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Stock impact report

Specialty Renal Products Announces $3 Million Series A Financing

Nephros, Inc. (NEPH) 
NASDAQ:AMEX Investor Relations: nephros.com/investor-relations
Company Research Source: GlobeNewswire
SOUTH ORANGE, NJ, Sept. 06, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Specialty Renal Products, Inc. (SRP), a private medical device company focused on the development of products for patients with renal disease, including a hemodiafiltration (HDF) system for the treatment of patients with End Stage Renal Disease (ESRD), and a subsidiary of Nephros, Inc. (OTCQB: NEPH), announced today that is has closed a $3 million Series A financing. SRP intends to use the proceeds from the financing to complete development of its second-generation HDF system, with a planned initial launch in late 2019.  The company’s first-generation device is currently the only FDA-cleared HDF system in the United States. “This financing significantly bolsters the next phase of the HDF story,” said Daron Evans, President and CEO of SRP. “We expect this round to fund the development and initial commercial production of SRP’s second-generation HDF system, as well as its initial launch into the market.” The f Show less Read more
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