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CHF Solutions, Inc. (CHFS)

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Previous Close6.79
Open6.73
Bid6.33 x 1200
Ask6.75 x 800
Day's Range6.68 - 6.81
52 Week Range0.28 - 7.36
Volume22,101
Avg. Volume10,161,120
Market Cap18.467M
Beta (5Y Monthly)1.54
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    CHF Solutions Announces Data Demonstrating Benefit of Aquadex Therapy for Treatment of Heart Failure and COVID-19

    EDEN PRAIRIE, Minn., Oct. 07, 2020 (GLOBE NEWSWIRE) -- CHF Solutions (Nasdaq: CHFS), a medical device company dedicated to changing the lives of patients suffering from fluid overload, today announced data from a retrospective study and a case study supporting the benefit of Aquadex™ therapy in the treatment of heart failure. These data were presented at the 24th Annual Scientific Meeting of Heart Failure Society of America. The real-world retrospective study of 335 patients treated with the Aquadex FlexFlow® System, “10 years of real world data with UF for ADHF patients,”1 compared previous RCT trials with ultrafiltration (UF) and demonstrated that UF compares favorably in reducing heart failure (HF) rehospitalizations, renal function response, and weight/volume loss. Specific results included: * Substantial mean fluid removal (14.58 liters) and weight loss (15.63 lbs), which was sustained at 1-2 weeks post follow-up. * Improvement in reduced HF rehospitalization rates at 30, 90 days, and 1 year of 12.4%, 14.9%, 27.3% respectively. * Mean serum creatinine (sCr) increase of +0.07-0.11 mg/dl recorded at time of stopping therapy, discharge, and follow up. * On average, patients had 1.74 fewer hospitalizations for HF in the year following UF when compared to the year preceding UF. * Major bleeding, defined as requiring discontinuation of anticoagulation, was 3.6 % In comparison to previous randomized control trials focused on UF (AVOID2, CARRESS3, DOSE4, and UNLOAD5), patients in this study were older with worse renal function and greater HF hospitalizations in the year preceding UF therapy. The ability to adjust the rate of fluid removal with the Aquadex system is believed to be a major contributor to favorable outcomes. The study was conducted by Abington Hospital – Jefferson Health in Abington, Pennsylvania and funded by CHF Solutions.The case study, “Outpatient Ultrafiltration to Prevent Hospital Readmissions During COVID-19 Pandemic in Diuretic Intolerant Patient: Case Study,”6 involved the successful outpatient treatment of a 70-year-old female with heart failure with preserved ejection fraction and pre- and post-capillary pulmonary hypertension. This patient did not respond to outpatient therapies and diuretics and experienced multiple hospitalizations due to recurrent congestion. Given the patient’s co-morbidities and high-risk status, the patient received UF treatment with the Aquadex SmartFlow™ system in an outpatient setting to avoid exposure to COVID-19. Over the course of 4 days, a total of 4950 ml of isotonic fluid was removed. The patient showed immediate improvement in clinical symptoms and was effectively stabilized in the outpatient setting at Advocate Good Samaritan Hospital in Downers Grove, Illinois.“We are pleased with the results of these two studies confirming the benefits of Aquadex therapy in the treatment of heart failure patients, as demonstrated in previous studies and clinical observations, and the effectiveness of use in the outpatient setting to limit exposure to COVID-19,” said John Erb, Chairman and CEO of CHF Solutions. “We thank the teams at Abington Hospital – Jefferson Health and Advocate Good Samaritan Hospital for furthering data on the benefits of ultrafiltration.” 1. https://www.chf-solutions.com/aquadex-smartflow-system/clinical-evidence/ 2. AVOID-HF Trial: https://pubmed.ncbi.nlm.nih.gov/26519995/ 3. CARRESS-HF Trial: https://www.nejm.org/doi/full/10.1056/NEJMoa1210357 4. DOSE Trial: https://pubmed.ncbi.nlm.nih.gov/21366472/ 5. UNLOAD Trial: https://pubmed.ncbi.nlm.nih.gov/17291932/ 6. https://www.chf-solutions.com/aquadex-smartflow-system/clinical-evidence/About CHF Solutions CHF Solutions, Inc. (CHFS) is a medical device company dedicated to changing the lives of patients suffering from fluid overload through science, collaboration, and innovation. The company is focused on developing, manufacturing and commercializing the Aquadex SmartFlow system for ultrafiltration therapy. CHF Solutions is headquartered in Minneapolis, Minn., with wholly-owned subsidiaries in Australia and Ireland. The company has been listed on the Nasdaq Capital Market since February 2012.About the Aquadex SmartFlow System The Aquadex SmartFlow system delivers clinically proven therapy using a simple, flexible and smart method of removing excess fluid from patients suffering from hypervolemia (fluid overload). The Aquadex SmartFlow system is indicated for temporary (up to 8 hours) or extended (longer than 8 hours in patients who require hospitalization) use in adult and pediatric patients weighing 20 kg or more whose fluid overload is unresponsive to medical management, including diuretics. All treatments must be administered by a health care provider, within an outpatient or inpatient clinical setting, under physician prescription, both having received training in extracorporeal therapies.Forward-Looking Statements Certain statements in this release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation, statements about the use of Aquadex therapy in the treatment of heart failure and COVID-19. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this release, including, without limitation, those risk associated with our expectations regarding the potential impacts of the COVID-19 pandemic on our business operations, our ability to execute on our commercial strategy, the possibility that we may be unable to raise sufficient funds necessary for our anticipated operations, our post-market clinical data collection activities, benefits of our products to patients, our expectations with respect to product development and commercialization efforts, our ability to increase market and physician acceptance of our products, potentially competitive product offerings, intellectual property protection, our ability to integrate acquired businesses, our expectations regarding anticipated synergies with and benefits from acquired businesses, and other risks and uncertainties described in our filings with the SEC. Forward-looking statements speak only as of the date when made. CHF Solutions does not assume any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.CONTACTSINVESTORS:Claudia Napal Drayton Chief Financial Officer, CHF Solutions, Inc. 952-345-4205 ir@chf-solutions.comMEDIA:Jessica Stebing Health+Commerce 260-336-6202 jstebing@healthandcommerce.com

