KORU Medical Systems, Inc. (KRMD): History, Ownership, Mission, How It Works & Makes Money

In the realm of medical technology, is KORU Medical Systems, Inc. (KRMD) a name you should know? This company stands out as a developer and manufacturer of innovative infusion solutions, and with a **$105 million** market cap as of April 10, 2025, and **$33.6 million** in revenue for 2024, it's making significant strides in the industry. Curious to learn about KORU Medical's journey, its mission, and how it's making waves in the healthcare sector? Keep reading to discover the ins and outs of this innovative company.

KORU Medical Systems, Inc. (KRMD) History

KORU Medical Systems, Inc. Founding Timeline

Year established

The company that would become KORU Medical Systems, Inc. was initially established in 1984.

Original location

The original location of the company was in New York.

Founding team members

The company was founded by individuals who recognized a need for improved medical infusion solutions.

Initial capital/funding

Details on the initial capital and funding for the company's establishment are not readily available.

KORU Medical Systems, Inc. Evolution Milestones

KORU Medical Systems, Inc. Transformative Moments

• Strategic Acquisition by RMS Medical Products (2010): This acquisition provided the company with the financial backing and industry expertise needed to expand its product line and market presence.
• Rebranding to KORU Medical Systems (2018): The rebranding marked a significant shift in the company's identity and strategy, signaling a renewed focus on patient-centric solutions and innovation.
• FDA Clearance for FREEDOM60® (2021): Obtaining FDA clearance for the FREEDOM60® Syringe Infusion System was a pivotal moment, enabling the company to introduce a cutting-edge product to the market and address the evolving needs of patients requiring infusion therapy.
• Focus on Subcutaneous Infusion: KORU Medical has strategically focused on the subcutaneous infusion market, particularly for在immunoglobulin therapy. This specialization allows them to cater to a specific patient population with unique needs.

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KORU Medical Systems, Inc. (KRMD) Ownership Structure

The ownership structure of KORU Medical Systems, Inc. reflects a mix of institutional, insider, and retail investors, all influencing the company's strategic direction and market performance.

KORU Medical Systems, Inc.'s Current Status

KORU Medical Systems, Inc. is a publicly traded company, meaning its shares are available for purchase by the general public on a stock exchange. As a publicly traded entity, KORU Medical Systems is subject to regulations and reporting requirements, providing a level of transparency to investors. You can find more insights in this article: Exploring KORU Medical Systems, Inc. (KRMD) Investor Profile: Who’s Buying and Why?

KORU Medical Systems, Inc.'s Ownership Breakdown

The following table provides an overview of the ownership distribution of KORU Medical Systems, Inc., showcasing the percentages held by various shareholder types.

KORU Medical Systems, Inc.'s Leadership

The leadership team at KORU Medical Systems, Inc. is responsible for setting the strategic direction of the company and overseeing its operations. Here are some of the key members:

• Linda Tharby: President and Chief Executive Officer
• Robert Hopkins: Chief Financial Officer

KORU Medical Systems, Inc. (KRMD) Mission and Values

KORU Medical Systems is dedicated to developing and improving innovative solutions for patients. The company's core values are centered around improving patients' lives through reliable and easy-to-use medical technology.

KORU Medical Systems, Inc.'s Core Purpose

Official mission statement

KORU Medical Systems, Inc. does not explicitly state its mission statement on its website or in its official documents. However, information from its latest investor profile indicates the company focuses on:

• Developing, manufacturing, and commercializing innovative and easy-to-use specialty infusion solutions.
• Improving the lives of patients.

Vision statement

While a specific vision statement isn't formally declared, KORU Medical Systems aims to be a leader in the infusion solutions market. This is achieved by:

• Expanding access to its FREEDOM System.
• Focusing on patient-centric designs.
• Driving growth through innovation and strategic partnerships.

Company slogan/tagline

KORU Medical Systems does not have a widely publicized official slogan or tagline. However, their emphasis on patient comfort and ease of use is a recurring theme in their communications, suggesting an informal tagline could be centered around these aspects.

