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 (Nasdaq: DXR) will exhibit at the MedAxiom CV Transforum Fall’22 Conference in Austin, TX, from October 6-8, 2022. This conference gathers cardiovascular leaders to enhance patient care. Daxor's blood volume analysis (BVA) technology shows significant improvements in patient outcomes, including an 82% reduction in 30-day mortality. Daxor recently partnered with MedAxiom to promote BVA adoption among its clinical members. The company's innovations aim to optimize fluid management, enhancing healthcare delivery.
Daxor Corporation (Nasdaq: DXR) announced new findings from the Mayo Clinic at the Heart Failure Society of America meeting, revealing that over 50% of heart failure patients discharged from hospitals had suboptimal treatment based on BVA-100 blood tests. The study measured blood volume among 139 patients, showing persistent intravascular volume expansion post-discharge despite diuretic therapy. CEO Michael Feldschuh emphasized the urgency of blood volume analysis for improved patient outcomes, which could help reduce readmission rates penalized by the Centers for Medicare and Medicaid Services.
Daxor Corporation has announced new findings regarding its BVA-100 diagnostic blood test, which significantly reduces hospital stays for heart failure patients. Presenting at the HFSA Annual Scientific Meeting, the data show that patients receiving BVA-guided care had an average length of stay of 2.04 days, compared to 4.56 days for controls, leading to considerable cost savings. With heart failure treatment costs projected to rise dramatically by 2030, BVA's effectiveness could mitigate financial burdens on hospitals and improve patient outcomes.
Daxor Corporation (NYSE: DXR) presented new research at the HFSA Annual Scientific Meeting highlighting the efficacy of its BVA-100 blood test for heart failure patients. The study demonstrated a 81% reduction in 30-day mortality and an impressive 85% reduction in one-year mortality rates, decreasing from 36.8% to 5.6%. Additionally, there was a 56% lower rate of rehospitalization within 30 days, indicating significant economic advantages. This data underscores the importance of BVA-guided care in improving outcomes for Medicare patients.
Daxor Corporation (NYSE: DXR) recently presented findings from studies at the Heart Failure Society of America Annual Scientific Meeting, confirming the effectiveness of its BVA-100 blood test in managing heart failure. Research from Duke Heart demonstrated that traditional pressure metrics do not correlate with blood volume in heart failure patients. The BVA-100 offers 98% accuracy in blood volume measurement, providing crucial data for therapy optimization. This innovation is vital for enhancing patient outcomes and reducing healthcare costs, reassuring investors of Daxor's commitment to advancing heart failure management.
Daxor Corporation (Nasdaq: DXR) will present new patient outcome data at the Annual Scientific Meeting of the Heart Failure Society of America from September 30 to October 3, 2022, in Washington, DC. Key findings include significant reductions in heart failure readmissions (56%), 30-day mortality (82%), and 1-year mortality (86%) associated with blood volume analysis (BVA). This event will gather leading experts to discuss advancements in heart failure management. Daxor aims to improve healthcare through BVA technology, which has been validated by over 60,000 tests nationwide.
Daxor Corporation (Nasdaq: DXR) announces CEO Michael Feldschuh's participation at the H.C. Wainwright 24th Annual Global Investment Conference, scheduled for September 12-14, 2022, in New York. Attendees can request one-on-one meetings with him through the provided registration link. Daxor is renowned for its blood volume measurement technology, particularly the BVA-100®, enabling accurate quantification of blood volume, significantly improving patient outcomes. The company is involved in ongoing trials supported by the NIH, focusing on COVID-19 and heart failure treatment.
Daxor Corporation (Nasdaq: DXR), a leader in blood volume measurement technology, reported a 35.3% increase in net assets, totaling $19.6 million or $4.85 per share as of June 30, 2022. Despite a 7.3% decrease from year-end 2021, the operating division's valuation remained stable at $16.5 million. The company experienced a 92.6% revenue increase in its diagnostic segment, driven by sales and leasing of equipment. Furthermore, Daxor successfully completed a DOD contract for a portable blood volume analyzer, with anticipated FDA approval by Q4 2022, paving the way for a significant product launch.
Daxor Corporation (NYSE: DXR) reported a remarkable 92.6% revenue growth driven by the successful commercialization of its BVA-100® Blood Volume Analyzer. Significant factors include the launch of 12 new accounts, a 9.2% price increase, and orders from the U.S. Department of Defense. The firm also disclosed net assets of $19.6 million per share, rising 35.3% year-over-year. Furthermore, Daxor is progressing on a new portable blood volume analyzer with FDA submission expected by year-end, projecting a 2023 launch.
Daxor Corporation (Nasdaq: DXR) will announce its financial results for the six months ending June 30, 2022, on August 25, 2022, at approximately 4:00 p.m. ET. The earnings conference call will be hosted by President and CEO Michael Feldschuh and CFO Robert Michel at 4:30 p.m. ET on the same day. Investors can participate in a Q&A session by submitting their questions via email. The conference call will also be available through a live webcast, with replay options until November 25, 2022. Daxor is recognized for its innovative blood volume measurement technologies.
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?
