- Business
- Therma Bright Inc. (TSXV:THRM) develops, acquires, manufactures and markets proprietary healthcare and medical devices focused on respiratory diseases, vascular health and consumer medical devices for consumers and institutional markets worldwide. The company offers Venowave, a medical compression pump that treats poor circulation, prevents blood clots and alleviates post-thrombotic syndrome; InterceptCS, a cold sore prevention system using controlled topical heat and light to kill virally infected cells; Benepod, a hot and cold contrast therapy device for pain relief; TherOZap, a thermal therapy device that reduces inflammation, pain, itching from insect bites and stings; AcuVid, rapid antigen and antibody screening tests for COVID-19; Digital Cough Analyzer, an AI-powered app for detecting respiratory diseases including COVID-19 via cough analysis; and investments in InStatin's inhaled statin therapy for COVID-19 pneumonia and ARDS, plus Inretio's PREVA clot retriever for ischemic stroke treatment. Founded in 2010 and headquartered in Toronto, Canada, Therma Bright operates primarily in North America with expansion into U.S. markets. Recent developments include closing a $1 million CAD private placement in June 2024 to fund Digital Cough Analyzer and InStatin investments; expanding U.S. distribution partnership with Gen-X Med for Venowave in September 2025; securing an initial exclusive U.S. marketing contract with Global Wellness Products for consumer devices in March 2025; advancing FDA 513(g) submission for Digital Cough Analyzer as remote therapeutic monitoring; pursuing permanent HCPCS and CPT codes for Venowave; and completing a 1:8 share consolidation in July 2025.