Welcome to our dedicated page for DAXOR news (Ticker: DXR), a resource for investors and traders seeking the latest updates and insights on DAXOR stock.
Daxor Corporation Common Stock (DXR) represents a pioneering medical instrumentation and biotechnology company focused on the accurate measurement of blood volume. Daxor develops and markets the BVA-100 (Blood Volume Analyzer), which stands as the first FDA-cleared diagnostic tool capable of providing precise, objective quantification of blood volume status and composition compared to patient-specific norms. This technology is pivotal across a wide range of medical conditions.
The BVA-100 has revolutionized blood volume measurement, a practice that has historically been prone to lengthy and inaccurate testing processes. Traditional methods often took 4 to 8 hours and yielded inconsistent results. In contrast, the BVA-100 can deliver accurate and reliable measurements quickly, enhancing the capabilities of physicians who previously had to rely on less precise tests that measured blood thickness, often leading to misleading outcomes in critical medical situations.
Daxor Corporation, headquartered in New York, is at the forefront of medical technology and innovation. The company's recent achievements include the development of the next generation of Blood Volume Analyzer Systems, securing further research patents, and producing excellent clinical outcomes. These advancements are not only enhancing the quality of patient care but also strengthening the company's market position.
Financially, Daxor has shown robust growth, with unaudited revenue climbing 229.1% in the first two months of 2024 year-on-year. The company's strong start to 2024 is indicative of its commitment to innovation and excellence. Daxor is also actively engaged in strategic partnerships and investor relations, with Bret Shapiro serving as the Senior Managing Partner at CORE IR, ensuring transparent and effective communication with investors and stakeholders.
In addition to its technological developments, Daxor is also a notable presence in the medical community, participating in significant events such as the Premier Event for Cardiovascular Industry Leaders and Clinicians. The company's research and publications, such as those presented at the American College of Cardiology Scientific Sessions and in the American Heart Journal, underscore its dedication to advancing medical knowledge and practice.
Daxor Corporation (NYSE: DXR) has received a grant from the Center for Advancing Point of Care Technologies to develop a smart heart failure diagnostic for intravascular fluid overload. This funding accelerates Daxor's R&D of next-generation devices for blood volume measurement, a critical need as heart failure affects over 6 million Americans annually. The point-of-care diagnostics market is projected to reach $46.7 billion by 2024, driven by a rising incidence of heart conditions and a shift towards home healthcare.
Daxor Corporation (NYSE: DXR) recently presented compelling findings at the Society for Critical Care Medicine's 50th Congress. A study conducted by the University of Hawaii revealed that the BVA-100 blood test effectively measures blood volume status post massive blood transfusions, outperforming traditional clinical metrics in 80% of cases analyzed. Only 20% of patients were found to be euvolemic, while 24% were hypovolemic despite normal clinical indicators. Daxor's BVA-100 test aims to enhance treatment precision, potentially improving patient outcomes in critical care settings.
Daxor Corporation (NYSE: DXR) announced its participation in the SCCM 50th Congress Virtual Event from January 31 to February 12, 2021, showcasing its BVA-100 blood test research from the University of Hawaii. The study indicates that BVA-100 can enhance patient care by significantly reducing mortality rates by 66% and altering SICU interventions in 44% of cases compared to standard methods. The company aims to improve healthcare outcomes through precise fluid management.
Daxor Corporation (NYSE: DXR) has entered into a distribution agreement with L1 Enterprises to promote its BVA-100 blood volume analysis test. This agreement targets federal healthcare agencies, including the Department of Defense and Veterans Affairs, to enhance patient care for conditions like heart failure and critical care.
CEO Michael Feldschuh emphasized the collaboration's potential to improve health outcomes for veterans, while L1 Enterprises highlighted the technology's role in reducing mortality rates and saving costs for the government.
Daxor Corporation (NYSE: DXR) announced that CEO Michael Feldschuh will present at the H.C. Wainwright BioConnect Investment Conference from January 11-14, 2021. He will discuss Daxor's innovative BVA-100® blood test, which has been used in over 50,000 assessments for various medical conditions, including heart failure. The company is also conducting a multi-center trial on COVID-19 and has contracts with the U.S. Department of Defense for advanced Blood Volume Analyzers.
Daxor Corporation (NYSE: DXR) has announced new acquisitions of its BVA-100® Blood Volume Analyzer by major medical centers, enhancing its presence in heart failure treatment. A leading Northeast academic center has integrated the device into inpatient protocols, while a Midwest clinic is utilizing it for outpatients. Additionally, three hospitals have renewed support agreements, reflecting the technology's value. The BVA-100® offers a cost-effective solution for fluid management, showing 80% lower costs compared to traditional therapies, and an average life-extension of 2.32 quality-adjusted life years.
Daxor Corporation (NYSE: DXR) announces that CEO Michael Feldschuh will present at the virtual 2020 LD MicroCap Main Event on December 14, 2020, at 10:40 AM ET. He will discuss the company's recent research on the BVA-100® blood test, focusing on its cost-effectiveness and benefits for heart failure patients. This event features a new format where presentations are followed by Q&A sessions. Interested investors can contact Bret Shapiro at COREIR for more information.
Daxor Corporation (NYSE: DXR) announced a collaboration with Wake Forest Baptist Health for an ongoing trial to treat COVID-19 patients using its BVA-100 technology. The participation of Wake Forest School of Medicine underscores the significance of Daxor's blood volume measurement in understanding COVID-related volume derangements. Daxor's BVA test is the first FDA-cleared diagnostic for assessing blood volume status and capillary leak rates, which are associated with higher mortality. Prior clinical trials revealed a 66% reduction in ICU mortality when utilizing BVA testing.
Daxor Corporation (NYSE: DXR) announces Oregon Health & Science University (OHSU) as a second site for a COVID-19 clinical trial using its Blood Volume Analyzer (BVA) technology. This partnership follows the earlier collaboration with NYU Langone Health. The BVA-100 is FDA-cleared and quantifies blood components, aiding in patient treatment strategies. The trial aims to investigate the implications of COVID-19 as an endothelial disease, with findings from previous studies indicating significant reductions in ICU mortality. The study is led by Dr. Martin A. Schreiber at OHSU.
Daxor Corporation (NYSE: DXR) will present at the virtual 2020 MicroCap Rodeo Best Ideas Bowl on October 13, 2020, at 3:00 PM ET. President and CEO Michael Feldschuh will provide insights on the company, including recent research from the Heart Failure Society of America, highlighting the BVA-100® blood test's cost-effectiveness and its potential to enhance patient lifespan in heart failure.
A Q&A session will follow the presentation. For more details, visit microcaprodeo.com.
FAQ
What is the current stock price of DAXOR (DXR)?
What is the market cap of DAXOR (DXR)?
What does Daxor Corporation specialize in?
What is the BVA-100?
How has the BVA-100 improved blood volume measurement?
What are some recent achievements of Daxor Corporation?
How has Daxor performed financially in early 2024?
Who is the Investor Relations Contact at Daxor Corporation?
What kind of medical events does Daxor participate in?
Where has Daxor Corporation published its research findings?
What is the significance of the BVA-100 in medical practice?
Where is Daxor Corporation headquartered?
