Paragonix Technologies

Paragonix Technologies

Sells organ transport systems for transplantation

Overview

Paragonix Technologies develops medical devices that preserve donor organs during transport. Its core products—the Cardiac Transport System, Kidney Transport System, and Pancreas Transport System—provide sterile, temperature-controlled and pressure-controlled environments to keep organs viable while moving from donor to recipient. The devices work by creating a protected, standardized shipping environment and are used by hospitals and transplant centers via direct sales and service contracts. What sets Paragonix apart is its focus on organ transport with formalized clinical effectiveness data through the GUARDIAN registry, enabling ongoing product improvement and evidence collection. The company's goal is to improve transplant outcomes by safely preserving organs during transit and expanding access to reliable organ transport globally.

About Paragonix Technologies

Simplify's Rating
Why Paragonix Technologies is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Healthcare

Company Size

51-200

Company Stage

Acquired

Total Funding

$287.1M

Headquarters

Cambridge, Massachusetts

Founded

2010

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Simplify's Take

What believers are saying

  • Nationwide fleet launched in Florida and California boosts access.
  • EU MDR approval for five devices expands European market.
  • Getinge's $477M acquisition unlocks global distribution network.

What critics are saying

  • OrganOx normothermic systems erode liver market share within 6-12 months.
  • XVIVO Steeno undercuts thoracic organ pricing in 3-6 months.
  • TransMedics OCS obsoletes cardiac tech, collapsing revenue in 24-36 months.

What makes Paragonix Technologies unique

  • Only company offering FDA-cleared devices for all five major solid organs.
  • BAROguard provides first active airway pressure control for lungs.
  • KidneyVault enables world's first-in-human perfused kidney transport.

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Funding

Total Funding

$287.1M

Above

Industry Average

Funded Over

6 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

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Paid Holidays

Flexible Work Hours

Remote Work Options

Hybrid Work Options

Health Savings Account/Flexible Spending Account

Wellness Program

Mental Health Support

Conference Attendance Budget

Professional Development Budget

Stock Options

Company Equity

Phone/Internet Stipend

Home Office Stipend

Family Planning Benefits

Fertility Treatment Support

Childcare Support

Parental Leave

Adoption Assistance

Employee Discounts

Meal Benefits

Relocation Assistance

Tuition Reimbursement

Professional Certification Support

Mentorship Program

Gym Membership

Commuter Benefits

Pet Insurance

Bereavement Leave

Meal Benefits

Tracking

Company News

The Organ Donation and Transplantation Alliance
Nov 13th, 2025
Paragonix Technologies Expands Access to Organ Transplants with Nationwide Clinical & Product Distribution Fleet

Paragonix Technologies expands access to organ transplants with nationwide clinical & product Distribution Fleet. Paragonix Technologies launches product supply and clinical support initiative to enable access to technology to support the preservation of donor organs nationwide Paragonix Technologies, a pioneer in organ transplant technologies and organ procurement services, recently announced the launch of a first-of-its-kind supply chain initiative featuring a dedicated Paragonix Distribution Fleet. This nationwide program is designed to ensure that hospitals, transplant centers, and organ procurement organizations (OPOs) have consistent and timely access to Paragonix's full portfolio of organ preservation technologies and clinical support. The first Paragonix fleet vehicles will launch in Florida and California, serving transplant programs across those regions. This expansion marks a significant step forward in Paragonix's mission to improve access to life-saving organ preservation technologies and support thousands of patients awaiting transplant nationwide. "This national initiative represents our ongoing commitment to improving access to life-saving organ preservation technologies," said Dr. Lisa Anderson, President of Paragonix Technologies. "With the launch of our national fleet, our customers now have unprecedented access to organ preservation products, surgical and donor organ coordination services, air and ground logistics, as well as on demand clinical support. The goal is to provide our partners with a comprehensive, single-source solution that enables them to protect every organ and support every patient awaiting a second chance at life." As the only company to offer innovative, FDA-cleared, and CE-marked organ preservation technologies across all five major solid organs, Paragonix provides technologies that protect donor organs and continuously monitor preservation conditions in real time. Leveraging advanced hypothermic preservation methods aligned with institutional guidelines and multi-year clinical data, Paragonix has supported over 18,000 transplant cases since introducing the SherpaPak Cardiac Transport System in 2018. Today, Paragonix devices are in use at more than 260 transplant centers nationwide, representing over 80% of the centers in the US. "Our rapid growth has led to increased demand for our technologies throughout the country. The fleet initiative is just one of the avenues we are pursuing to get life-saving products and services into the hands of medical professionals in the most efficient way possible," said Garrett Riddle, Chief Operating Officer of Paragonix Technologies. Sponsored content. Paragonix Technologies is a 2025 Advocate Level Corporate Partner of The Alliance.

Business Wire
Jul 28th, 2025
Paragonix to Spotlight Breakthrough Research in Solid Organ Transplantation at the 2025 World Transplant Congress

Paragonix to spotlight breakthrough research in solid organ transplantation at the 2025 World Transplant Congress.

Business Wire
Apr 2nd, 2025
Paragonix to Showcase Extensive Organ Transplant Research at the 45th Annual Meeting of the International Society of Heart and Lung Transplantation

Paragonix to showcase extensive organ transplant research at the 45th Annual Meeting of the international society of heart and lung transplantation.

PR Newswire
Mar 28th, 2025
Medi-Ops And Southwest Transplant Alliance Successfully Complete One Of The First Commercial On-Board Courier Flights With Paragonix Kidneyvault

Innovative Collaboration Enables Long-Distance Organ Transports, Expanding Access to Life-Saving Kidney TransplantsDALLAS, March 27, 2025 /PRNewswire/ -- Medi-Ops, a technology-enabled medical logistics organization, and Southwest Transplant Alliance (STA), an organization committed to the advancement of transplant services, are proud to announce the successful completion of one of the first-ever commercial on-board courier flights utilizing the Paragonix KidneyVault. This pioneering achievement marks a new era in organ transportation, providing unprecedented opportunities for kidney transplant patients and medical professionals alike

Yahoo Finance
Mar 18th, 2025
Paragonix Technologies Named To Fast Company'S Annual List Of The World'S Most Innovative Companies Of 2025

Organ preservation company recognized for its innovations advancing the transplantation industry, ranking #6 in the healthcare category WALTHAM, Mass., March 18, 2025--(BUSINESS WIRE)--Paragonix Technologies, a leader in organ transplant technologies and organ procurement services, has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies of 2025. This year’s list shines a spotlight on businesses that are shaping industry and culture through their innovations to set new standards and achieve remarkable milestones. Alongside the World’s 50 Most Innovative Companies, Fast Company recognizes 609 organizations across 58 sectors and regions. To determine honorees, Fast Company’s editors and writers review companies driving progress around the world and across industries, evaluating thousands of submissions through a competitive application process. The result is a globe-spanning guide to innovation today, from early-stage startups to some of the most valuable companies in the world. "Our list of the Most Innovative Companies offers both a comprehensive look at innovation today and a playbook for the future," said Fast Company editor-in-chief Brendan Vaughan

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