Categories Analysis, Health Care

Beyond Air (XAIR) has hopes pinned on these two product opportunities for next year

LungFit PH is expected to be ready for a commercial launch in the US by the second calendar quarter of 2021

Shares of Beyond Air Inc. (NASDAQ: XAIR) gained over 3% in midday trade on Thursday. The stock has climbed 5% since the beginning of the year. The company reported a 45% year-over-year decline in revenue for the second quarter of 2021 and is yet to achieve profitability but there are two key areas where it sees significant opportunity in the coming year.

LungFit PH

On Wednesday, Beyond Air announced the submission of a premarket approval (PMA) application to the US FDA for its lead product from the LungFit platform, LungFit PH, for the treatment of persistent pulmonary hypertension of the newborn (PPHN).

LungFit PH is a cylinder-free device that generates nitric oxide from ambient air and delivers it to a ventilator. The target indication PPHN is a serious breathing condition wherein the newborn baby is unable to breathe outside the womb and manual ventilation is required. Nitric oxide has been the standard of care for PPHN in the US for the past two decades, helping in improving oxygenation and reducing the need for ventilation.

On its quarterly earnings call, Beyond Air stated that there are currently a little over 850 Level 3 and Level 4 neonatal intensive care units equipped for nitric oxide delivery to treat PPHN and that the sales of nitric oxide in the hospital setting had sales of greater than $500 million in 2019 in the US alone.

The use of nitric oxide has expanded across the global cardiac market and it has been approved in countries like Europe, Australia and Japan for the treatment of PPHN as well as pulmonary hypertension together with cardiovascular surgery.

Beyond Air believes its technology has more advantages than the current cylinder systems that are dominating the US market and if approved by the FDA, the product is expected to be ready for a commercial launch in the US by the second calendar quarter of 2021.

LungFit Pro

Beyond Air also sees opportunity for the usage of its LungFit technology in the treatment of acute viral pneumonia including infections caused by SARS-CoV-2. LungFit Pro is a direct delivery, non-ventilator compatible system designed to deliver nitric oxide which helps inhibit viral infections.

Studies have shown that nitric oxide is capable of inhibiting the replication of coronaviruses and Beyond Air has submitted its own data that support these findings. The company believes there is opportunity for LungFit Pro to be used in the prevention and treatment of human coronavirus infection.

Beyond Air has received approval from the US FDA as well as healthcare agencies in countries like Canada and Israel to study the use of its LungFit system and nitric oxide to treat COVID-19 patients. The company expects results to be available by the middle of 2021.

Click here to read the full transcript of Beyond Air Q2 2021 earnings conference call

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Kraft Heinz reports Q2 earnings: Infographic

The Kraft Heinz Company (NASDAQ: KHC) reported second-quarter 2021 financial results before the regular market hours on Wednesday. The food company reported Q2 revenue of $6.62 billion, down 0.5% year-over-year

GM Earnings: Key quarterly highlights from General Motors Q2 financial results

General Motors Co. (NYSE: GM) reported second quarter 2021 earnings results today. Total revenue rose to $34.2 billion from $16.8 billion in the same period last year. GAAP net income

CVS Health Corp. (CVS) Earnings: 2Q21 Key Numbers

VS Health Corporation (NYSE: CVS) reported second-quarter 2021 earnings results today. Total revenues increased 11.1% to $72.6 billion compared to the same period last year, driven by growth across all

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top