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Nephros Reports First Quarter 2013 Financial Results
Date:5/8/2013

royalty payments from Bellco's sales of mid-dilution filters as part of the license agreement.  During the license period, Nephros no longer recognizes sales from the licensed territory, but rather licensing revenue and royalty payments.

U.S. On-line Mid-dilution Hemodiafiltration

In April 2012, Nephros received FDA 510(k) clearance to market the Company's online mid-dilution hemodiafiltration (mid HDF) system in the U.S. for the treatment of patients with chronic renal failure when used with a UF controlled hemodialysis machine that provides ultrapure dialysate in accordance with current AAMI/ANSI/ISO standards.  Nephros intends to pursue a limited launch of its mid-HDF system prior to expanding into the broader market.  We are currently preparing our mid-HDF system for a scaled market release and expect to have units placed in a select number of dialysis clinics in the second quarter of 2013.  In parallel, Nephros continues to explore opportunities to leverage the resources of a strategic partner to most effectively address the market.  There are more than half a million patients in the U.S. whose kidneys have failed requiring them to seek treatment.  Of these, approximately 370,000 are receiving hemodialysis. In 2009 the total medical care costs for Chronic Renal Failure reached $42.5 billion.  The Nephros mid-HDF system is the only FDA-cleared online mid-dilution HDF therapy available in the U.S.

Nephros is evaluating a range of additional commercial, industrial, and military opportunities for its ultrafiltration technology.

About Nephros, Inc.

Nephros is a commercial stage medical device company that develops and sells high performance liquid purification filters.  Our filters, which we call ultrafilters, are primarily used in dialysis centers and healthcare facilities for the production of ultrapure water and bicarbonate.

We were founded in 1997 by healthcare professionals affili
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SOURCE Nephros, Inc.
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