Last month, we reported that Australia's start-up 3D printing medical device company Oventus Medical successfully raised $12 million through IPO. The company's main product, the 3D printing mouthguard, is mainly used to treat snoring and sleep apnea.
Recently, the company released its first financial report, showing that the company's first year revenue of $ 540,164, indicating that such a simple device that can change the lives of patients around the world is facing a strong demand. Oventus also announced that they are working with Melbourne's Commonwealth Scientific Industrial Research Organization (CSIRO) to develop the second generation O2Vent T.
In addition, the US Food and Drug Administration (FDA) has also approved the sale of O2Vent Mono in the United States. The company also submitted an application for O2Vent T. The new device also entered the Australian market and clinically tested 40 patients in terms of product safety, comfort and effectiveness.
In addition, Oventus has set up a factory for product packaging and has established a titanium 3D printing center at CSIRO. However, it is understood that the company's cooperation with CSIRO is not limited to 3D printing technology, the latter will also provide a scientific advisory committee to provide Oventus with medical consultants in sleep, dentistry, ENT and other aspects. Although the principle of O2Vent is relatively simple, Oventus still needs to study any potential side effects and improve the product.
Oventus' O2Vent 3D print guards are tailored to each patient's mouth to help with air circulation. It is shaped like a "duck's beak" and extends out of the mouth and forms two separate airways that make it easier for air to enter the respiratory tract. It ensures a stable air circulation and prevents the tongue or other organs from obstructing the respiratory pathways, which can give patients better sleep. O2Vent is more comfortable to use because it is tailored to the specific characteristics of the patient.
The company's CEO, Neil Horan, said: "Our equipment is 3D printed and has a unique airway that allows air to be introduced behind the throat, bypassing the oral barriers that cause sleep apnea and snoring."
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