- CEO
- Richard Paxman
- Full Time Employees
- 105
- Sector
- Healthcare
- Industry
- Medical - Devices
- Address
- Pirgatan 13 Karlshamn Sweden 374 35
- IPO Date
- Apr 23, 2019
- Business
- Paxman AB (publ) (Ticker: PXMBF) develops, manufactures, and commercializes scalp cooling technology to prevent hair loss (alopecia) in patients undergoing chemotherapy treatment for cancer. The company's core product is the Paxman Scalp Cooling System, a medical device featuring the Paxman Plus and Paxman Orbis models; these systems utilize advanced thermoelectric cooling technology to maintain scalp temperatures between 10-18°C during chemotherapy infusions, thereby reducing chemotherapy-induced alopecia by constricting blood vessels and minimizing drug delivery to hair follicles. Paxman offers related services including clinical training, device maintenance, and patient support programs; the systems are compatible with various chemotherapy regimens for breast, ovarian, colorectal, and other cancers, and are available for sale, rental, or lease to hospitals, oncology clinics, and cancer centers. Founded in 1998 and headquartered in Rotherham, United Kingdom, Paxman operates globally with sales and distribution in Europe, North America, Asia-Pacific, and other regions, targeting healthcare providers serving adult and pediatric cancer patients. In recent developments, Paxman strengthened its U.S. market presence through expanded partnerships with leading oncology networks and secured regulatory approvals for enhanced device features; the company also announced a strategic funding round in 2024 to support R&D for next-generation portable scalp cooling solutions and entered a distribution alliance in Asia, marking significant operational expansions within the last two years.