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Nephros Reports Second Quarter 2012 Financial Results
Date:8/14/2012

period, Nephros no longer recognizes sales from the licensed territory, but rather licensing revenue and royalty payments.

U.S. Hemodiafiltration

In April 2012, Nephros received FDA 510(k) clearance to market the Company's hemodiafiltration (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 HDF system prior to expanding into the broader market.  We are currently preparing our HDF system for a scaled market release and expect to have units placed in a select number of dialysis clinics in the fourth quarter of 2012.  In parallel, Nephros will continue 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 HDF system is the only FDA-cleared on-line HDF therapy available in the U.S.

About Nephros, Inc.

Nephros, Inc., headquartered in River Edge, New Jersey, is a global medical device company that focuses on the development and commercialization of liquid purification filters that combine a best in class purification to flow rate ratio with filter endurance.  Nephros ultrafilters remove biological contaminants from water or bicarbonate to provide ultrapure water and bicarbonate for use in hemodialysis.  Nephros ultrafilters also purify water in the hospital/healthcare setting particularly at the point of use, i.e. at the end of the faucet/shower head or in-line under the sink.  This approach has been shown to be particularly useful for infection control
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SOURCE Nephros, Inc.
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