24 January 2018 | News
Equashield Reports Surging Growth in Both U.S. And International Markets, 40 Percent Year-over-year Increase in Revenues
Equashield is a leading provider of Closed System Transfer Devices (CSTDs) for hazardous drugs.
The company discloses its 2017 growth results, including a 42 percent year-over-year increase in revenues.
In addition, the company projects a higher growth rate in 2018, driven in part by the company's newly introduced hazardous drug compounding robot.
Equashield's customer base continues to expand, with 60 percent of new customers transitioning away from competing systems to Equashield's CSTD, while 40 percent of customers are introducing CSTDs into their hazardous drug handling practice for the first time.
At the end of 2017, over 1,000 sites were using Equashield's closed system, including major hospital systems and NCI and NCCN facilities dedicated to cancer care.
Equashield also expanded into new markets internationally in 2017, including Singapore, Hong Kong, Greece, Portugal, Spain, Germany, and the United Kingdom.