NxStage Medical Reports Third Quarter 20...(s the beginning of a newera for NxStage....),Health

Date:11/2/2007

s the beginning of a new era for NxStage. It positions us to realize the significant opportunities that we see in the dialysis market -- critical care, clinic and home-based therapies. With our greatly expanded scale and manufacturing capabilities, we believe NxStage has the assets in place to become a leading player in the dialysis market."

NxStage reported a net loss of $16.1 million, or ($0.54) per share, for the third quarter of 2007, compared with a net loss of $9.6 million, or ($0.34) per share, for the third quarter of 2006. The increased net loss includes $2.3 million in charges related to the Company's voluntary recall of certain System One cartridges. The increased net loss also reflects increased sales and marketing and distribution expenses to support the Company's commercialization efforts. For the nine months ended September 30, 2007, net loss was $41.0 million, or ($1.38) per share, compared to $29.2 million, or ($1.23) per share, for the first nine months of 2006.

Cash, cash equivalents and short term investments as of September 30, 2007 were $32.9 million, compared to $53.0 million at the end of the second quarter of 2007.

Recent Highlights

On October 1, NxStage completed its acquisition of Medisystems Corporation and certain affiliated entities ("Medisystems") for 6.5 million shares of NxStage common stock. In addition to assembling the NxStage System One cartridge, Medisystems develops, manufactures and distributes disposables for clinic-based dialysis therapy. Medisystems is a U.S. market leader in hemodialysis blood tubing sets and A.V. fistula needles. For the first nine months of 2007, Medisystems recorded $49.5 million in revenues, including $6.7 million in sales to NxStage.

Guidance

NxStage expects revenue to be in the range of $27 million to $29 million for the fourth quarter, or $57 million to $59 million for the full year 2007, including Medisystems fourth quarter sales. The Company expects a net loss i
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SOURCE NxStage Medical, Inc. Copyright©2007 PR Newswire. All rights reserved

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