Nu-Med Plus, Inc. announced that it has received $0.1 million in funding from Your Space, Inc
November 18, 2022
Share
Nu-Med Plus, Inc. announced a private placement of convertible promissory note for gross proceeds of $100,000 on November 22, 2022. The transaction included participation from Your Space, Inc. The note carry an interest rate of 5%, and is due on December 31, 2023.
Nu-Med Plus, Inc. is a medical device company, which is principally engaged in the designing, development, enhancement and commercialization of later-stage medical devices. The Company is focused on the creation of a nitric oxide generating formulation, a hospital bedside nitric oxide (NO) delivery system, a clinical unit for use in medical clinics and rehabilitation centers and a mobile rechargeable device to deliver nitric oxide gas to offer solutions to hospitals, health systems and the medical community throughout the world. Hospital NO Unit delivers a continuous intra-breath concentration of therapeutic NO to patients who are on a ventilator in a hospital setting. Clinical Delivery System is a simplified version of the hospital unit. Portable Delivery System delivers high purity NO to the patient at prescribed intervals for 24 hours per day at controlled doses by means of a nasal cannula or a face mask. Reagent Delivery provides a range of concentrations and flow rates of NO.