CytoSorbents Corporation (CTSO)

[raptorjockey]

Techxen, When our filter was originally priced, I believe it was about 500 per unit, US. Now, apparently as I understand the terms of this contract, Cytosorbents will receive $1000 per unit, minus any discounts afforded Aferetica, Aferetica will also receive $600 per unit from the hospital and topping it off, the hospital will be charged a 22% VAT payment to the government of Italy. This adds up to 1952 Euros, and at todays exchange rate that equals $2205.76 USD. Add to that the charge for the tubing to connect the patient to the pumping equipment, the pump and monitors necessary to move the blood thru the filter plus the technician to set it up and monitor the operation, I wouldn't be surprised if the actual cost to the patient doesn't exceed 4500-5000 per filter. Now I am beginning to understand why the filter is a bit slow to be adopted, especially if this is an average pricing of the cost of goods to the end users. Is the filter a good thing for the patient? Absolutely, but in most cases they are not the one who is footing the bill. The actual numbers have never been discussed. It would be interesting to see a break down of the true cost of a treatment with our filter. A very informative bit of information, Thank you, Techxen.