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Sirtex Medical

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Sirtex Medical - Healthcare showcase

Year Founded & Workforce

1997

261 Employees

Industry

Healthcare

Services

Microspheres
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Sirtex Medical Overview

Company Headquarters: Massachusetts, US

Founded: 1997

Workforce: >261

Company Working: Sirtex Medical is a global healthcare company with offices in the US, Australia, Germany, and Singapore. The company has manufacturing facilities in the US and Germany. As of June 2018, Sirtex Medical Systems operates as a subsidiary of CDH Investments (China). The company’s lead product is a targeted radiation therapy for liver cancer called SIR-Spheres Y-90 resin microspheres. More than 100,000 doses have been supplied to treat patients with liver cancer at more than 1,300 medical centers in over 50 countries. SIR-Spheres Y-90 resin microspheres are approved for the treatment of inoperable liver tumors in Australia, the European Union, Argentina, Brazil, Canada and several countries in Asia, such as India and Singapore.

Strategy

Sirtex Medical aims to develop high-quality and cost-effective products to strengthen its market position in the embolization particle market. It focuses on tapping major markets such as the US, and European countries to increase its market share in the global market. Additionally, the company also focuses on strategic collaborations with academic and government institutions.

Company Snapshot

$232.4M

Revenue

261

Employees

1997

Founded

Massachusetts, US

Headquarters

SWOT Analysis

Strengths

  • Innovative products
  • Strong customer base
  • Strong know-how in the embolization particle field

Weaknesses

  • Negative results from clinical trials
  • Limited revenue generation from emerging markets
  • Low research and development expenditure in 2018

Opportunities

  • Strategic initiatives
  • Expansion of product lines

Threats

  • Economic impact of political conditions
  • Intense competition may erode the company's market share

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Product Offering

  • Sirtex Medical
    • Microspheres

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales fell from USD 232.4 Mn in 2016 to USD 218.7 Mn in 2018.
Sirtex Medical — By Business Segment
Series (USD Mn)201620172018
Sales232.4234.2218.7
R&D Expenditure10.810.62.2

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