Business
Rockwell Medical Begins Selling its Hemodialysis Concentrates Products to New Clinics in Minnesota with its Largest Customer
WIXOM, Mich.--(BUSINESS WIRE)-- Rockwell Medical, Inc. (“Rockwell” or the “Company”) (Nasdaq: RMTI), a commercial healthcare company focused on providing
About this update from Rockwell Medical, Inc.
[{"type":"text","content":" WIXOM, Mich.--(BUSINESS WIRE)--\nRockwell 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.\n\n“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.”\n\nRockwell 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.\n\nAbout Rockwell Medical\n\nRockwell 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 th...