Daxor Corporation Announces Launch of BVA Program at Mid-South Largest Integrated Network
August 29 2024 - 8:00AM
Daxor Corporation (Nasdaq: DXR), the global leader in blood volume
measurement technology, announces the expansion of its blood volume
analysis (BVA) technology through the acquisition of the BVA
analyzer. This advancement not only enhances revenue streams, but
also sets the stage for projected accelerated sales growth for the
rest of the year.
A rural 339-bed community hospital in northwest
Mississippi, part of the Mid-South's largest integrated delivery
network, has acquired a BVA analyzer for outpatient heart failure
care. This acquisition is critical for enhancing patient outcomes
in a region where access to specialized care can be limited. In
2021, the United States recorded 173.8 heart disease deaths per
100,000 people, while Mississippi saw a notably higher rate of
324.4 deaths per 100,000. As a result, many hospitals in affected
regions are seeking to enhance the quality of care by incorporating
BVA testing.
“Outpatient heart failure care is essential for
proactive management, early intervention, and continuous
monitoring, which are key to preventing hospitalizations, improving
patient outcomes, and reducing healthcare costs," said Michael
Feldschuh, Daxor’s CEO and President. “Our BVA diagnostic provides
98% accurate actionable data to guide fluid management decisions,
enabling providers to create personalized care plans – helping
patients effectively manage this chronic condition while
maintaining their quality of life."
About Daxor Corporation
Daxor Corporation (Nasdaq: DXR), is the global
leader in blood volume measurement technology focused on blood
volume testing innovation. We developed and market the BVA-100™
(Blood Volume Analyzer), the only diagnostic blood test cleared by
the FDA to provide safe, accurate, objective quantification of
blood volume status and composition compared to patient-specific
norms. Over 65,000+ tests have been performed at leading hospital
centers across the U.S., enhancing hospital performance metrics in
a broad range of surgical and medical conditions, including
significantly reducing mortality and readmissions in heart failure
and critical care. Daxor has several ongoing trials in the areas of
heart failure treatment with support from the NIH and is under
contract developing analyzers to improve combat casualty care with
the U.S. Department of Defense. Daxor's mission is to advance
healthcare by enabling optimal fluid management with blood volume
analysis. Daxor’s vision is optimal blood volume for all. For more
information, please visit our website at Daxor.com. Sign up to
receive news on Daxor’s innovative technology HERE.
Forward-Looking Statements
Certain statements in this release may include
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including without
limitation, statements regarding the impact of hiring sales staff
and expansion of our distribution channels. Forward-looking
statements are predictions, projections and other statements about
future events that are based on current expectations and
assumptions and, as a result, are subject to risks and
uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this
release, including, without limitation, those risk associated with
our post-market clinical data collection activities, benefits of
our products to patients, our expectations with respect to product
development and commercialization efforts, our ability to increase
market and physician acceptance of our products, potentially
competitive product offerings, intellectual property protection,
FDA regulatory actions, our ability to integrate acquired
businesses, our expectations regarding anticipated synergies with
and benefits from acquired businesses, and additional other risks
and uncertainties described in our filings with the SEC.
Forward-looking statements speak only as of the date when made.
Daxor does not assume any obligation to publicly update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise.
Investor Relations Contact:Bret ShapiroSr.
Managing Partner, CORE IR1-516-222-2560 brets@coreir.com
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