|From: SunTzu772 (Rep: 1109) reply to SunTzu772||Date: 11/07/2018 13:05|
|Forum: Daxor Corp - Msg #108||Thread #674044798 (Rec: 1) |
|Re: 7.49 US Army contract...difficult to get any bigger.|
Curiously 788k float shorts seem to still be playing their last card the recent 490k share offering that's being used to fund accelerating expansion of the BVA-100 to major hospitals and now the United States Army..their first ever contract...fwiw this is another landmark development for the company.
------------------- "Opportunities multiply as they are seized" -- Sun Tzu circa 500 B.C. -------------------
| Reply to SunTzu772 - Msg #107 - 11/07/2018 10:30|
7.49 US Army contract...difficult to get any bigger.
Daxor Corporation Selected for U.S. Army Contract to Develop a Blood Volume Analyzer for Improvement of Combat Casualty Care
November 07, 2018 08:30 ET | Source: Daxor Corporation
NEW YORK, Nov. 07, 2018 (GLOBE NEWSWIRE) -- Daxor Corporation (NYSE MKT: DXR), an investment company with innovative medical instrumentation and biotechnology operations focused on blood volume measurement, today announced that the U.S. Army has selected it for a contract award to develop a blood volume analyzer for improving combat casualty care.
The selection was made under the Defense Department’s Small Business Innovative Research (SBIR) program. The contract award will be to develop and demonstrate a prototype blood volume analyzer suitable for military use leveraging Daxor’s technology and experience with blood volume measurement devices. “Hemorrhage is the primary cause of death in about 30% of injured soldiers,” said Michael Feldschuh, CEO of Daxor Corporation. “Direct blood volume measurement has been shown to improve outcomes in a broad range of acute and chronic medical conditions. Our existing technology platform and patent portfolio is an ideal foundation for developing a rapid, rugged, portable blood volume analyzer that can improve prehospital resuscitation on the battlefield, potentially saving many lives.”
"This is an exciting additional opportunity to push our research and development program forward,” says Jonathan Feldschuh, Chief Scientific Officer. “We are focused on making volume measurement easier and quicker to perform, whether in a hospital lab, on the battlefield, or at the patient bedside.”
This is a first-time award for Daxor. SBIR contracts are designed to stimulate innovation by companies to develop technologies and solutions that meet critical Army needs. SBIR programs benefit the Department of Defense (DoD) and the private sector and support the nation’s economic growth.
About Daxor Corporation
Daxor Corporation is an innovative medical instrumentation and biotechnology company. We manufacture the BVA-100 Blood Volume Analyzer, the first instrument approved by the FDA to provide rapid direct measurement of a patient’s blood volume. We believe that the BVA-100 Blood Volume Analyzer has the potential to transform therapy in a broad range of surgical and medical conditions. It is our goal, working in conjunction with hospitals and clinics, to achieve that possibility. Ultimately the company’s mission is to help hospitals and physicians incorporate Daxor’s BVA-100 diagnostic to significantly improve the quality of patient care. For more information please visit our website at http://www.daxor.com.
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