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Neptune Wellness Fights COVID-19 With Launch Of The Halo Pulse Oximeter

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Neptune Wellness Fights COVID-19 With Launch Of The Halo Pulse Oximeter

Canadian CBD extraction company Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX:NEPT) announced Monday the introduction of Neptune Halo, an electronic device monitoring the oxygen saturation levels and pulse rate of the patients.

The company claims that its new pulse oximeter - developed by the company's Health & Wellness Innovations division - is essential in the fight against coronavirus.

According to the American Lung Association, it's a noninvasive device, requiring no needles or blood sampling.

"Patients with COVID-19 can experience a potentially dangerous drop in oxygen saturation without having obvious breathing problems," stated Dr. Richard Levitan, an emergency physician in Littleton, N.H, in the New York Times. "Without a pulse oximeter, they might never know it or get very used to how they feel, despite very low oxygen levels."

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Levitan further explained that patients often seek medical help when their oxygen levels drop significantly, already suffering from pneumonia-related to COVID-19.

Per Monday's press release, Neptune's health and wellness products have been developing alongside oximeter, including Neptune Air non-contact thermometer and hand sanitizer products.

"Neptune Halo is another example of Neptune's ability to rapidly respond to market needs and deliver high quality products at value pricing as a diversified and fully integrated health and wellness company," said the company's CEO, Michael Cammarata, in a statement.

"We are proud to do our part to help people better monitor their health and identify when a COVID infection is reducing oxygen levels."

The company is building its so-called B2C (business-to-consumer) and B2B (business-to-business) strategies by teaming up with retailers and influential individuals across the country.

Some of the company's latest moves include signing a $16.5 million extraction deal to process up to 44,000 kilograms of crude and distillate from hemp and partnering with Google's Growth Acceleration Team to advertise its products on Google's advertising platforms.

 

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