I was happy 1 week in Neph history, the days after we got FDA approval. Within 5 days, Neph began its continued decline. Its amazing to me how this stock has always had downward pressure. Look at the chart, every time it pops, it never stays, or climbs for any substantial time, its always pressured down, always.
No, i was trying to be a bit over-the-top in the post, hence the $20 prediction. They probably still in tech eval cuz you know, this is like the vetting of a nuclear submarine, gotta make sure it all checks out!
The bill will pass, and that should remove the last excuse for why we have not been awarded a contract. Army will no long be pinching pennies, the spending binge goes on and they can cut us a check, push our stock price to $20 a share and i can get outta this POS and get on with my life!
And that's preciously what this neonatal unit did, hooked it to their sink, and used it as a replacement for the sterile source. Sorry, this is not only improper usage, this is negligence on behalf off the place of business. The instructions are clear, the nurses or whoever used this water for the neonates is responsible. I cannot wait to see the information regarding this "filter breakage" and if we get nothing, then im going to the next shareholder meeting and making a scene.
From the 8k
Prior to receiving the complaints mentioned previously, Nephros had received 29 additional complaints of high bacterial counts that may be associated with the breakage of filter fiber, since it began marketing the products. We have had no reports of adverse events associated with these 29 complaints.
Yep, says it right in the filing. Id love to know what hospital this was so I dont go withion 100 miles.
They purchased the filters though as a measure to stop the bacteria, so then why did the filter fail? Was this even a US hospital????
Exactly....but nobodys talking. This issue happened on the first week of Aug. They have clammed up for 4 months now. Obviously the results of any investigation have long since been determined and are not being released. If Nephros was not responsible, they obviously would be going public with that.....right?
I think the term fiber breakage indicates fiber degradation due to something such as over-pressure or chemicals in the tap that can eat the fibers up. Imagine try to filter rice through a cotton ball, you have to have a substantial degradation of that membrane to allow the rice that itself is much larger than the pore size of the cotton to make it through the entire membrane. So until we hear otherwise, its my opinion they opened up the filter and it was destroyed inside or substantially messed up. And since they refuse to discuss (*#@&# with us, thats what im going with.
There's alot more to sterile water than simply filtering it. As far as the breakage, we dont know. Im starting to wonder if the chemicals in tap water can degrade the filter membrane? IDK. All tap water not created equal.
So there you have it....Some morons installed these filters to a TAP water faucet then started to use this filtered water in place of a sterile water source. Why was there a breach in the membrane? We dont know, but this spells it out quite clearly....improper usage, u dont use filtered tap water when sterile water is required!!!!!!!!!!!! COME ON!!!!!!!!!!!
Guys, im disappointed no one posted this. Getting tired of doing all the DD!
There are (3) event reports on FDA website....the is this one...
Neonatal unit with pre-existing pseudomonas issue in the healthcare facility's water system installed point-of-use water filters on the sink faucets in the unit ((b)(6) 2013). Filtered tap water from these faucets was then used for pt care purposes which replaced use of sterile water prior to installation of the water filters. Pt cultured positive for a pseudomonas infection on (b)(6) 2013. Filter from same common treatment area was returned to manufacturer for investigation. Integrity testing of filter indicated there was a breach in the filter membrane.
And then theres this one...
Neonatal unit with pre-existing pseudomonas issue in the healthcare facility's water system installed point-of-use water filters on the sink faucets in the unit ((b)(6) 2013). Filtered tap water from these faucets was then used for patient care purposes which replaced use of sterile water prior to installation of the water filters. Patient cultured positive for a pseudomonas infection on (b)(6) 2013 and died same day. Cause of death has not been disclosed. Filter from same common treatment area was returned to manufacturer for investigation. Integrity testing of filter indicated there was a breach in the filter membrane.
The absoute best news that could come at this point in time, besides announcing a win of Army deal, would be a PR stating the recall is complete and products are now being sold again. We have to get this labeling issue solved or whatever it is.
Thats why they need to sell the military side to Cascade for 25M today and open their own clinics with the new capital.
The online Mid-HDF that Nephros touts is most well knowd for decreasing mortality, ie., DEATH.
That should be the only selling point they need. The results of the online-mid-hdf is decreased mortality, case closed enough said
Heres the real question, does the addition of Neph's products save them money?
We have analyzed this before, and I have NEVER seen Nephros put together a monetary report on this either. If its a major selling point, then wouldnt they be "selling" it?
Thats his compensation for BOD, because they have no cash to spend, they give him shares, nothing to see here, move along, lol. Standard operating procedure, hes gotta get paid somehow right.