Aksys, Ltd.
Dialysis systems maker implements more focused strategy to reduce cash burn rate
Published in Lab Business Week, January 8th, 2006
This program will include several operational changes that are designed to significantly reduce the company's cash burn rate, and provide a more focused resource allocation.
Aksys, Ltd., president and CEO Bill Dow commented, "Over the last 3.5 years, Aksys' innovative home hemodialysis machine has provided ESRD patients with a treatment that improves health and quality of life." Dow continued, "However, as with other innovative products within the healthcare industry, adopting change is difficult in a space that is dependent on existing...
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Source: Lab Business Week (2006-01-08)
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