WARRENDALE, Pa., June 27 /PRNewswire/ -- Renal Solutions, Inc., the exclusive provider of advanced sorbent hemodialysis products and services for treatment of patients with renal failure, today announced the appointment of Donald W. Joseph to the company's Board of Directors.
Mr. Joseph joined Baxter International, Inc. in 1966 and served as Group Vice-President, Corporate Officer and CEO & President of Baxter's Global Renal Business. In this capacity, Mr. Joseph successfully led the strategic development, implementation and growth of the company to the position of global market leader of renal products and services, increasing revenues from $20M to $2.0B. Currently, Mr. Joseph is President & CEO of Sorbent Therapeutics, Inc., a company focused on solutions for patients with fluid balance deficiencies.
"Don brings a wealth of senior executive experience in the global renal arena," said Peter M. DeComo, Chairman and CEO of Renal Solutions. "We are very pleased that he will be applying his talents to the Renal Solutions Board of Directors. His successful track record with renal business growth and development makes him a valuable addition to the Board in preparation for the commercial launch of the Allient(R) Sorbent Hemodialysis System," DeComo added.
"I am delighted to assist the Renal Solutions team in making this important technology widely available to clinicians, payers and patients worldwide," Mr. Joseph stated.
The Allient System opens new treatment options to dialysis professionals and patients by virtue of its ability to provide short, standard or extended duration hemodialysis therapy using just 1 & 1/2 gallons of ordinary drinking water. Numerous clinical studies have shown that an increased cumulative dialysis dose results in better patient outcomes. The Allient System provides the increased dose advantage without the need for an independent water system or large volumes of sterile fluid. This translates into increased transportability, flexibility and ease of system use.
About Renal Solutions, Inc.
Renal Solutions, Inc. is the leader in innovative, sorbent-based hemodialysis solutions and services that maximize patient outcomes and quality of life. Renal Solutions provides the most convenient and flexible treatment options, resulting in high-quality therapy and outcomes for a virtually unlimited range of treatment environments. The Allient(R) Sorbent Hemodialysis System requires only 6 liters of tap water. This capability eliminates the need for complex technology to create purified water as is necessary with conventional dialysis technology. The Allient System is transportable and can be used anywhere conventional power and tap water can be accessed.
This press release contains forward-looking statements, which if not based on historical facts, involve risks and uncertainties. Our actual results may differ materially from the results or events stated in the forward-looking statements, including, but not limited to, certain events not within the Company's control. Events which could cause results to differ include failure to meet ongoing developmental and manufacturing timelines, changing GMP requirements, the need for additional capital requirements, risks associated with the FDA/regulatory approval process, adverse changes to reimbursement for the Company's products/services and delays with respect to market acceptance of new products/services and technologies. Other risks may be detailed from time to time but the Company does not attempt to revise or update its forward- looking statements even if future experience or changes make it evident that any projected events or results expressed or implied therein will not be realized.
Renal Solutions, Inc.
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