NxStage Medical, Inc. (/ˈnɛkˌsteɪdʒ/ NEK-stayj[2]) is an American company that develops, manufactures, and markets systems for the treatment of chronic kidney disease, acute kidney injury, and hypervolemia. It is a subsidiary of Fresenius Medical Care. System One, a portable hemodialysis system, is the company's primary product.[1]
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Medical devices |
| Founded | December 1998 |
| Founder | C. David Finch, Jr., MD and Jeffrey H. Burbank |
| Headquarters | , U.S. |
| Products | System One |
| Revenue |  $393 million (2017) |
| -$14 million (2017) | |
| Total assets | $325 million (2017) |
| Total equity | $213 million (2017) |
Number of employees | 3,800 (2017) |
| Parent | Fresenius Medical Care |
| Website | www |
| Footnotes / references [1] | |
History
editThe company was founded by C. David Finch, Jr., MD[3] and Jeffrey H. Burbank in December 1998.[4]
In 2003, the company launched System One in the critical care market. It received Food and Drug Administration clearance for home hemodialysis in June 2005.[5]
In October 2005, the company became a public company via an initial public offering.[6]
On November 2, 2005, the company received the Nixon Peabody/Smith&Nephew Medical Device Innovation Award in the Start-Up category from the Massachusetts Medical Device Industry Council (MassMEDIC).[7]
In December 2014, the company received Food and Drug Administration clearance for System One to be used overnight while patients are sleeping.[8]
In August 2017, the company received Food and Drug Administration clearance for System One for solo home hemodialysis, without a care partner, during waking hours.[9]
In February 2019, the company was acquired by Fresenius Medical Care.[10][11]
References
edit- ^ a b "NxStage Medical, Inc. 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ "VersiHD with GuideMe Software Overview Animated Video". YouTube. October 27, 2023. Retrieved 1 June 2024.
- ^ Who, Marquis Who's (2014-01-10). "C. David Finch Jr. MD". Elite American Physicians. Retrieved 2019-10-24.
- ^ "Company Overview of NxStage Kidney Care, Inc". Bloomberg L.P. 15 July 2023.
- ^ "NxStage Medical Receives FDA Clearance for Home Hemodialysis System" (Press release). Business Wire. June 29, 2005.
- ^ "NxStage Medical rolls out lower-priced IPO". American City Business Journals. October 24, 2005.
- ^ "MassMEDIC Honors NxStage Medical with Innovation Award for Portable Home Hemodialysis System" (Press release). Business Wire. November 2, 2005.
- ^ Seiffert, Don (December 29, 2014). "NxStage nabs first-ever FDA approval for overnight home hemodialysis". American City Business Journals.
- ^ "NxStage Medical Announces FDA Clearance for Solo Home Hemodialysis Using NxStage® System One™" (Press release). PR Newswire. August 28, 2017.
- ^ BANNOW, TARA (February 26, 2019). "Fresenius Medical Care closes $2 billion NxStage acquisition". Modern Healthcare.
- ^ "Fresenius Medical Care completes acquisition of NxStage Medical" (Press release). PR Newswire. February 26, 2019.