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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Daxor Corporation | NASDAQ:DXR | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.435 | -5.04% | 8.20 | 8.32 | 9.00 | 8.20 | 8.20 | 8.20 | 98 | 19:07:22 |
Key findings included:
The study titled, “Clinical Assessment of Volume Status in Heart Failure is Inaccurate at Detecting Hypervolemia and Anemia as Quantified by Blood Volume Measurement,” prospectively compared the standard of care treatment decisions (n=16) to those in a BVA-guided fluid management protocol (n=16). Clinical assessments of volume status and anemia were collected for all patients prior to BVA measurement at hospital admission and post-discharge.
The results showed that the accuracy of volume status and anemia as determined by clinical assessment was only 53% and 56%, respectively, compared to BVA indicating that approximately 7 out of every 10 patients did not receive an accurate diagnosis of their volume condition. “Volume management of both plasma and red blood cell volume is the cornerstone of heart failure care, and that care must start with an accurate diagnosis of the underlying problem which this data indicates does not happen in the vast majority of cases. This data confirms other RCT pilot data that was independently presented by researchers from Duke University earlier this summer,” noted Jonathan Feldschuh, Daxor’s Chief Scientific Officer.
Patients in the BVA-guided arm received treatment informed by the BVA test results, in the blinded arm volume was only assessed using clinical tools and biomarkers absent the BVA results. “We successfully embedded a BVA-guided treatment protocol into the clinical workflow of ADHF,” said Jacob Joseph, M.D., and principal investigator. “We demonstrated that treatment decisions could be guided by BVA, with volume-appropriate treatment significantly more likely in the BVA arm than in the usual care arm.”
Michael Feldschuh, Daxor’s CEO and President said, “This study provides further evidence that our BVA technology is a practical and effective solution to the challenge of optimizing heart failure care and use of our diagnostic confirms that surrogate markers such a physical exam are not accurate or precise compared to direct and objective measurement with Daxor’s BVA system. We are grateful for the precise and capable work of the independent investigators who led this project and the support of the NIH who have recognized the significant opportunity that BVA represents to improve the care of heart failure patients.”
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 IR1-516-222-2560brets@coreir.com
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