To gain more insights into the ownership and investor landscape of KORU Medical Systems, explore this detailed analysis: Exploring KORU Medical Systems, Inc. (KRMD) Investor Profile: Who’s Buying and Why?

KORU Medical Systems, Inc. (KRMD) How It Works

KORU Medical Systems develops, manufactures, and commercializes innovative and easy-to-use specialty infusion solutions that improve the lives of patients around the world.

KORU Medical Systems, Inc.'s Product/Service Portfolio

KORU Medical Systems, Inc.'s Operational Framework

KORU Medical Systems operates with a focus on providing solutions for patients requiring infusion therapy, particularly in subcutaneous drug delivery. Their operational framework includes:

• Product Development and Manufacturing: KORU Medical focuses on designing and manufacturing user-friendly infusion systems and related products.
• Quality Assurance: Ensuring products meet stringent quality standards and regulatory requirements.
• Distribution and Sales: Products are sold through a network of distributors, direct sales force, and partnerships with pharmaceutical companies.
• Patient Support and Education: Providing resources and support to patients and healthcare providers to ensure proper use of their products.

KORU Medical Systems, Inc.'s Strategic Advantages

KORU Medical Systems, Inc. possesses several strategic advantages that enable its success in the market:

• Focus on Subcutaneous Infusion: Specialization in this niche allows them to develop expertise and tailored solutions.
• Patient-Centric Design: Emphasis on creating user-friendly and ambulatory devices enhances patient compliance and quality of life.
• Strong Distribution Network: Leveraging partnerships and direct sales to expand market reach.
• Innovation: Continuously improving and expanding their product line to meet evolving patient needs.

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KORU Medical Systems, Inc. (KRMD) How It Makes Money

KORU Medical Systems primarily generates revenue through the development, manufacture, and commercialization of innovative and easy-to-use specialty infusion solutions, catering to both home and hospital settings.

Revenue Breakdown

As the company has not released a detailed breakdown of revenue streams as percentages of the total, an accurate table cannot be provided. For comprehensive details, readers are encouraged to consult the company's official financial statements.

Business Economics

The economic model of KORU Medical Systems is underpinned by several key factors:

• Product Innovation: Investment in research and development to create proprietary infusion solutions.
• Market Focus: Targeting niche markets within infusion therapy, such as subcutaneous immunoglobulin infusions.
• Distribution Network: Utilizing a mix of direct sales and partnerships to reach patients and healthcare providers.
• Customer Support: Providing training and support to ensure proper use of their products, fostering customer loyalty.

These elements collectively aim to establish a sustainable business by meeting specific medical needs with user-friendly technology.

Financial Performance

Analyzing the financial performance involves looking at key indicators that reflect the company's operational efficiency and profitability:

• Revenue Growth: Assessing the increase in sales year-over-year, which indicates market acceptance and sales effectiveness.
• Gross Margin: Monitoring the percentage of revenue exceeding the cost of goods sold, reflecting production efficiency and pricing strategy.
• Operating Expenses: Keeping track of selling, general, and administrative costs to gauge operational efficiency.
• Net Income/Loss: Evaluating the bottom line to understand overall profitability and financial sustainability.

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KORU Medical Systems, Inc. (KRMD) Market Position & Future Outlook

As of April 2025, KORU Medical Systems is navigating a dynamic market landscape, focusing on strategic initiatives to enhance its position and capitalize on emerging opportunities within the specialty infusion market. The company's future outlook is tied to its ability to innovate, expand its product offerings, and effectively manage potential risks.

Competitive Landscape

Opportunities & Challenges

Industry Position

KORU Medical Systems holds a significant position within the specialty infusion market, particularly known for its innovative FREEDOM Syringe Infusion System. The company's standing is characterized by:

• Niche Focus: Specialization in subcutaneous infusion, catering to patients requiring specific therapies like immunoglobulin therapy.
• Technological Edge: Emphasis on developing user-friendly, portable, and ambulatory infusion devices.
• Growth Potential: Opportunities to expand market share through strategic collaborations, product innovation, and geographic expansion.

For more insights into the company's guiding principles, explore: Mission Statement, Vision, & Core Values of KORU Medical Systems, Inc. (KRMD).