Investment Case

Paxman is the world leader in scalp cooling technology and a pioneer in cryotherapy for chemotherapy side effect management. Our mission is to democratise access to scalp cooling globally, ensuring anyone who wants to scalp cool can, regardless of gender, ethnicity or financial situation.
Shares
Paxman company shares are available on the Nasdaq First North Growth Market in Sweden and were first listed in June 2017. In preparation for the listing, an oversubscribed share issue of approximately SEK 30,4 million was conducted.

A turnover of 154.5 (105.2) MSEK for January-September 2023 means Paxman is on track for its best performing year to date and with investment into US reimbursement for market expansion, there has never been a better time to choose a MedTech investment.
Purchase Paxman Shares  →
100k+
patients treated
5,000+
systems installed
65
countries worldwide
Financial strength
NET SALES (MSEK)
ADTR (TUSD)
RECURRING REVENUE (MSEK)
Key figures per quarter
Key figures per year
Learn more about Paxman at Redeye
Cancer incidence
The prevalence of cancer is growing globally. On average, one in two people will get cancer in their lifetime.
There were an estimated 20 million new cases of cancer globally in 2022, which is expected to rise to 32.6 million in 2045.

As awareness of the efficacy of scalp cooling and other means of chemotherapy side-effect management grows in both patient and clinician populations, so does the demand for the treatment.
Market growth
Paxman has experienced successful market growth in recent years placing the company in a strong financial position. A wealth of information on this can be found in our latest financial reports.
View latest reports →
Continued research and development

Research will continue into Paxman’s cryocompression technology to offer treatment for chemotherapy-induced peripheral neuropathy – a market of approximately 1.5 million patients at any one time.

Currently, there is not any known cure or prevention for peripheral neuropathy, a long term and debilitating side effect that causes financial burden not only on the individual, but the economy as a whole.

Paxman announced the launch of clinical trials in Singapore and the USA (with the SWOG Cancer Research Network) in its 2022 end of year report, using 100 Paxman Limb Cryocompression Systems, which can potentially provide further evidence in support of cryocompression methods.

Paxman believes strongly in diversity and inclusion and is currently supporting clinical trials into the efficacy of scalp cooling for people of colour. While there is significant anecdotal evidence to show that scalp cooling can be efficacious for black and brown patients, there is a woeful lack of research providing evidence and the adapted protocols around hair preparation and care that will make the treatment successful.

“A market of approximately 1.5 million patients
at any one time.”
A socially responsible investment

One in two people will unfortunately receive a cancer diagnosis in their lifetime, meaning everyone’s life will be impacted by it in some way, whether it’s themselves or someone they know. Paxman are driven to ensure that people aren’t having to face traumatic side effects traditionally associated with cancer treatment wherever possible. Chemotherapy hair loss isn’t inevitable anymore.

An investment in Paxman means an investment in improving the lives of hundreds of thousands of cancer patients across the world. Investment in Paxman’s medical devices contributes to reducing the traumatic side effects of chemotherapy in patients and improving healthcare outcomes.

Strong Leadership

Our senior leadership team are integral to Paxman’s success. Their wealth of experience and expertise combined with a commitment to excellence is what helps drive the business’s growth. Covering the core functions within the business – regulation, sales, production, marketing and finance, Paxman’s teams continue to confidently grow supported by strong leadership.

Learn more about the
Paxman Management team
Regulatory approvals
2000
Paxman obtains CE marking (MDD) and ISO 13485 certification
2011
Paxman obtains ANVISA (Brazil) approval for ORBIS.
Paxman obtains the MDL license for Canada
2015
Start of Japanese clinical trial for Shonin Approval
2017
Clearance granted by FDA in US for breast cancer only
2018
Clearance granted by FDA for all solid tumors
Paxman obtains COPEPRIS clearance to sell systems in MEXICO
Paxman obtains MDSAP (Medical device single audit programme) certification
Paxman obtains clearance in (HSA)Singapore and Malaysia
Paxman obtains ANVISA (Brazil) approval for PSCS
2019
Paxman obtains PMDA clearance in Japan
2022
Paxman obtains MOFS clearance in South Korea
2023
Paxman complete MDR transition
What we do
Paxman are world leaders in chemotherapy side effect management on an ambitious journey to change the face of cancer through cryotherapy-based treatments. The Paxman mission is to democratise access to scalp cooling globally.
Learn more →
Financial Information
Read the latest Paxman financial reports. In these comprehensive documents, you will find a detailed overview of our financial performance, key milestones, and a strategic outlook for the future. Reports are published quarterly and annually.
Read reports  →
Investing in Paxman
Paxman has treated 100,000+ patients and installed 5,000+ systems in more than 65 countries worldwide. We are helping to manage the trauma of chemotherapy hair loss. By investing in Paxman, you're not just supporting a company; you're joining us in changing the face of cancer.
Visit the Investor Centre →
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram