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Nephros Reports Second Quarter 2014 Financial Results
Date:8/14/2014

RIVER EDGE, N.J., Aug. 14, 2014 /PRNewswire/ -- Nephros, Inc. (OTCQB:NEPH), a commercial stage medical device company that develops and sells high performance liquid purification ultrafilters and an on-line mid-dilution hemodiafiltration system for the treatment of chronic renal failure patients, announced today financial results for the three and six months ended June 30, 2014.

Recent Highlights

  • First commercial use of the Nephros on-line mid-dilution hemodiafiltration system and treatment of first patients by DaVita Kidney Care, a division of DaVita Healthcare Partners Inc. at their Colorado Springs dialysis facility
  • Appointed Matthew S. Rosenberg to Board of Directors
  • Submitted 510(k) application to the FDA for our DSU-H and SSU-H Ultrafilters to be used to filter EPA quality drinking water to remove microbiological contaminants and waterborne pathogens
  • Received notification from the U.S. Army Contracting Command that discussions with offerors have now concluded and Nephros remains within the competitive range

"The second quarter marked the first commercial use of our on-line mid-dilution HDF system," commented John C. Houghton, President and CEO of Nephros.  "We are pleased to be working with DaVita and look forward to working with additional U.S. dialysis providers as they complete preparations in their clinics.  Separately, we have received notification from U.S. Army Contracting Command that it has concluded discussions with offerors that remain within the competitive range in connection with the request for proposal relating to our individual water purification device.  In the hospital market, we hope to receive clearance of our DSU-H and SSU-H Ultrafilters, which we believe, if cleared, would be the only hospital water filtrat
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SOURCE Nephros, Inc.
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