63.4 F
Laguna Hills
Saturday, Jun 21, 2025
-Advertisement-

Masimo Gets $5M From Gates Foundation

Masimo Corp. received a $4.95 million grant from Bill & Melinda Gates Foundation in advance of World Pneumonia Day.

The Irvine-based device maker is in the process of developing a low-cost pulse oximeter for pneumonia screening to be used in developing countries around the world.

The device will measure oxygen saturation and respiration rate, two key parameters in identifying potential pneumonia.

Masimo is among the largest publicly traded companies based in Orange County, with a market cap of about $3 billion and more than $600 million in annual sales.

Masimo is led by Chief Executive Joe Kiani.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

Would you like to subscribe to Orange County Business Journal?

One-Year for Only $99

  • Unlimited access to OCBJ.com
  • Daily OCBJ Updates delivered via email each weekday morning
  • Journal issues in both print and digital format
  • The annual Book of Lists: industry of Orange County's leading companies
  • Special Features: OC's Wealthiest, OC 500, Best Places to Work, Charity Event Guide, and many more!

Previous article
Next article
-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-