Company Description
Daxor Corporation (NASDAQ: DXR) is a medical instrumentation and biotechnology company focused on blood volume measurement. According to its regulatory filings and company disclosures, Daxor developed and markets the BVA-100 Blood Volume Analyzer, described as the first diagnostic blood test cleared by the U.S. Food and Drug Administration (FDA) to provide safe, accurate and objective quantification of blood volume status and composition compared to patient-specific norms. The company positions this technology as a way to address what it calls a multi‑billion‑dollar "silent crisis" in healthcare: the inability to precisely measure blood volume.
Daxor’s core business centers on its patented, FDA‑cleared Blood Volume Analysis (BVA) diagnostic, delivered through a rapid, hand‑held, lab‑based system. The company states that this system offers real‑time, precise data that can be used by clinicians to guide individualized treatment decisions. By quantifying a patient’s total blood volume and related parameters against patient‑specific norms, BVA is intended to support more accurate fluid management in a broad range of medical conditions, particularly in heart failure and intensive care settings where fluid balance is critical.
In its public communications, Daxor describes itself as the global leader in blood volume measurement technology, with approximately 50 years of experience and innovation in this field. The company highlights that its BVA technology has been used in peer‑reviewed clinical research and that BVA‑guided care has been associated with improvements in hospital performance metrics, including reduced readmissions, shorter hospital stays and better survival outcomes in high‑cost patient populations such as heart failure and critical care.
Blood Volume Analysis Technology
Daxor’s BVA platform is built around diagnostic tests that measure blood volume status and composition. The BVA‑100 analyzer, as described in SEC filings, was the first FDA‑cleared diagnostic blood test to provide objective quantification of blood volume. More recent company announcements describe a next‑generation, rapid, compact, hand‑held, lab‑based Blood Volume Analyzer (Daxor BVA™) that has received FDA 510(k) clearance. This next‑generation system is characterized by the company as portable, lightweight and capable of delivering over 95% accuracy while requiring less blood and providing results more quickly than its predecessor.
The company reports that its technology uses an indicator tracer dilution technique to quantify blood volume against patient‑specific norms. Daxor emphasizes that traditional clinical assessments of fluid status can be indirect or imprecise, and that objective BVA measurements can reveal misclassified patients who may be either fluid deficient (hypovolemic) or fluid overloaded (hypervolemic). By providing precise measurements, BVA is intended to help clinicians avoid both insufficient fluid administration and dangerous fluid overload.
Clinical and Operational Focus
According to Daxor’s disclosures, the BVA technology is used across multiple clinical areas where fluid management is central to patient care. These include heart failure, critical care and intensive care unit (ICU) medicine, and other high‑cost conditions that require careful volume management. Company communications reference clinical studies in heart failure, left‑ventricular assist device (LVAD) implantation, cardiac amyloidosis, sepsis and COVID‑19, where BVA‑guided care has been evaluated for its impact on outcomes such as readmissions, survival, kidney injury and hospital length of stay.
Daxor states that its mission is to partner with clinicians to incorporate BVA technology into standard clinical practice and improve quality of life for patients. The company positions BVA as a tool that can support value‑based healthcare by improving outcomes and reducing costs associated with volume mismanagement, prolonged hospital stays and readmissions.
Manufacturing and Infrastructure
Daxor reports that it is ISO certified and operates a U.S.‑based, approximately 20,000‑square‑foot, state‑of‑the‑art manufacturing facility. This facility is described as supporting the production and distribution of the company’s patented BVA diagnostic systems and related components. The company presents this manufacturing base as positioning it for expanded commercial deployment of its blood volume analysis technology.
Business Model and Revenue Drivers
From its shareholder communications and news releases, Daxor indicates that its operating business generates revenue from several sources tied to its blood volume measurement platform. These include sales of single‑use blood volume diagnostic kits used with its analyzers for heart failure management and critical care, as well as revenue from contracts with entities such as the U.S. Department of Defense. The company also references revenue contributions from its operating division and investment activity, though detailed financial metrics are time‑specific and disclosed in periodic filings rather than in evergreen descriptions.