  • GlobeNewswire

    CHF Solutions Initiatives at HFSA 24th Annual Scientific Meeting Highlight Aquadex Therapy Performance in Heart Failure

    EDEN PRAIRIE, Minn., Sept. 30, 2020 (GLOBE NEWSWIRE) -- CHF Solutions (Nasdaq: CHFS), a medical device company dedicated to changing the lives of patients suffering from fluid overload, today announced its initiatives for the 24th Annual Scientific Meeting of the Heart Failure Society of America (HFSA) from September 30 to October 6, 2020. The conference is being held this year on a virtual platform at https://hfsa.org/annualscientificmeeting/program. Key highlights on Aquadex™ Therapy at VirtualHFSA2020 include: * Clinical Study Data from “Ten Year Experience of Ultrafiltration for Management of Acute Decompensated Heart Failure (ADHF)” presented during the Live Poster Chats on Saturday, October 3 and Sunday, October 4 from 1:15 to 2:45pm ET. * Case Study on “Outpatient Ultrafiltration to prevent Hospital Readmission During COVID-19 Pandemic in Diuretic Intolerant Patient: Case Study” presented during the Live Poster Chats on Saturday, October 3 and Sunday, October 4 from 1:15 to 2:45pm ET. * Virtual booth at https://virtual.hfsa.org/node/301597/exhibithall/0/422944lct=exhibithall-422944 with an opportunity to ask questions of CHF Solutions’ clinical specialists and access educational materials regarding the treatment of heart failure patients, including the recent webinar “Precision Medicine for the Treatment of Fluid Overload in Patients with Acute Heart Failure” presented by Dr. John Jefferies, the Jay M. Sullivan Distinguished Chair in Cardiovascular Medicine and Chief of Cardiology at the University of Tennessee Health Science Center. “This year’s virtual platform provides medical professionals with efficient access to valuable information and clinical data. We are excited to share how the Aquadex system has proven to be advantageous in the delivery of effective care for heart failure patients and patients with COVID-19,” said John Erb, Chairman and CEO of CHF Solutions. “We look forward to the presentation of additional data involving the use of ultrafiltration in the treatment of heart failure during the conference.”About CHF Solutions CHF Solutions, Inc. (CHFS) is a medical device company dedicated to changing the lives of patients suffering from fluid overload through science, collaboration, and innovation. The company is focused on developing, manufacturing and commercializing the Aquadex SmartFlow™ system for ultrafiltration therapy. CHF Solutions is headquartered in Minneapolis, Minn., with wholly-owned subsidiaries in Australia and Ireland. The company has been listed on the Nasdaq Capital Market since February 2012.About the Aquadex SmartFlow System The Aquadex SmartFlow system delivers clinically proven therapy using a simple, flexible and smart method of removing excess fluid from patients suffering from hypervolemia (fluid overload). The Aquadex SmartFlow system is indicated for temporary (up to 8 hours) or extended (longer than 8 hours in patients who require hospitalization) use in adult and pediatric patients weighing 20 kg or more whose fluid overload is unresponsive to medical management, including diuretics. All treatments must be administered by a health care provider, within an outpatient or inpatient clinical setting, under physician prescription, both having received training in extracorporeal therapies.Forward-Looking Statements Certain statements in this release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation, statements about the company’s initiatives in connection with the 24th Annual Scientific Meeting of the Heart Failure Society of America. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this release, including, without limitation, those risk associated with our expectations regarding the potential impacts of the COVID-19 pandemic on our business operations, our ability to execute on our commercial strategy, the possibility that we may be unable to raise sufficient funds necessary for our anticipated operations, our post-market clinical data collection activities, benefits of our products to patients, our expectations with respect to product development and commercialization efforts, our ability to increase market and physician acceptance of our products, potentially competitive product offerings, intellectual property protection, our ability to integrate acquired businesses, our expectations regarding anticipated synergies with and benefits from acquired businesses, and other risks and uncertainties described in our filings with the SEC. Forward-looking statements speak only as of the date when made. CHF Solutions does not assume any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. CONTACT: CONTACTS INVESTORS: Claudia Napal Drayton Chief Financial Officer, CHF Solutions, Inc. 952-345-4205 ir@chf-solutions.com MEDIA: Jessica Stebing Health+Commerce 260-336-6202 jstebing@healthandcommerce.com

