Daily Pick for 12/29/16
NEPH: Nephros, Inc.
Market Cap: $15,158,554
Outstanding Shares: 49,216,086
Notes from the Editor: Nephros, Inc (OTCQB: NEPH) is a medical device company that targets patients with end state renal disease. The company generated $1.9M in revenue in 2015 and has already reported $1.5M in revenue for the first three quarters in 2016. Now that they’ve received FDA clearance to market another product, the company is poised for more revenue.
RIVER EDGE, NJ — (Marketwired) — 12/27/16 — Nephros, Inc. (OTCQB: NEPH) (the “Company”), a commercial stage medical device company that develops and sells high performance liquid purification ultrafilters and an on-line mid-dilution hemodiafiltration (“HDF”) system for use with a hemodialysis machine for the treatment of patients with end stage renal disease, announced that it has received 510(k) clearance from the U.S. Food and Drug Administration (“FDA”) to market its HydraGuard™ 10″ UltraFilter. Continue Reading
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Source: Uptick Newswire