This document discusses perinatal asphyxia, which is a lack of oxygen and blood flow to the fetus or newborn during delivery resulting in tissue injury. It can be caused by issues with the placenta, umbilical cord, prolonged compression of the fetal head during delivery, or other maternal or fetal conditions. Left untreated, perinatal asphyxia can damage multiple organs but particularly impacts the brain, kidneys, and heart. Management involves maintaining adequate oxygen and blood flow as well as controlling seizures. Hypothermia therapy, keeping the infant's core temperature at 33°C for 72 hours, may help reduce brain injury from severe asphyxia. While multisystem effects are common, failure to breathe