Ingen Technologies, Inc. (Pink Sheets: IGNT) is targeting the large and underserved Chronic Obstructive Pulmonary Disease (COPD) market, alongside industry giants like AstraZeneca plc (NYSE: AZN) and Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA), with its Oxyview product line.
Targeting a Large and Growing Market
With the COPD market expected to grow to $23 billion by 2014, according to Research and Markets, many industry bellwethers ranging from AstraZeneca plc to Teva Pharmaceutical Industries Ltd. are targeting the industry with new drugs and devices designed to help relieve symptoms.
COPD is a disease that is characterized by the airways to the lungs narrowing, which causes shortness of breath, which gets worse over time in some cases. Often times, the disease is caused by noxious particles or gas, most often from tobacco smoking, which triggers an inflammatory response in the lung.
With an aging population of smokers facing such conditions, and an increase in smoking in some emerging markets in Asia and Latin America, the worldwide COPD problem costs the U.S. healthcare system more than $40 billion a year and is the fourth leading cause of death.
Treatments and Solutions for COPD
While COPD has no cure, there are many treatments on the market. Companies like AstraZeneca and Teva produce pharmaceutical solutions, but companies like Ingen Technologies (Pink Sheets: IGNT) provide the foundation for treatment via oxygen therapy.
Since COPD is characterized by a lack of oxygen entering the lungs, many patients receive pure oxygen through a nasal cannula in order to receive the oxygen levels required. These cannulas have traditionally been mass-produced in China, are uncomfortable and provide little added value.
Ingen Technologies has developed a revolutionary new oxygen cannula, called Oxyview that is far more comfortable and provides several value-added features. For instance, the Oxyview provides a gauge that confirms the flow of oxygen at the source in order to reassure patients concerned about an emptying oxygen tank.
Ingen’s Solutions Save Time and Money
Ingen Technologies’ SMART Oxyview cannulas are available at roughly the same price as traditional cannulas, while its oxygen readings can help dramatically reduce out-patient visits by oxygen providers like Lincare Holdings (LNCR) and Cardinal Health, Inc. (CAH).
With such a compelling value proposition, it is little surprise that Ingen has seen its sales move up last quarter. Meanwhile, efforts to reach out to military and international customers should also drive revenue moving forward. As a result, growth investors may want to take a close look at IGNT.
