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.

Significant Headcount Growth

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

$34.1M

Headquarters

Cambridge, Massachusetts

Founded

2010

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Simplify's Take

What believers are saying

  • June 2026 KidneyVault cases and 1,000th case show accelerating clinical adoption.
  • Nov. 2025 Distribution Fleet expands access across Florida, California, and national transplant centers.
  • 2026 CONCERT-DCD trial and LIVERguard data deepen evidence and broaden procedure coverage.

What critics are saying

  • Getinge owns Paragonix; missed 2024-2026 earnouts can trigger tighter oversight and budget cuts.
  • GUARDIAN data remains descriptive, not pre-specified, weakening reimbursement and hospital purchasing cases.
  • Competition from OrganOx, TransMedics, and LivaNova can compress pricing before 2028 integration gains.

What makes Paragonix Technologies unique

  • Only FDA-cleared, CE-marked preservation systems span all five major solid organs.
  • GUARDIAN registry supplies multicenter clinical evidence across heart, lung, liver, kidney, pancreas.
  • Getinge’s 2024 acquisition gives Paragonix global manufacturing, distribution, and capital backing.

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Funding

Total Funding

$34.1M

Below

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

Growth & Insights and Company News

Headcount

6 month growth

↑ 10%

1 year growth

↑ 10%

2 year growth

↑ 10%
Paragonix Technologies
Sep 16th, 2026
Paragonix Technologies Raises $24M in Series B Led by Signet Healthcare Partners | Paragonix

CAMBRIDGE, MASSACHUSETTS – March 7, 2023 – Paragonix Technologies, Inc., a leading organ transplant company, today announced that it has secured $24 million in Series B funding, led by Signet Healthcare Partners. This growth investment will bolster Paragonix Technologies’ commercial footprint, including its ongoing extension of clinical service offerings and inventory expansion, and will enable the Company to further advance transplant innovations.

Organ Donation Alliance
Jul 20th, 2026
CHEST Lung Donation Workshop to spotlight innovation, collaboration and opportunities to expand lung transplantation.

CHEST Lung Donation Workshop to spotlight innovation, collaboration and opportunities to expand lung transplantation. As lung transplantation continues to evolve through advances in donor management, preservation technologies, and donation after circulatory death (DCD), multidisciplinary collaboration has become increasingly essential to expanding access to lifesaving transplants. To help advance that collaboration, The Alliance, in partnership with the American College of Chest Physicians (CHEST), will present the CHEST Lung Donation Workshop on Monday, September 14, as a specialty pre-meeting preceding the 2026 National Critical Issues Forum in New Orleans. The meeting is sponsored by Paragonix Technologies. The half-day workshop will bring together pulmonologists, critical care physicians, transplant surgeons, organ procurement organization (OPO) professionals, transplant coordinators, and other donation and transplantation leaders for an interactive program focused on addressing some of the most significant clinical and operational challenges affecting lung donation today. "Lung donation continues to represent one of the greatest opportunities to improve access to transplantation, but realizing that potential requires close collaboration across disciplines," says Kevin Myer, President and CEO of LifeGift in Houston and a member of the planning committee for this workshop. "This workshop brings together experts from critical care, pulmonary medicine, transplantation, and organ donation to examine current evidence, discuss evolving practices, and identify practical strategies that can help more donor lungs reach patients waiting for a transplant." Rather than focusing solely on emerging research, the workshop is designed to encourage discussion among clinicians and donation professionals responsible for every stage of the donation process, from donor management through recipient acceptance. Participants will begin with a data-driven examination of the current state of lung donation before exploring evolving approaches to donor management during DCD recovery. Faculty representing cardiac recovery, lung transplantation, and critical care will provide complementary perspectives on managing potential lung donors while balancing the needs of multiple organ recovery teams. Additional sessions will examine advances in lung preservation technologies, recent and anticipated OPTN policy developments, and interactive case discussions that challenge participants to evaluate complex donor scenarios and discuss factors influencing lung acceptance decisions. The program concludes with a collaborative discussion highlighting key insights and opportunities to strengthen lung donation practices across the country. The workshop reflects a growing recognition that improving lung utilization depends not only on scientific and technological advances, but also on stronger communication and shared decision-making among the professionals responsible for donor evaluation, organ recovery, preservation, transportation, and transplantation. "Some of the most important advances in lung donation happen when professionals with different expertise come together to solve common challenges," says Dr. Deborah Levine, Professor of Medicine in the Division of Pulmonary, Critical Care and Allergy at Stanford University, and a member of the planning committee for this workshop. "Whether discussing donor management strategies, preservation technology, or complex acceptance decisions, these conversations help build the shared understanding that ultimately benefits transplant candidates nationwide." The CHEST Lung Donation Workshop is one of four specialty pre-meeting programs offered in advance of the 2026 National Critical Issues Forum. Together, these workshops provide immersive educational experiences that allow participants to explore critical issues in greater depth while fostering collaboration among professionals from across the donation and transplantation continuum. The CHEST Lung Donation Workshop, sponsored by Paragonix, will be held Monday, September 14, from 12:00 p.m. to 5:00 p.m. CT, immediately preceding the National Critical Issues Forum. Attendance is limited to registered National Critical Issues Forum attendees. Separate add-on registration is required, and space may be limited. Learn more and register here. Corey Bryant leads The Alliance's communications, marketing, and strategic efforts for unique national events, programming, partnerships, and business development. With extensive experience in corporate and non-profit sectors, Corey has held communications and public relations roles with Disney Parks and Resorts, Disney Cruise Line, and TransLife (now OurLegacy), the OPO supporting East Central Florida. He has been a member of the National Advisory Council for Donate Life America and has also contributed to the board of directors of Donate Life Florida, where he acted as state team leader for Driver License Outreach and DHSMV relations. Corey is a proud graduate of The University of Alabama and actively participates in several community-based non-profit organizations in Central Florida, including serving as a past Board President of Come Out With Pride Orlando.

Organ Donation 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.

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