Business
Rockwell Medical Announces Global Expansion into the United Arab Emirates
WIXOM, Mich.--(BUSINESS WIRE)-- Rockwell Medical, Inc. (the "Company") (Nasdaq: RMTI), a healthcare company that develops, manufactures, commercializes, and
About this update from Rockwell Medical, Inc.
[{"type":"text","content":" WIXOM, Mich.--(BUSINESS WIRE)--\nRockwell 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 expanded its geographic footprint by entering a long-term supply agreement with Global Medical Supply Chain LLC to begin selling Rockwell's hemodialysis concentrates products into the United Arab Emirates.\n\n\nRockwell has a large and growing international business and currently sells its hemodialysis concentrates products in various countries throughout North America, South America, Asia and Africa. Specifically, this includes the Bahamas, Barbados, Belize, Bermuda, Botswana, Colombia, Ecuador, El Salvador, Ethiopia, Ghana, Guatemala, Honduras, Jamaica, Namibia, Nicaragua, Pakistan, Peru, Philippines, Puerto Rico, South Africa, Trinidad & Tobago, U.S. Virgin Islands, United States, Vietnam, and now the United Arab Emirates.\n\n\nRockwell's international business accounts for approximately 10% of the Company's total revenue. These international partnerships produce favorable economics and diversify the Company's revenue base.\n\n\n\"We are currently distributing our hemodialysis concentrates to 25 countries around the globe. Geographic expansion, domestically and internationally, is a major focus for Rockwell as we work to achieve profitability in 2024, generate $100 million in revenue annually in the next few years, and drive towards becoming the leading global supplier of hemodialysis concentrates,\" said Mark Strobeck, Ph.D., Rockwell Medical’s President and CEO. \"Our products have a positive impact on the lives of hemodialysis patients with end-stage kidney disease. We are proud that our global footprint is growing and that the impact of our hemodialysis portfolio continues to be realized by patients worldwide.\"\n\n\nAbout Rockwell Medical\n\n\nRockwell 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...