Rockwell Medical Begins Selling its Hemodialysis Concentrates Products to New Clinics in Minnesota with its Largest Customer
December 13 2022 - 06:00AM
Business Wire
Rockwell Medical, Inc. (“Rockwell” or the “Company”) (Nasdaq:
RMTI), a commercial healthcare company focused on providing
life-sustaining products for patients suffering from blood
disorders and diseases associated with the kidney, announced that
the Company is adding new business within the Minnesota region.
Rockwell started to supply these clinics with its hemodialysis
concentrates products effective December 5, 2022, anticipates that
all clinics will be onboarded by January 1, 2023, and expects to
generate over one million dollars in revenue the first year.
“Rockwell is focused on growing its hemodialysis concentrates
business across the United States and around the globe.
Accordingly, we are pleased to announce that we are expanding our
distribution capabilities westward into Minnesota and supplying an
additional estimated 3,000 dialysis patients with our
life-sustaining hemodialysis concentrates products,” said Mark
Strobeck, Ph.D., President and CEO at Rockwell Medical. “We are
excited to be working more closely with our partner to support
their dialysis centers and the patients they serve.”
Rockwell is the second largest supplier of life-sustaining
hemodialysis concentrates products to dialysis clinics in the
United States and is one of only two suppliers that has the
manufacturing scalability and transportation infrastructure to
service the over 7,500 dialysis clinics in the United States along
with select international markets. In the United States, the
in-center hemodialysis concentrates market is currently valued at
$380 million and is anticipated to grow to approximately $500
million by 2026, driven primarily by an increasing number of
patients suffering from end-stage kidney disease. Rockwell is an
indispensable player in this large and expanding market and we
believe it is well-positioned to achieve annual revenue of $100
million in the next few years.
About Rockwell Medical
Rockwell Medical, Inc. (Nasdaq: RMTI) is a commercial healthcare
company focused on providing life-sustaining products for patients
suffering from blood disorders and diseases associated with the
kidney. Rockwell is an innovative leader in producing and
delivering a portfolio of hemodialysis products, including
concentrates (solutions and powders) and related ancillaries, to
dialysis providers in the United States and internationally.
Rockwell is the second largest supplier of acid and bicarbonate
concentrates for dialysis patients in the United States. The
Company is dedicated to providing the hemodialysis community with
the highest quality products supported by the most reliable
delivery service in the industry. For more information, visit
www.RockwellMed.com.
Forward-Looking Statements
Certain statements in this press release may constitute
"forward-looking statements" within the meaning of the federal
securities laws. Words such as, "may," "might," "will," "should,"
"believe," "expect," "anticipate," "estimate," "continue," "could,"
"can," "would," "develop," "plan," "potential," "predict,"
"forecast," "project," "intend," "look forward to," "remain
confident" or the negative of these terms, and similar expressions,
or statements regarding intent, belief, or current expectations,
are forward looking statements. There can be no assurance that:
Rockwell Medical will be able to achieve revenue projections,
planned cost savings to operate its concentrates business
profitability or achieve the other components of its strategy; or
the in-center hemodialysis concentrates market will increase in
size or that Rockwell Medical will be able to access the expected
market opportunity. While Rockwell Medical believes these
forward-looking statements are reasonable, undue reliance should
not be placed on any such forward-looking statements, which are
based on information available to us on the date of this release.
These forward-looking statements are based upon current estimates
and assumptions and are subject to various risks and uncertainties
(including, without limitation, those set forth in Rockwell
Medical's SEC filings), many of which are beyond our control and
subject to change. Actual results could be materially different.
Risks and uncertainties include, but are not limited to those risks
more fully discussed in the "Risk Factors" section of our Annual
Report on Form 10-K for the year ended December 31, 2021, as such
description may be amended or updated in any future reports we file
with the SEC. Rockwell Medical expressly disclaims any obligation
to update our forward-looking statements, except as may be required
by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20221213005463/en/
Heather R. Hunter SVP, Chief Corporate Affairs Officer (248)
432-1362 IR@RockwellMed.com
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