Paragonix Technologies announced today that it opened its new corporate headquarters in Waltham, Massachusetts.
The organ transplant tech company says its expansion reflects continued growth and its commitment to serving clinicians and patients worldwide. Paragonix’s facility features state-of-the-art R&D laboratories and collaborative spaces. It aims to foster innovation and teamwork across departments in the evolving field of organ transplantation.
According to a news release, the 34,000-square-foot center serves as a consolidated hub of Paragonix’s diverse operations. The company highlighted its location in what it called “the vibrant technology corridor” of Greater Boston. Moving headquarters comes during a phase of accelerated growth for Paragonix, too.
The company said it designed the facility’s capacity to meet escalating customer demand and accommodate future expansion. Paragonix also plans to continue to grow its own team in the meantime. Dr. Lisa Anderson, Paragonix CEO and co-founder, called the company’s evolution “remarkable.”
“Today, we are thrilled to inaugurate our first major U.S. headquarters, a significant step forward in continuing our pioneering research and development efforts in transplant products and services,” Anderson said. “The facility will act as a hub for all contributors to our mission, enabling us to redefine standards of care and offer unparalleled support to the organ transplant community.”
Paragonix’s expansion follows FDA clearance of its BAROguard donor lung preservation system in August. That marked the fourth FDA clearance for the company. It plans for the new headquarters to accommodate support teams as it grows its pipeline of next-generation devices, too.
“The new headquarters will enable us to cater efficiently to the growing needs of our business and escalating demands of our clients,” said Garrett Riddle, SVP of operations at Paragonix. “We are proud to facilitate this essential expansion, allowing Paragonix to develop innovative transplant solutions in a unified, dynamic environment.”
