CHF Solutions (NSDQ:CHFS) announced that it closed an underwritten public offering worth gross proceeds of approximately $14.4 million. Eden Prairie, Minn.-based CHF Solutions’ offering includes the full exercise of the underwriters’ over-allotment option to purchase additional shares and warrants, bringing the total proceeds to $14.37 million after the offering was priced last week at approximately $12.5 […]
CHF Solutions Inc.
CHF Solutions prices $12.5M offering
CHF Solutions (NSDQ:CHFS) announced today that it priced an underwritten public offering of units worth approximately $12.5 million. Each unit in the offering consists of one share of common stock and one warrant to purchase one share of common stock at a public offering price of 45¢ per share, which expires on the fifth anniversary […]
MedTech 100 roundup: Another high as stocks tick up
For the third consecutive week, stocks in the medtech industry reached heights not yet seen since the COVID-19 pandemic began. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 89.65 points at the end of last week (Aug. 7). Overall, medtech stocks saw a 0.72% increase from […]
CHF Solutions sales up 11% in Q2 amid increased COVID-19 demand
CHF Solutions (NSDQ:CHFS) shares took a hit today despite second-quarter revenues that received a boost amid the COVID-19 pandemic. The Eden Prairie, Minn.-based fluid overload treatment developer posted losses of -$3.9 million, or -10¢ per share, on sales of $1.9 million for the three months ended June 30, 2020, for an 11.5% bottom-line gain on sales […]
CHF Solutions announces new president, COO
CHF Solutions (NSDQ:CHFS) recently announced that it has promoted Nestor Jaramillo Jr. to the president and COO spot at the company. Jaramillo’s promotion was effective July 1. Jaramillo has been at the Eden Prairie, Minn.-based fluid overload treatment developer since May 2019, focusing on commercial growth. “Nestor has had a strong impact on our commercial success […]
CHF Solutions lands $1.7m from COVID-19 aid, $1.1m from warrants
CHF Solutions (NSDQ:CHFS) announced today that it received nearly $1.7 million under the Paycheck Protection Program (PPP) and picked up $1.1 million from warrants. The Eden Prairie, Minn.-based fluid overload treatment developer brought in $1.66 million under the PPP as part of the federal Coronavirus Aid, Relief and Economic Security (CARES) Act. That full amount is […]
CHF Solutions increases production staff for Aquadex Smartflow due to COVID-19
CHF Solutions (NSDQ:CHFS) announced today that it is increasing the production staff that assembles its next-generation Aquadex SmartFlow consoles after increased demand from hospitals as a result of the COVID-19 pandemic. The Aquadex SmartFlow system is designed to remove excess fluid from patients suffering from hypervolemia (fluid overload). It is indicated for temporary (up to eight […]
CHF Solutions prices $2.2m offering
CHF Solutions (NSDQ:CHFS) announced today that it priced a registered direct offering of common stock worth approximately $2.2 million. The Eden Prairie, Minn.-based ultrafiltration therapy developer is offering more than 5.1 million shares of its common stock at a public price of approximately 43¢ per share. CHF Solutions expects gross proceeds of $2,226,000 prior to the […]
CHF Solutions wins FDA nod for Aquadex SmartFlow pediatric indication
CHF Solutions (NSDQ:CHFS) announced today that it received FDA 510(k) clearance for its next-generation Aquadex SmartFlow console for use in adult and pediatric patients weighing 20 kg or more. Eden Prairie, Minn.–based CHF Solutions said it submitted an application for clearance for the next-generation console last month, having previously offered its Aquadex FlexFlow system that wasn’t […]
CHF Solutions secures distribution arrangement in central Europe
CHF Solutions (NSDQ:CHFS) announced today that it initiated distribution agreements with Neucomed Group and its affiliates to cover Germany, Austria and Switzerland. With the new distribution agreements, Eden Prairie, Minn.–based CHF Solutions is further expanding its commercial presence in Europe, as the company now has distribution partnerships covering 13 different countries across the globe, according to […]
Major Texas health system will use CHF Solutions’ Aquadex FlexFlow system
CHF Solutions (NSDQ:CHFS) announced today that Texas-based Baylor Scott & White Health began offering aquapheresis therapy using its Aquadex FlexFlow system. Temple, Texas-based Baylor Scott & White Health is a major not-for-profit healthcare system in the state and among the largest in the U.S. The health system is now set to offer the Aquadex Flexflow at […]
