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OrganOx

Portable, automated organ perfusion for transplantation

Overview

OrganOx develops and commercializes organ perfusion technology, led by the OrganOx metra for normothermic machine perfusion of donor livers. The metra runs at 37°C, continuously pumps oxygenated blood, nutrients and medications through the liver for up to 24 hours, enabling functional assessment before transplantation. It differentiates itself by preserving and evaluating organs with normothermic perfusion rather than cold storage, improving preservation windows and reducing discarded organs, and it uses a global leasing model with disposable sets. Its goal is to increase the number of transplantable livers and expand perfusion technology to other organs and applications.

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About OrganOx

Simplify's Rating
Why OrganOx is rated
B
Rated B on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

Industrial & ManufacturingBiotechnologyHealthcare

Company Size

201-500

Company Stage

Acquired

Total Funding

$82.3M

Headquarters

Oxford, United Kingdom

Founded

2008

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What believers are saying

  • OrganOx opened new Oxford R&D and production headquarters in October 2026.
  • Naoya Iwata became CEO on June 1, 2026, sharpening Terumo-led commercialization.
  • FDA approval for air transport widened metra's usable geography and logistics flexibility.

What critics are saying

  • FDA still lists a Class II recall for metra battery retention failures.
  • TransMedics and other perfusion platforms pressure pricing and hospital standardization decisions.
  • If transplant centers adopt competing systems, OrganOx becomes a single-product acquisition asset.

What makes OrganOx unique

  • Terumo owns OrganOx, giving metra global distribution, manufacturing, and capital muscle.
  • NICE endorsed routine NHS funding for ex-situ machine perfusion on August 21, 2026.
  • The metra platform preserves livers physiologically, extending transplant timing and viability assessment.

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Funding

Total Funding

$82.3M

Below

Industry Average

Funded Over

9 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Disability Insurance
  • Health Savings Account/Flexible Spending Account
  • 401(k) Company Match
  • Paid Vacation
  • Paid Holidays
  • Wellness Program
  • Employee Discounts

Growth & Insights and Company News

6 month growth

3%

1 year growth

0%

2 year growth

6%
TXF
Aug 24th, 2026
Terumo gets ECA support for OrganOx acquisition.

Terumo gets ECA support for OrganOx acquisition. Manufacturing & equipment Asia-Pacific, Europe JBIC signed a JPY49 billion ($307.1 million) loan with Terumo to fund part of its acquisition of UK organ preservation device company OrganOx. The financing is being provided in co-financing with private financial institutions, bringing the total co-financing amount to JPY99 billion ($620.4... Exclusive subscriber content... Not yet a subscriber? Join TXF Limited today to continue accessing content without any restrictions Or to request access to TXF Intelligence contact TXF Limited

Medical Device Network
Jan 7th, 2026
Terumo announces US launch of safety syringe

Terumo announces US launch of safety syringe. The SafeR technology equips the SurTract Safety Syringe with a fully passive, automatic retraction mechanism. Terumo Medical has announced the launch of its SurTract Safety Syringe in the US, incorporating Roncadelle Operations' SafeR passive safety technology. The syringe will be distributed to clinics, emergency-care settings and hospitals across the country starting from the first quarter of this year. The SafeR technology equips the SurTract Safety Syringe with a fully passive, automatic retraction mechanism. This feature withdraws the needle into the plunger after use immediately, aiming to reduce needle-stick injury risks for healthcare professionals. The system also maintains standard clinical technique while enhancing safety and ease of use. The SurTract Safety Syringe also offers a needle selection that can be customised specifically for use with SurTract Syringes, enabling physicians to choose combinations best suited to patient needs. In addition, the syringe provides a blunt needle option, which helps prevent dullness and allows for needle replacement during aspiration. US tariffs are shifting - will you react or anticipate? Don't let policy changes catch you off guard. Stay proactive with real-time data and expert analysis. The design contributes to less medical waste by eliminating an external plastic safety sheath. Terumo vice-president Bob Klock said: "The SurTract Syringe combines Terumo's trusted clinical know-how with Roncadelle's validated SafeR technology to deliver a simple, effective solution for safer injections. It gives healthcare providers more - and better - treatment options for their patients, which is our ultimate goal." Roncadelle operations chief business development officer Dr Fred Metzmann said: "Terumo has significantly advanced injection safety with the integration of our SafeR technology. Together, we are delivering a next-generation syringe system that is intuitive, reliable, and engineered to protect healthcare professionals." The company's SafeR product line includes needle-guard systems and passive safety syringes designed for safe injection and protection in clinical environments. In October 2025, Terumo completed its previously announced acquisition of OrganOx for nearly $1.5bn after meeting all necessary regulatory and closing requirements.

MD+DI
Aug 28th, 2025
Medtech in a Minute: A Verily Big Decision & More

Terumo has agreed to acquire OrganOx for about $1.5B. OrganOx specializes in advanced Normothermic Machine Perfusion devices for organ preservation.

UK Tech News
Aug 26th, 2025
Japan's Terumo acquires Oxford health tech in $1.5bn deal

OrganOx, a University of Oxford spinout that has developed an automated device to preserve organs in transit, has been acquired by Tokyo-based medical manufacturer Terumo for $1.5bn (£1.1bn).

TechStartups
Aug 25th, 2025
Oxford spinout OrganOx acquired by Terumo for $1.5 billion, largest university spinout exit in UK history

From lab to $1.5B exit: Oxford spinout OrganOx acquired by Terumo.

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