WILSONVILLE, Ore., July 24, 2017
RevMedx, Inc. announced today significant price reductions for its award-winning XSTAT 12 and XSTAT 30 hemostatic devices. The Food and Drug Administration recently granted 510(k) clearance for new versions of XSTAT that RevMedx developed with support from the U.S. Department of Defense. The new XSTAT devices contain design changes that decrease manufacturing costs and improve scalability while maintaining safety and efficacy. Effective immediately, the price of a single XSTAT 12 device is less than $100.
XSTAT 12 and 30 are prescription devices that work by injecting a group of small, rapidly-expanding sponges into a wound cavity using a syringe-like applicator. In a wound, the sponges rapidly expand and exert hemostatic pressure. Unlike traditional methods that may take several minutes to be effective, XSTAT can stop bleeding in seconds to stabilize injuries until patients reach an emergency facility. The XSTAT 12’s smaller applicator, approximately 12 mm in diameter, enables treatment of narrow-entrance wounds from small caliber ammunition and stabbings. Since its launch in 2014, there have been multiple successful uses of XSTAT devices in civilian and military pre-hospital settings.
“We are so pleased to make XSTAT more accessible to professional first responders,” says Andrew Barofsky, RevMedx’s CEO. “Our mission is to help more people survive potentially life-threatening injuries. Â XSTAT’s new pricing will drive greater adoption by making this groundbreaking technology more affordable for military and civilian pre-hospital providers.”
Early control of severe bleeding may prevent shock and may be life-saving. The United States Army Institute of Surgical Research reports that 30 to 40 percent of civilian deaths by traumatic injury are the result of hemorrhaging; of those deaths, 33 to 56 percent occur before the patient reaches an emergency care facility.
About RevMedx
Based in Wilsonville, Oregon, RevMedx is a privately held medical device company whose goal is to design, develop, and manufacture innovative medical products that save lives. Our product line includes XSTAT, XGAUZE, AIRWRAP, PARABELT, SHARKBITE Blast Injury Kits, and TX Series Ratcheting Tourniquets. Additional information about RevMedx and our products can be found at www.revmedx.com.
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SOURCE RevMedx, Inc.
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