Capnia Inc (NASDAQ:CAPN) gained +19.27% to close last trading session at $6.50. The company, on February 17, 2015, released the first U.S. commercial sales of the Company’s CoSense End-Tidal Carbon Monoxide (ETCO) Monitors and single-use sampling sets to leading academic, research and healthcare institutions. CoSense is a portable, non-invasive device that rapidly and accurately measures carbon monoxide in exhaled breath. The measurement of carbon monoxide is the gold standard for measuring hemolysis, a condition that, if left untreated, may lead to elevated levels of bilirubin in the blood and a range of neurodevelopmental disorders in newborns.
Press Release
REDWOOD CITY, Calif., Jan. 28, 2015 /PRNewswire/ -- Capnia, Inc. (NASDAQ: CAPN), focused on the development of novel diagnostics and therapeutics based on its proprietary technologies for precision metering of gas flow, today announced a paper, titled "End-tidal carbon monoxide as an indicator of the hemolytic rate," has been published online in the journal Blood Cells, Molecules and Diseases.
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This peer reviewed publication discusses original research evaluating end-tidal carbon monoxide (ETCO) monitoring to identify hemolytic disorders in children and neonates. Capnia's lead product, the CoSense ETCO Monitor, is a portable, non-invasive device that rapidly and accurately measures carbon monoxide in the exhaled breath and therefore measures the rate of hemolysis.
The study results demonstrated that ETCO values of neonates and children with known hemolytic disorders were higher than age-matched healthy controls (p<0.0001), indicating that CoSense recognizes hemolysis in neonates. These results show that measuring ETCO may be an effective way to identify pathological hemolytic conditions (e.g., hereditary spherocytosis, G6PD deficiency, pyruvate kinase deficiency or Rh/ABO hemolytic disease). Those neonates could then be targeted for rigorous follow-up and treatment, thereby diminishing their risk of developing bilirubin-induced neurotoxicity.
"Babies who have hemolysis causing their jaundice are at a higher risk of bilirubin-induced neurological problems which can be mild (low IQ, hearing problems) to severe, chronic and debilitating (kernicterus)," said Dr. Robert Christensen, Director of Neonatology Research at Intermountain Healthcare and Chief, Division of Neonatology at the University of Utah School of Medicine. "It is therefore critical to identify hemolysis soon after birth to prevent such abnormalities. Even though the American Academy of Pediatrics has recommended for some time the use of ETCO monitoring in neonates with jaundice, CoSense is the only available device to do so. Our data show that CoSense can non-invasively detect hemolysis using a simple breath test at the bedside."
"Bilirubin-induced neurotoxicity remains a serious public health problem in the U.S.," said Anish Bhatnagar, M.D., Chief Executive Officer of Capnia. "Neurodevelopmental deficiencies of children can generate high financial and emotional costs to families and society. These data further support the rationale for detection of hemolysis by measuring ETCO, which is the current indication for our lead product, CoSense."
The Blood Cells, Molecules and Diseases abstract can be accessed here.
About Capnia
Capnia, Inc. develops and commercializes novel diagnostics and therapeutics based on its proprietary technologies for precision metering of gas flow. Capnia's lead diagnostic product is CoSense, which aids in the diagnosis of hemolysis, a dangerous condition in which red blood cells degrade rapidly. CoSense, based on the Sensalyze™ Technology Platform, is a portable, non-invasive device that rapidly and accurately measures carbon monoxide in exhaled breath. CoSense has 510(k) clearance from the U.S. FDA and was launched in the U.S. in October 2014. CoSense has also received CE Mark approval for sale in the European Union. Capnia's proprietary therapeutic technology uses nasal, non-inhaled CO2 to treat symptoms of allergies, as well as the trigeminally mediated pain conditions such as cluster headache, trigeminal neuralgia and migraine.
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