Daxor Corporation Secures Funding to Enhance Healthcare Innovation
![Daxor Corporation Secures Funding to Enhance Healthcare Innovation](https://investorshangout.com/images/blog/ihnews-Daxor%20Corporation%20Secures%20Funding%20to%20Enhance%20Healthcare%20Innovation.jpg)
Daxor Corporation Secures $300K Matching Fund Award
The SBIR Matching Fund Award Will Drive Our Innovation, Commercialization Efforts, and Job Creation
Oak Ridge, TN — Daxor Corporation (NASDAQ: DXR), recognized as a pioneer in blood volume measurement technology, has received a substantial $300,000 SBIR matching fund awarded by Launch Tennessee (LaunchTN). This funding is aimed at propelling the development of Daxor’s next-generation point-of-care blood volume analyzer, reinforcing their existing capabilities following a Phase II award from the Defense Health Agency.
Impact on Innovation and Community
Michael Feldschuh, the CEO and President of Daxor, expressed enthusiasm about the funding: “This award is a significant addition to our portfolio of non-dilutive funding. It empowers us to provide clinicians with advanced tools for optimal fluid management, which is critical for enhancing patient outcomes.” His commitment echoes Daxor's ongoing dedication to innovation and job creation in the local community.
Launch Tennessee's Role
LaunchTN is a strategic public-private partnership focused on fostering entrepreneurship and economic growth in Tennessee. Their mission is to establish Tennessee as the premier state for startups by providing vital resources for technology advancement, workforce development, and capital access. Daxor’s recent award is a clear demonstration of its commitment to expanding its operations within Tennessee.
About Daxor Corporation
Founded as a leader in blood volume measurement, Daxor Corporation (Nasdaq: DXR) specializes in blood volume testing innovation. Their flagship product, the BVA-100™, is the only FDA-cleared diagnostic blood test that accurately measures blood volume status and composition against patient-specific norms. With over 65,000 tests successfully performed in leading hospitals nationwide, Daxor significantly improves healthcare outcomes, particularly in reducing mortality and readmission rates in heart failure and critical care settings.
Continued Growth and Research
Daxor is engaged in multiple clinical trials focusing on heart failure treatment, supported by the National Institutes of Health (NIH). Additionally, they are collaborating with the U.S. Department of Defense to develop analyzers designed to enhance care for combat casualties. Daxor’s mission remains clear: to innovate healthcare through precise blood volume analysis, with a vision of ensuring optimal blood volume for every patient.
Connect with Daxor Corporation
For more information about Daxor's advancements in blood volume measurement, interested parties are encouraged to visit their website. The company welcomes inquiries and news sign-up interest regarding their innovative technologies.
Frequently Asked Questions
What is the recent funding Daxor Corporation received for?
Daxor Corporation received a $300K matching fund from Launch Tennessee to advance their next-generation blood volume analyzer.
What does Daxor Corporation specialize in?
Daxor Corporation specializes in blood volume measurement technology, offering the BVA-100™, the only FDA-cleared diagnostic blood test for blood volume analysis.
How does Launch Tennessee support companies like Daxor?
Launch Tennessee supports companies by providing access to capital, mentorship, and resources aimed at enhancing entrepreneurship and economic development in the state.
What is the significance of Daxor's products?
Daxor’s products are vital for optimal fluid management in clinical settings, improving patient outcomes and reducing mortality rates in critical care.
How can I learn more about Daxor Corporation?
To learn more, visit Daxor’s website for detailed information and to stay updated on their innovative technologies.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Related Articles
- Helm Prepares for 2024 Mopar Vendor Expo with Key Innovations
- Revolutionizing Logistics: Velostics' Innovative Scheduling Tool
- Construction Milestone for Dodson Creek Solar Energy Project
- VIVAZEN Appoints First Medical Director to Lead Innovations
- Thomas Leslie Celebrated for Contributions to Chicago's Architecture
- Sedric AI Secures $18.5 Million to Revolutionize Compliance
- Seagram's Vodka Partners with USO to Support Military Families
- U.S. Banking Sector Sees Profit Surge Amid Expense Reductions
- Understanding the Impact of Stock Splits on Tech Stocks
- Discovering Environmental Stories in the Rural South
Recent Articles
- Helm Prepares for 2024 Mopar Vendor Expo with Key Innovations
- Revolutionizing Logistics: Velostics' Innovative Scheduling Tool
- New Roundtable Initiative Tackles Prostate Cancer Surge
- Construction Milestone for Dodson Creek Solar Energy Project
- VIVAZEN Appoints First Medical Director to Lead Innovations
- Thomas Leslie Celebrated for Contributions to Chicago's Architecture
- Egypt Joins C-130J Super Hercules Fleet with Advanced Aerial Power
- Sedric AI Secures $18.5 Million to Revolutionize Compliance
- G-SHOCK's GM2110D: Revolutionizing Durability and Style
- Seagram's Vodka Partners with USO to Support Military Families
- U.S. Banking Sector Sees Profit Surge Amid Expense Reductions
- Powell Max Limited IPO Raises $5.7 Million with PMAX Shares
- JPMorgan Analyzes Equity and Credit Markets Amid Recession Fears
- Understanding the Impact of Stock Splits on Tech Stocks
- Exploring Roth Contributions for Retirement Planning in Your 50s
- Unlocking Profitable Investment Strategies for Success
- Discovering Environmental Stories in the Rural South
- Services Sector Shows Modest Growth Amid Economic Pressures
- Axoni Achieves Prestigious Award for Operational Risk Excellence
- White Lodging Achieves High Ranking in Guest Satisfaction
- Understanding Insurance Fraud: Charges and Legal Consequences
- Surge in Automotive Telematics Market Fuels Innovation and Growth
- BRG Welcomes Investment Arbitration Expert Michael Seelhof
- The Future of Baby Diapers: A Market Set for Expansion
- Eclipse Corporation Launches Testing for Revolutionary DocOrigin Cloud
- Uphold Launches FDIC-Insured USD Interest Accounts with High APY
- Navigating the Surge in Data Center Demand and Investments
- Govee Launches Groundbreaking Smart Lighting Products at IFA 2024
- Nokia Shines as Leader in 2024 Gartner Magic Quadrant for 5G
- Crafting a Future: The Transforming Beer Market Landscape
- Exploring the Surge: Streaming Analytics Market Growth Ahead
- Investigation into Better Choice Company Inc. by Ademi LLP
- Top U.S. Cities for Young Veterans Seeking Affordable Homes
- Nichad Davis Honored Again as National Black Lawyer's Top 40 Under 40
- Is CrossFirst Bankshares Getting a Fair Deal? An Investigation
- Subaru Achieves Highest Satisfaction Scores in Recent Survey
- Transforming Communication: ZTE and Orange Liberia Unite
- FASTSIGNS Achieves Record Attendance at Annual Sales Summit
- Join Investors and Companies at Benzinga's SmallCap Conference
- Investigation Launched on Fair Price for Frontier Communications
- 3M Xtract Cubitron II Film Disc 775L: A Decade of Innovation
- Ghana's Strategic Move: Restructuring $13 Billion in Bonds
- Citi Analysts Predict Major Margin Gains for Intel
- Utz Brands Adjusts Financial Forecast Amid Market Changes
- Applied Digital's Stock Soars After Major Funding Announcement
- Navigating the Recent US Stock Market Trends and Insights
- Insight into Baltic Horizon Fund's Sustainability Practices
- Baltic Horizon Fund's Commitment to Sustainable Investing
- Powell Max Limited Sets Price for Initial Share Offering
- Colts Enhance Performance with New Matrix Helix Turf Upgrade