NxStage
| Company type | Division |
|---|---|
| Industry | Medical devices |
| Founded | December 1998 |
| Founder | C. David Finch, Jr., Jeffrey H. Burbank |
| Headquarters | Lawrence, Massachusetts , United States |
Area served | Worldwide |
| Products | System One (hemodialysis machine) |
| Parent | Fresenius Medical Care |
NxStage Medical, Inc. () is an American enterprise focused on designing, producing, and distributing devices for managing chronic kidney disease, acute kidney injury, and hypervolemia. It functions as a division of Fresenius Medical Care. The company's primary offering is System One, a compact hemodialysis machine.[1]
History
Established in December 1998 by C. David Finch, Jr., MD, alongside Jeffrey H. Burbank, NxStage introduced System One in 2003 with an emphasis on the critical care sector. The device gained Food and Drug Administration approval for home hemodialysis use in June 2005.
The firm became publicly traded through an initial public offering in October 2005. Soon after, it was honored with the Nixon Peabody/Smith&Nephew Medical Device Innovation Award in the Start-Up category from the Massachusetts Medical Device Industry Council.
In December 2014, NxStage received FDA authorization for overnight home usage of System One. The company further broadened its reach by obtaining FDA clearance in August 2017 to enable solo home hemodialysis during daytime hours without requiring a care partner.
In February 2019, Fresenius Medical Care acquired NxStage for $2 billion, incorporating its portable dialysis solutions into Fresenius's extensive renal care offerings.
External links
- ↑ Cite error: Invalid
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- American companies established in 1998
- Health care companies established in 1998
- Health care companies based in Massachusetts
- 1998 establishments in Massachusetts
- 2005 initial public offerings
- 2019 mergers and acquisitions
- Companies based in Lawrence, Massachusetts
- Companies formerly listed on the Nasdaq
- Medical device manufacturers
- Medical technology companies of the United States
- American subsidiaries of foreign companies