  • GlobeNewswire

    CHF Solutions to Share COVID-19 Experience with Leading Government Commission

    EDEN PRAIRIE, Minn., Sept. 23, 2020 (GLOBE NEWSWIRE) -- CHF Solutions (Nasdaq: CHFS), a medical device company dedicated to improving the lives of patients suffering from fluid overload conditions, today announced it will be providing testimony to the U.S. International Trade Commission (USITC) concerning the availability of U.S.-sourced medical supplies to treat COVID-19 and future pandemics. USITC is highly regarded across the U.S. and the world as an independent, nonpartisan, quasi-judicial federal agency that fulfills a range of trade-related mandates. Under its mandate, USITC provides detailed analysis of international trade issues to the President and the Congress, and it serves as the forum for the adjudication of intellectual property and trade disputes.On August 13, 2020, two Congressional committees – the House Committee on Ways and Means and the Senate Committee on Finance – jointly issued a formal request to USITC calling on it to further its investigation into COVID-19 related supply chain challenges and to submit its findings in a report to Congress. This report is widely anticipated to aid Congress in making what the committees term “critical policymaking decisions” concerning U.S. COVID-related industry sectors, including the medical device industry.On Wednesday, September 23, 2020, USITC will hear from industry experts, including Nestor Jaramillo, President and Chief Operating Officer of CHF Solutions. In his testimony, Mr. Jaramillo will focus on the need for medical supply security in the U.S., and he will offer CHF Solutions as an example of how U.S.-sourced solutions can rapidly scale to meet critical needs, such as those arising during pandemics like COVID-19.“CHF Solutions is grateful for the opportunity to participate in USITC’s hearing, and we are honored that our President and Chief Operating Officer, Nestor Jaramillo, will be speaking with USITC Commissioners about our experience and recommendations,” said John Erb, CEO of CHF Solutions. “Our team works hard every day to deliver the Aquadex SmartFlow™ system, a state-of-the-art solution that aids specialists caring for patients suffering fluid overload. It is deeply gratifying for our team’s efforts to be recognized in such an important and impactful setting.”When COVID-19 struck, frontline medical teams quickly realized the pandemic was causing many patients to suffer a complication known as hypervolemia, an overload of fluids resulting from cardiac or renal dysfunction. Unless addressed, hypervolemia causes COVID-19 patients to face a much higher risk of dying due to fluid in their lungs, respiratory failure, kidney injury and failure, septic shock, and multi-system organ failure.Aquadex™ therapy has been deployed in COVID-19 frontline hospitals as an adjunct therapy for patients afflicted by the pandemic, enabling physicians to treat volume overload before patients succumbed to the ravages of hypervolemia. At the same time, the Aquadex systems also enabled frontline hospitals to free up dialysis equipment and supplies, both of which experienced extreme shortages in COVID-19 hot spots.“We are proud of the clinical outcomes the Aquadex system is helping to make possible,” continued John Erb, “and we recognize this progress may have been impossible but for Aquadex’s domestic production, supply, and servicing. The COVID-19 pandemic produced an unanticipated demand for our device and support. Because CHF Solutions manufactures, services, and supplies Aquadex entirely in the United States, we were able to leverage our domestic presence to scale rapidly and meet demand, even as the COVID-19 pandemic was posing serious challenges to international trade. Were Aquadex foreign sourced, I simply do not know if we would have been able to scale up, meet demand, and enable frontline care teams to save their patients from this devastating virus.”Policy consensus