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 […]
VA hospital launches study of CHF Solutions Aquadex FlexFlow device
CHF Solutions (NSDQ:CHFS) said yesterday that a U.S. Veterans Administration hospital in Florida received approval to begin an outpatient study using its Aquadex FlexFlow system for fluid overload in patients with heart failure. The study, approved by Tampa’s James Haley Veterans’ Hospital & Clinics institutional review board, will be the first of its kind to run […]
Wright Medical creates digital arm, promotes Asper to chief digital officer | Personnel Moves – May 7, 2019
Wright Medical (NSDQ:WMGI) said today that it is creating a new digital division and that it is promoting strategy, tech & corporate dev senior VP Jason Asper to chief digital officer. The new CDO title comes alongside Asper’s existing responsibilities, Amsterdam-based Wright Medical said. The new digital division will focus on the company’s digital surgery strategy […]
Medical Alley companies beat Q1 investment total
A surge in first-quarter 2019 investments in Medical Alley Association member startups pushed them past their performance in the same quarter last year, according to the Minnesota-based trade group. Seven of the 10 largest raises of the quarter went to medical device companies, which propelled the sector to its best first quarter on record, nearly doubling the […]
CHF Solutions touts reduced cost, hospital stays in Aquadex Flex Flow ultrafiltation study
CHF Solutions (NSDQ:CHFS) today released results from a study of its ultrafiltration, such as with its Aquadex Flex Flow system, as compared to diuretic therapy for treating heart failure patients, touting a reduction in hospital duration and readmissions. The Eden Prairie, Minn.-based company said that results from the study were published in the Journal of Medical […]
CHF Solutions closes $12m offering
CHF Solutions (NSDQ:CHFS) said today that a stock-and-warrants offering brought in more than $12 million. The Eden Prairie, Minn.-based fluid management device maker said the $5.25-per-unit offering was worth a total of $10.8 million, plus an over-allotment option the underwriters exercised in full, adding another $1.6 million. The offering was divided into two issues, the first consisting […]
CHF Solutions prices $11m offering
CHF Solutions (NSDQ:CHFS) today priced a stock-and-warrants offering worth nearly $11 million. The Eden Prairie, Minn.-based fluid management device maker said the $5.25-per-unit offering is worth a total of $10.8 million, divided into two issues. The first consists of 147,000 Class A units of a stock share and a pair of warrants at that price, one […]
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