Contact Information: Contact Information: Stephen Feldschuh Chief Operating Officer 212-330-8515 stephen@daxor.com Diane Meegan Investor Relations 212-330-8512 dmeegan@daxor.com Dr. Sandra Gilbert Clinical Research Coordinator 212-330-8532 sgilbert@daxor.com
Daxor Announces That Susquehanna Health of Williamsport, PA Acquires BVA-100 Blood Volume Analyzer
| Source: Daxor Corp.
NEW YORK, NY--(Marketwire - October 7, 2009) - Daxor Corporation (NYSE Amex : DXR ), a medical
instrumentation and biotechnology company, today announced the receipt of a
signed trial agreement from Susquehanna Health of Williamsport,
Pennsylvania. This will provide Susquehanna Health with a Blood Volume
Analyzer-100 (BVA-100), an instrument which enables semi-automated
measurement of a patient's total blood volume, red blood cell volume and
plasma volume. Blood volume abnormalities are observed in a variety of
cardiac conditions. Proper diagnosis and correction of blood volume
abnormalities can lead to improved patient outcomes.
Susquehanna Health is a not-for-profit system consisting of three hospitals
and a multi-specialty group practice in north central Pennsylvania. It
includes The Williamsport Hospital & Medical Center (a 223-bed and
22-bassinet acute care hospital), Divine Providence Hospital (a 31-bed
inpatient behavioral health and general acute outpatient center), Muncy
Valley Hospital (a 25-bed acute care critical access hospital), and the
Susquehanna Health Medical Group (a large multi-specialty physician group
comprised of 108 physician providers). Susquehanna Health is a healthcare
leader that serves patients from an 11-county region. It includes a Heart
and Vascular Institute, located on the Williamsport Hospital & Medical
Center campus, which provides a complete range of advanced cardiac
services. The BVA-100 will be located at the Williamsport Hospital &
Medical Center.
Dr. Judith Gouldin, Medical Director of Nuclear Medicine at The
Williamsport Hospital, states that "having a test that directly measures
intravascular blood volume will improve the care given to our most
vulnerable patients -- those with compromised heart and kidney function,
those undergoing major surgery, and those with serious infections. Blood
volume information will translate into faster recovery at a lower cost."
The BVA-100 has proven to be useful in the diagnosis of volume-overloaded
heart failure patients, which can then allow for more effective treatment:
In a previous study of 43 patients with the BVA-100, heart failure patients
who were treated to a normal blood volume showed a 100% survival rate over
a two-year period, in contrast to patients who remained volume overloaded
-- who showed only a 45% survival rate. These findings are extremely
significant in light of the fact that hospitals may lose their
reimbursement for repeat hospitalizations within a 30-day period for the
treatment of heart failure patients. In addition, the treatment of
Congestive Heart Failure (CHF) is a major medical expense for patients over
65 years of age. Such patients require frequent readmission to the
hospital to treat their condition. Medicare is currently evaluating
whether or not to withhold reimbursement for CHF hospital readmissions
which occur in less than 30 days. This will provide a strong economic
incentive for hospitals to provide treatments which are effective over the
long-term.
Daxor Corporation manufactures and markets the BVA-100, which is used in
conjunction with Volumex, Daxor's single use diagnostic kit. For more
information regarding Daxor Corporation's Blood Volume Analyzer BVA-100,
visit Daxor's website at www.Daxor.com.