Rockwell Medical Enters into Multi-Million Dollar Distribution Agreement with Nipro Medical Corporation
03 9월 2024 - 7:00PM
Business Wire
Rockwell Medical, Inc. (the "Company") (Nasdaq: RMTI), a
healthcare company that develops, manufactures, commercializes, and
distributes a portfolio of hemodialysis products to dialysis
providers worldwide, today announced that the Company executed a
distribution agreement with Nipro Medical Corporation ("Nipro"), as
part of Nipro Corporation Japan, a leader in the global healthcare
and medical device industry.
Under the terms of the agreement, Rockwell Medical will supply
Nipro with the Company's liquid and dry acid and bicarbonate
hemodialysis concentrates, as well as its dry acid concentrates
mixer, for which Nipro has the right to distribute the Company's
products globally, excluding the United States. The agreement will
remain in effect for two years with the option to extend the
agreement for an additional one-year period and includes product
purchasing minimums of $5.0 million for the first year and
incremental increases each subsequent year.
"Nipro is globally renowned for its high-quality medical devices
and healthcare solutions specifically in the renal and
cardiovascular therapeutic areas," said Mark Strobeck, Ph.D.,
President and CEO at Rockwell Medical. "There continues to be
increasing market demand for our hemodialysis portfolio of
products. We are excited by the opportunity this partnership
continues to offer Rockwell Medical and the patients who will be
positively impacted by our hemodialysis concentrates
worldwide."
“Rockwell Medical has been a longtime partner, and we are
pleased to be able to extend our relationship with them and in
turn, expand accessibility to their products for dialysis patients
around the world," said Manny Zapata, Renal Division Manager Latin
America, Nipro Medical Corporation. "As we've stated previously, we
continue to see continued growth in the number of patients
undergoing hemodialysis treatments and are happy to partner with
Rockwell Medical to support these patients with its high-quality
life sustaining renal products."
About Rockwell Medical
Rockwell Medical, Inc. (Nasdaq: RMTI) is a healthcare company
that develops, manufactures, commercializes, and distributes a
portfolio of hemodialysis products for dialysis providers
worldwide. Rockwell Medical's mission is to provide dialysis
clinics and the patients they serve with the highest quality
products supported by the best customer service in the industry.
Rockwell is focused on innovative, long-term growth strategies that
enhance its products, its processes, and its people, enabling the
Company to deliver exceptional value to the healthcare system and
provide a positive impact on the lives of hemodialysis patients.
Hemodialysis is the most common form of end-stage kidney disease
treatment and is typically performed at freestanding outpatient
dialysis centers, hospital-based outpatient centers, skilled
nursing facilities, or in a patient’s home. Rockwell Medical's
products are vital to vulnerable patients with end-stage kidney
disease, and the Company is relentless in providing unmatched
reliability and customer service. Rockwell Medical is the second
largest supplier of acid and bicarbonate concentrates for dialysis
patients in the United States and has the vision of becoming the
leading global supplier of hemodialysis concentrates. Certified as
a Great Place to Work® in 2023 and 2024, Rockwell Medical is Driven
to Deliver Life-Sustaining Dialysis SolutionsTM. 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," “are determined,” “are on track,” “are resolute in our
vision,” 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 become the leading global supplier of
hemodialysis concentrates. 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, 2023, 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/20240903263284/en/
Heather R. Hunter SVP, Chief Corporate Affairs Officer (248)
432-1362 IR@RockwellMed.com
Rockwell Medical (NASDAQ:RMTI)
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Rockwell Medical (NASDAQ:RMTI)
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