inretio and InStatin show promise, with Therma holding significant stakes in both companies.
A strategic review is ongoing to explore various options to maximize shareholder value.
Therma Bright (TSXV: THRM, OTCQB: TBRIF) announced it has completed debt settlements by issuing 19,250,000 common shares at $0.01 per share, settling an aggregate debt of $192,500. These shares are subject to a hold period until October 20, 2024. CEO Rob Fia participated in the debt settlement, receiving 8,500,000 shares for $85,000 of debt, which is a related party transaction under MI 61-101. Prior to this, Fia owned 28,718,744 shares (7.2% of Therma's outstanding shares). Post-transaction, he now owns 37,218,744 shares, representing 8.8% of the total outstanding shares. On a partially diluted basis, Fia's ownership could rise to 13.3%. Fia's acquisition is for investment purposes and he may change his holdings in the future. Further details can be found on SEDAR+.
Therma Bright has completed the first tranche of its non-brokered private placement, raising $854,500 by issuing 85,450,000 units at $0.01 each. The proceeds will fund investments in Digital Cough Technology and InStatin Inc, cover management and director debts, investor relations, and general working capital. CEO Rob Fia purchased 17,500,000 units for $175,000, increasing his stake to 7.2%. Allele Communications will provide investor relations services for $7,500 per month under a new consulting agreement. The securities are subject to a hold period until October 11, 2024.
Therma Bright, a developer of diagnostic and medical device technologies, announces a non-brokered private placement offering up to $1,000,000 by issuing 100,000,000 units at $0.01 per unit. Each unit includes one common share and a half-warrant, with full warrants exercisable over three years at $0.05 in the first year and $0.10 in the subsequent years. The proceeds will fund their Digital Cough technology, pay debts, and support general working capital. The offering is expected to close by June 7, 2024, pending regulatory approvals. Additionally, Therma Bright has granted stock options and warrants to directors, officers, consultants, and entered into debt settlements issuing common shares.
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