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NxStage Medical Announces Needle Supply
Agreement with DaVita
LAWRENCE, Mass., Jan. 7 /PRNewswire-FirstCall/ -- NxStage
Medical, Inc. (Nasdaq: NXTM), a leading manufacturer of
innovative dialysis products, today announced that it has signed
a five-year agreement with DaVita, Inc. (NYSE: DVA) to continue
to supply DaVita's dialysis centers with MasterGuard and
ButtonHole safety needle sets, subject to certain terms and
conditions. Safety needles are essential products used to access
patients' blood during the vast majority of chronic dialysis
therapy treatments. MasterGuard is the leading product in this
market, and became part of NxStage's product portfolio through
the recent acquisition of Medisystems.
DaVita and its predecessors have a long, successful history with
Medisystems brand needles.
"We are very pleased to continue our long-standing relationship
as DaVita's primary needle supplier," said Jeffrey H. Burbank,
President & CEO of NxStage Medical. "Medisystems' high quality,
innovative products was one of the key reasons we acquired the
company last year. This new agreement with DaVita solidifies
NxStage's position as a dialysis industry leader in-center, as
well as in the critical care and home hemodialysis markets."
About NxStage Medical
NxStage Medical, Inc. (Nasdaq: NXTM) is a medical device
company, headquartered in Lawrence, Massachusetts, USA, that
develops, manufactures and markets innovative products for the
treatment of end-stage renal disease, or ESRD, and acute kidney
failure. For more information on NxStage and its products,
please visit the Company's website at
http://www.nxstage.com.
Forward-Looking Statements
This release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
All statements contained in this release that are not clearly
historical in nature are forward-looking, and the words
"anticipate," "believe," "expect," "estimate," "plan," and
similar expressions are generally intended to identify
forward-looking statements. Actual results may differ materially
from those indicated by these forward-looking statements as a
result of various important factors including, but not limited
to, changes relating to customer demand for NxStage's needle and
other products and other factors that are discussed in NxStage's
filings with the Securities and Exchange Commission, including
the Quarterly Report on Form 10-Q for the quarter ended
September 30, 2007. NxStage is under no obligation to (and
expressly disclaims any such obligation to) update or alter its
forward-looking statements, whether as a result of new
information, future events or otherwise.
Contact
Stephanie Marks of NxStage Medical, Inc.,
1-888-698-6472, ir@nxstage.com
Web site:
http://www.nxstage.com
Source
NxStage Medical, Inc.
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