is forming in Washington, D.C. that medical supply security may only be realized in the U.S. if the domestic manufacture of essential medications, medical devices, and protective equipment is established, nurtured, and supported. Towards that end, federal and state decision makers are giving priority consideration to coverage, regulatory, and related policies that may encourage and sustain domestic sources of the medical items and services the U.S. is likely to need during COVID-19 and future pandemics.The Aquadex SmartFlow system is produced in Minnesota and is used as an adjunct therapy for fluid management by COVID-19 frontline hospitals, especially when dialysis equipment and staff are limited. As recently cited, isolated ultrafiltration has proven to be an optimal strategy that primarily focuses on fluid extraction and optimization of volume status.1 A portable ultrafiltration device with small extracorporeal volume (i.e. 35 ml), the Aquadex SmartFlow system provides a predictable method for fluid extraction, making it more likely to achieve precise fluid balance in COVID-19 patients.1 https://pubmed.ncbi.nlm.nih.gov/32336959/About CHF Solutions CHF Solutions, Inc. (CHFS) is a medical device company dedicated to changing the lives of patients suffering from fluid overload through science, collaboration, and innovation. The company is focused on developing, manufacturing and commercializing the Aquadex SmartFlow system for ultrafiltration therapy. CHF Solutions is headquartered in Minneapolis, Minn., with wholly-owned subsidiaries in Australia and Ireland. The company has been listed on the Nasdaq Capital Market since February 2012.About the Aquadex SmartFlow System The Aquadex SmartFlow system delivers clinically proven therapy using a simple, flexible and smart method of removing excess fluid from patients suffering from hypervolemia (fluid overload). The Aquadex SmartFlow system is indicated for temporary (up to 8 hours) or extended (longer than 8 hours in patients who require hospitalization) use in adult and pediatric patients weighing 20 kg or more whose fluid overload is unresponsive to medical management, including diuretics. All treatments must be administered by a health care provider, within an outpatient or inpatient clinical setting, under physician prescription, both having received training in extracorporeal therapies.Forward-Looking Statements Certain statements in this release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation, statements about the testimony to be presented to the U.S. International Trade Commission, the outcome of the report from the U.S. International Trade Commission, and supply security provided by domestic manufacturing. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this release, including, without limitation, those risk associated with our expectations regarding the potential impacts of the COVID-19 pandemic on our business operations, our ability to execute on our commercial strategy, the possibility that we may be unable to raise sufficient funds necessary for our anticipated operations, our post-market clinical data collection activities, benefits of our products to patients, our expectations with respect to product development and commercialization efforts, our ability to increase market and physician acceptance of our products, potentially competitive product offerings, intellectual property protection, our ability to integrate acquired businesses, our expectations regarding anticipated synergies with and benefits from acquired businesses, and other risks and uncertainties described in our filings with the SEC. Forward-looking statements speak only as of the date when made. CHF Solutions does not assume any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. CONTACT: CONTACTS INVESTORS: Claudia Napal Drayton Chief Financial Officer, CHF Solutions, Inc. 952-345-4205 ir@chf-solutions.com MEDIA: Jessica Stebing Health+Commerce 260-336-6202 jstebing@healthandcommerce.com