AYALA-LED Integrated Micro-Electronics, Inc. (IMI) has been licensed to manufacture a ventilator that is said to help coronavirus disease 2019 (COVID-19) patients with breathing difficulties.
In a statement on Thursday, the listed electronics manufacturer said it received certification from the Food and Drug Administration for its non-invasive ventilatory support product.
“The device is a continuous positive airway pressure solution that applies constant steady air pressure and effectively supports patients with breathing difficulties,” it said.
The product, called UCL Ventura Flow Generator, is licensed from the University College London Hospital and Mercedes- AMG High Performance Powertrains, with approval from the United Kingdom’s Medicines and Healthcare Products Regulatory Agency.
IMI said in May its UK subsidiary Surface Technology International Ltd. (STI) was making the ventilators for COVID-19 patients overseas. It said it wanted to locally manufacture the product “to support the government’s call for local outsourcing and manufacturing of low-cost ventilators.”
STI is a member of the United Kingdom consortium VentilatorChallengeUK, which produces medical ventilators used by COVID-19 patients.
IMI posted a net loss of $21.53 million in the first semester due to the wide-scale impact of the COVID-19 pandemic to its global operations.
Shares in the company dipped two centavos or 0.43% to P4.63 each on Thursday. — Denise A. Valdez
