Exhibit 99.1

 

 

Contact:

Laurence P. Birch

Senior Vice President and Chief Financial Officer

(847) 229-2222

 

Aksys® Reports Third Quarter 2005 Results

 

Lincolnshire, IL – November 1, 2005

— Aksys, Ltd. (NASDAQ: AKSY), a pioneer in innovative dialysis systems, today reported results for the third quarter ended September 30, 2005.

 

Third Quarter Highlights

 

                  Revenues for the third quarter of 2005 were $822,000. The Company’s net loss for the third quarter of 2005 was $7.0 million or $0.23 per share.

 

                  Aksys signed three new partnership agreements during the quarter.

 

                  At quarter end, 163 patients were being treated on PHD® Systems.

 

“Every month, we are training more clinics and introducing new patients to the PHD Program,” said Bill Dow, President and CEO of Aksys, Ltd. “In an effort to further increase awareness of daily home hemodialysis and the PHD System, Aksys led a number of educational initiatives during the third quarter, which drew participation across the range of stakeholders in the renal industry.”

 

These programs included:

 

                  An Aksys-sponsored series of regional clinical meetings for physicians — those who have programs and those who are considering launching a program in the near future.

 

                  The Aksys Continuing Education Program for nephrology social workers across the country.

 

                  ESRD Surveyor Training Clinic where Aksys conducts in-depth education for new state surveyors to familiarize them with proprietary capabilities of the PHD System.

 

                  The launch of regional ESRD Town Hall Meetings in key cities around the country. These meetings are conducted in a large venue where we invite a wide range of healthcare professionals and patients to hear an expert panel discuss the benefits and issues of daily home hemodialysis as a preferred alternate therapy to conventional thrice-weekly hemodialysis in the dialysis clinic setting.

 

“The meetings have also allowed Aksys to share the results of a Company-sponsored national patient survey and a new white paper on the economic impact of kidney disease by Northwestern University healthcare economist David Dranove,” continued Mr. Dow. “Both papers contain relevant and timely information that

 


The following information was filed by Aksys Ltd (AKSY) on Tuesday, November 1, 2005 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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