Daxor’s strategy, as described in its announcements, includes expanding market adoption of its BVA technology through both on‑site analyzer deployments and a lab‑based service model. The company highlights the use of its ezBVA Lab Service, a CLIA‑certified lab offering next‑day results, alongside on‑site analyzers placed in health systems and cardiology practices. This dual approach is presented as a way to make BVA accessible in diverse care settings, from major health systems to outpatient and group practices.
Market and Sector Context
Daxor operates within the surgical and medical instrument manufacturing industry, within the broader manufacturing sector. Its specialization is in diagnostic instrumentation and biotechnology focused on blood volume measurement. Rather than offering a broad set of medical devices, the company concentrates on a specific diagnostic domain—quantitative blood volume analysis—and related consumables and services that support clinical decision‑making in fluid management.
Company materials emphasize that volume derangement contributes to a substantial healthcare burden in conditions such as heart failure, sepsis, critical illness, dialysis, surgical blood loss, traumatic injury and syncope. Within this context, Daxor positions its BVA technology as a means to provide objective data where clinicians have often relied on estimates or indirect markers of volume status.
Regulatory and Public Company Status
Daxor Corporation is incorporated in New York and its common stock, with a par value of $0.01 per share, is listed on the Nasdaq stock market under the trading symbol DXR, as noted in its SEC filings. The company files periodic and current reports with the U.S. Securities and Exchange Commission, including Form 8‑K reports for material events such as FDA clearances and shareholder meetings. These filings provide additional detail on corporate governance, shareholder votes and significant operational milestones.
FAQs about Daxor Corporation (DXR)
- What does Daxor Corporation do?
Daxor Corporation is a medical instrumentation and biotechnology company focused on blood volume measurement. It developed and markets the BVA‑100 Blood Volume Analyzer and related Blood Volume Analysis (BVA) diagnostics that quantify a patient’s blood volume status and composition compared to patient‑specific norms. - How does Daxor’s Blood Volume Analysis technology work in clinical practice?
According to the company, its BVA technology uses an indicator tracer dilution technique to provide objective measurements of blood volume. Clinicians can use these measurements to guide fluid management decisions in conditions such as heart failure and critical illness, where accurate assessment of volume status is important. - What medical conditions does Daxor focus on?
Daxor’s public communications highlight use of its BVA technology in heart failure, critical care and ICU settings, and in other high‑cost conditions where fluid management is central, including sepsis, COVID‑19 and certain cardiovascular procedures such as LVAD implantation. - What products and services does Daxor offer?
The company offers the BVA‑100 Blood Volume Analyzer and a next‑generation, rapid, hand‑held, lab‑based Blood Volume Analyzer (Daxor BVA™), along with single‑use blood volume diagnostic kits and the ezBVA Lab Service, a CLIA‑certified lab service that provides blood volume analysis results. - How does Daxor generate revenue?
In its shareholder communications, Daxor reports revenue from its operating division, including sales of single‑use blood volume diagnostic kits for heart failure and critical care, as well as revenue from contracts such as those with the U.S. Department of Defense. The company also reports investment income and gains in its financial updates. - What is notable about Daxor’s manufacturing capabilities?
Daxor states that it is ISO certified and operates a U.S.‑based, approximately 20,000‑square‑foot manufacturing facility. This facility supports production of its patented, FDA‑cleared BVA diagnostic systems and is described as positioning the company for expanded market deployment. - How is Daxor’s technology validated?
Company announcements reference multiple peer‑reviewed studies and clinical trials in areas such as heart failure, LVAD implantation, cardiac amyloidosis, sepsis and COVID‑19. These studies have evaluated BVA‑guided care for outcomes including readmissions, survival, kidney injury and hospital length of stay. - On which exchange does Daxor trade and what is its ticker symbol?
Daxor Corporation’s common stock is listed on the Nasdaq stock market under the ticker symbol DXR, as reported in its SEC filings.