Equashield, a leading provider of Closed System Transfer Devices (CSTDs) for safe and simple handling of hazardous drugs, today announced a more than doubling of year-over-year revenue.
Equashield reported a 106% increase in sales, with the upward financial growth capping off a twelve-month period of rapid expansion for the CSTD manufacturer.
Propelled by explosive penetration within the last 12 months into new global markets - throughout North America, Europe, Asia and Oceania - this momentum was marked by a 208% increase in sales to Equashield customers outside of the United States.
The technological innovations integrated in the EQUASHIELD® closed system - subsequently setting a new standard for safe, easy-to-use CSTDs - facilitated the establishment of new strategic partnerships with global distributors for the medical device producer.
"We are deeply appreciative that healthcare facilities throughout the world are increasingly choosing Equashield's Closed System Transfer Device over alternative products," said Marino Kriheli, Co-Founder of Equashield. "We are proud to offer a vital CSTD product to a market that is progressively recognizing the importance of providing an unparalleled level of protection to pharmacists and other healthcare professionals who work with hazardous medications. Introducing the second generation of EQUASHIELD® during a period of sharp sales growth resulted in supply challenges that needed to be successfully addressed. Equashield expanded production facilities and automated lines throughout the past year, which will allow for scalable future growth."