Don't Forget To
Rate This Article

Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe


FDA Approves Co.'s New Medical Grade Air Hygiene Device
Trending Company

Share on Stocktwits


Shares of AeroClean Technologies Inc. traded 150% higher after the company reported it received 510k clearance from the U.S. FDA for its Pūrgo™ medical-grade indoor air purification technology that uses UV-C LEDs to eradicate airborne bacteria, fungi, and viruses, including COVID-19.

Indoor air purification and pathogen eradication technology company AeroClean Technologies Inc. (AERC:NASDAQ), which utilizes proprietary UV-C LED technology to kill airborne bacteria, fungi, and bacteria, yesterday announced that "the U.S. Food and Drug Administration (FDA) has granted AeroClean's Pūrgo™ technology 510(k) clearance, classifying it as a Class II Medical Device."

The company stated that the approval was granted following a full review of its innovative air purification Pūrgo™ device. The firm mentioned that the Pūrgo device employs patented germicidal UV-C LED air purification technology that can eliminate 99.99% of harmful airborne microorganisms, including viruses such as SARS-CoV-2.

The firm advised that it leverages its expertise in Indoor Air Quality (IAQ) to deliver the highest medical grade air purification and air sanitization technology for hospitals and medical facilities, schools and universities, hospitality venues and hotels and government agencies.

AeroClean Technologies' CEO Jason DiBona commented, "We are proud to have been granted FDA clearance for AeroClean's Pūrgo™ device and thank the administration for their in-depth review of our patented air hygiene technology…FDA clearance of our Pūrgo™ system, which is powered by our patented SteriDuct™ technology, represents a major step forward in significantly improving air quality where people meet, work and live."

The company noted that its Pūrgo™ solutions were created and developed by aerospace engineers and medical professionals. AeroClean stated that its products greatly exceed basic standard air filtration methods that only capture larger particles such as dust and pet hair and do not allow for continuous indoor air cleaning or for elimination of harmful bioaerosols.

The firm noted that its Pūrgo™ solutions use hospital-grade HEPA filtration combined with optimized germicidal UV irradiation to provide enhanced ventilation allowing businesses and organizations to cost-effectively meet federal indoor air safety guidelines.

AeroClean is an interior space air purification and pathogen elimination and eradication tech co. based in Palm Beach Gardens, Fla. The company's continuous cleaning air hygiene products called, Pūrgo™ (pure-go) are designed for use in medical facilities and hospitals, elevators and shared public spaces and public transportation.

The firm noted that its Pūrgo™ line of medical grade air sanitization products employ the use of a proprietary technology called SteriDuct™ that are capable of destroying and eliminating 99.99% of airborne bacterial, viral and fungal microorganisms. The company claims that it is able to achieve this with the use of safe, solid-state ultraviolet-C light-emitting diode (UV-C LED) emitters that are set to an optimum wavelength to kill nearly 100% of these pathogens.

AeroClean Technologies started the day with a market cap of around $65.9 million with approximately 13.88 million shares outstanding. AERC shares opened 9.5% lower today at $4.30 (-$0.45, -9.47%) from yesterday's $4.75 closing price and then proceeded to trade over 150% higher. The stock has traded today between $3.85 and $14.23 per share and is currently trading at $12.01 (+$7.26, +152.84%).

Want to be the first to know about interesting Technology, Healthcare Services and Biotechnology / Pharmaceuticals investment ideas? Sign up to receive the FREE Streetwise Reports' newsletter. Subscribe

1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
6) This article does not constitute medical advice. Officers, employees and contributors to Streetwise Reports are not licensed medical professionals. Readers should always contact their healthcare professionals for medical advice.

Want to read more about Technology, Healthcare Services and Biotechnology / Pharmaceuticals investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe