Expert Panel Calls for Use of Blood Volume Measurement to Assess Heart Failure Patients at Key Scientific Meeting

Rhea-AI Summary

Daxor Corporation (Nasdaq: DXR) announced a scientific debate titled "Debating Volume-based versus Pressure-based Methods and Devices to Measure Congestion in Heart Failure" at the Heart Failure Society of America Annual Scientific Meeting on October 3, 2022. Experts agreed that Daxor's BVA-100 blood test, the only FDA-cleared diagnostic for quantifying blood volume, is crucial for managing heart failure. The test has been conducted over 60,000 times in U.S. hospitals, demonstrating its clinical value in improving patient outcomes, including reduced mortality and readmissions.

Positive

• Daxor's BVA-100 blood test highlighted in a key scientific debate, enhancing visibility among clinicians.
• Unanimous expert consensus on the effectiveness of Daxor's volume-based measurement for managing heart failure.
• Over 60,000 BVA-100 tests performed, indicating strong clinical adoption and demand.
• Significant reduction in patient mortality and readmission rates linked to BVA-guided care.

Negative

• None.

Evidence Presented Utilizing Daxor’s BVA-100^® Blood Volume Test

Oak Ridge, TN, Oct. 05, 2022 (GLOBE NEWSWIRE) -- Daxor Corporation (Nasdaq: DXR), the global leader in blood volume measurement technology, today announces that a scientific session titled “Debating Volume-based versus Pressure-based Methods and Devices to Measure Congestion in Heart Failure” was held during the Heart Failure Society of America Annual Scientific Meeting on October 3rd, 2022, in Washington, DC.

In a debate format before hundreds of clinicians both on-line and in-person, the panel compared pressure-based vs volume-based measures to assess volume overload in advanced heart failure patients. The session was moderated by Dr. Maria Rosa-Costanzo, Edward-Elmhurst Health and Dr. Marat Fudim, Duke University Health. Panel members included Dr Tamas Alexy, The University of Minnesota Medical School, Dr. Jeffrey Testani, Yale University Medical Center, Dr. Wayne Miller, Mayo Clinic, and Dr. Jenny Thibodeau, The University of Texas Southwestern Medical Center.

Dr. Wayne Miller stated, “Congestion is best measured by volume-based metrics.” Dr. Miller also highlighted the importance of knowing the red blood cell volume to optimize fluid management which is a key metric of Daxor’s BVA-100 blood test, which he has utilized to publish more than a dozen peer-reviewed papers in leading journals. He went on to say that “The Daxor methodology is simple, can be done at the bedside and more practical clinically to help guide individualized treatment.”

The panel unanimously agreed that pressure and volume do not give the same clinical information. Dr. Jeffrey Testani, who noted that he also uses Daxor’s diagnostic, commented that, “Surrogate measures [for volume] are confounded by many factors and that pressure does not equal volume. In reality, you need both as both are critical and give you different information.” Daxor’s BVA-100 blood test was highlighted as the only diagnostic that is FDA-cleared and readily available to quantify intravascular blood volume with over 60,000 tests performed to evaluate blood volume at leading hospitals in the United States.

“We are thrilled that our BVA-100 blood test was debated and recognized for its importance amongst this group of esteemed experts,” said Michael Feldschuh, President and CEO of Daxor Corporation. “Clinical demand for our diagnostic is rapidly growing. Ongoing outcomes in research, with five studies presented at this conference alone, add to the more than one hundred published peer-reviewed studies across many medical conditions which drive adoption and growth. Our diagnostic has significant value for providers and informs clinicians with critical information to manage and treat volume derangements, so patients get out of the hospital faster and have better results in terms of mortality and readmission when compared to those who did not receive BVA-guided care.”

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 60,000+ 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 multicenter trials in the areas of COVID-19 and 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.

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 Shapiro
Sr. Managing Partner, CORE IR
1-516-222-2560
brets@coreir.com

FAQ

What is the significance of Daxor's BVA-100 blood test in heart failure management?

Daxor's BVA-100 blood test is the only FDA-cleared diagnostic tool for accurately measuring blood volume, which is crucial for effective treatment in heart failure patients.

When was the scientific debate on blood volume and pressure methods held?

The scientific debate took place on October 3, 2022, during the Heart Failure Society of America Annual Scientific Meeting.

How many BVA-100 tests have been performed to date?

Over 60,000 BVA-100 tests have been conducted at leading hospitals across the United States.

What outcomes are associated with the use of Daxor's BVA-100 blood test?

The use of Daxor's BVA-100 test has been linked to significantly improved patient outcomes, including reduced mortality and lower readmission rates.

Who participated in the debate on volume-based versus pressure-based measurements?

The debate included experts from major institutions, such as Dr. Wayne Miller from Mayo Clinic and Dr. Jeffrey Testani from Yale University Medical Center.