Welcome!

News Feed Item

Daxor to Explore Possible Partnership or Partial Sale of the Company

NEW YORK, NY -- (Marketwired) -- 06/19/14 -- Daxor Corporation (NYSE MKT: DXR) -- The Board of Directors of Daxor Corporation, at its June 18, 2014 meeting, renewed its annual stock buy-back program of up 250,000 shares.

The Board of Directors also voted to explore options for partnering with a much larger company to facilitate acceptance of its unique medical services and technology. The focus will be on a large company with experience in distribution and marketing. The company intends to engage an investment banker to expedite this process. As part of this process, the Board of Directors is also willing to consider a partial sale of the company.

The company remains committed to its fundamental goal of making its blood volume analyzer a standard of care in medical and surgical conditions. Daxor's BVA-100 is the only semi-automated instrument approved by the FDA for direct blood volume measurement.

Accurate knowledge of a patient's blood volume is essential to determining who should receive a transfusion and who should not receive a transfusion. For example, the President of Daxor, Dr. Joseph Feldschuh, fractured his hip on February 4, 2014 and had emergency surgery. He lost approximately 10 times as much blood as was estimated by the surgeon and anesthesiologist. The actual blood loss was documented by a subsequent blood volume measurement which demonstrated the true extent of the severe blood loss. Fortunately Dr. Feldschuh also had a unit of his own frozen blood available which had been collected four-and-a-half years previously and was administered shortly after the surgery when he experienced symptoms due to the blood loss.

Blood loss is just one example of where precise knowledge of a patient's blood volume is essential, but is unavailable in most hospitals in the United States. Congestive heart failure, the #1 expense for Medicare patients admitted to hospitals in the United States, is primarily a blood volume derangement. A study published from the Mayo Clinic in the Journal of the American College of Cardiology - Heart Failure documented that congestive heart failure patients are a specific group requiring significantly different modes of treatment depending on the underlying blood volume derangement. At the present time patients are not routinely treated utilizing blood volume measurements. The death rate for congestive heart failure patients is 30 to 40% within one year of hospitalization for heart failure.

Renal dialysis patients, patients with hypertension, syncopy patients (fainting), are common conditions where blood volume derangements are essential to understanding the pathology of the patients. Patients are routinely treated for these conditions on the basis of surrogate tests which have been shown to be inaccurate.

A fundamental goal of the company is to make blood volume measurement a standard of care so that patients are optimally treated, particularly in conditions with high death rates and permanent, severe complications.

The company has also pioneered the use of frozen autologous (self storage) blood. Such blood stored at super-low temperatures can be used for up 2 to 10 years after collection. The American Medical Association has stated that "the only safe blood is one's own blood." Despite the obvious benefits of such a program, this service has minimal utilization.

Additional information and analyst evaluation of Daxor is available on our website www.daxor.com.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
Did you know that you can develop for mainframes in Java? Or that the testing and deployment can be automated across mobile to mainframe? In his session at @DevOpsSummit at 20th Cloud Expo, Vaughn Marshall, Sr. Principal Product Owner at CA Technologies, will discuss and demo how increasingly teams are developing with agile methodologies using modern development environments and automating testing and deployments, mobile to mainframe.
SYS-CON Events announced today that Hitachi Data Systems, a wholly owned subsidiary of Hitachi LTD., will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City. Hitachi Data Systems (HDS) will be featuring the Hitachi Content Platform (HCP) portfolio. This is the industry’s only offering that allows organizations to bring together object storage, file sync and share, cloud storage gateways, and sophisticated search an...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Analytic. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost ...
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound e...
SYS-CON Events announced today that Twistlock, the leading provider of cloud container security solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Twistlock is the industry's first enterprise security suite for container security. Twistlock's technology addresses risks on the host and within the application of the container, enabling enterprises to consistently enforce security policies, monitor...
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
@ThingsExpo has been named the Most Influential ‘Smart Cities - IIoT' Account and @BigDataExpo has been named fourteenth by Right Relevance (RR), which provides curated information and intelligence on approximately 50,000 topics. In addition, Right Relevance provides an Insights offering that combines the above Topics and Influencers information with real time conversations to provide actionable intelligence with visualizations to enable decision making. The Insights service is applicable to eve...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...
While some vendors scramble to create and sell you a fancy solution for monitoring your spanking new Amazon Lambdas, hear how you can do it on the cheap using just built-in Java APIs yourself. By exploiting a little-known fact that Lambdas aren’t exactly single threaded, you can effectively identify hot spots in your serverless code. In his session at 20th Cloud Expo, David Martin, Principal Product Owner at CA Technologies, will give a live demonstration and code walkthrough, showing how to o...
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...