May 17, 2020

Merck KGaA is looking to sell its consumer healthcare business

pharmaceutical
pharmaceutical
Catherine Sturman
2 min
It has recently been announced that European healthcare company Merck KGaA is looking to sell its consumer healthcare operations, or look at alternative...

It has recently been announced that European healthcare company Merck KGaA is looking to sell its consumer healthcare operations, or look at alternatives in which to develop further partnerships to provide the potential for further growth opportunities.

It’s long history, established back in the 17th century has seen it become one of the most well renowned consumer healthcare businesses in the world. The announcement has seen Merck’s shares soar by up to six percent.

A potential sell would enable Merck to further support its ongoing research into the development of new and existing prescription drugs within its biopharma channels to ensure it remains competitive throughout its strategic operations. To do so, further financial investment remains essential.

The company’s consumer healthcare provides sales of approximately $1BN per annum, making a potential sell a lucrative prospect for competitors.

Related stories

However, Belén Garijo, Member of the Executive Board of Merck KGaA, Darmstadt, Germany and CEO Healthcare commented in a press release: “We have maintained a solid position in attractive markets, and demonstrated a pattern of profitable growth.

We expect increasing internal constraints to fund the business to reach the required scale. Fully anticipating this, we are preparing strategic options.”

Merck currently focuses on consumer-centric solutions driven by global megatrends and achieved net sales of €860 million in 2016, cementing its position in new and emerging markets. However, its liquid crystals business is in decline, leading the company to look at further methods in which to remain competitive.

Additionally, whilst the company is looking to sell its consumer healthcare business, it has also recently acquired healthcare company Rigontec. Merck will provide a cash agreement of €115MN to Rigontec’s shareholders, and make additional contingent payments of up to €349MN.

Share article

Jun 17, 2021

Dexcom: changing the lives of people with type 1 diabetes

diabetes
glucosemonitoring
type1diabetes
insulin
3 min
British actress Nina Wadia OBE tells us how her son's life has changed since using glucose monitoring system Dexcom

It is estimated that 9.3% of adults around the world are living with type 1 diabetes, which amounts to a total of 463 million people. A further 1.1 million children and adolescents under the age of 20 are living with the condition. 

Unlike the more prevalent type 2 diabetes, where the body still produces insulin and symptoms develop slowly, people with type 1 diabetes need regular insulin injections or pumps, and must monitor their sugar levels frequently. 

In recent years a number of remote glucose monitoring systems have become available that patients can use at home. These work with a sensor, usually placed under the skin, that measures glucose levels every few minutes. This information is then transmitted wirelessly to a device like a smartphone or tablet, which can then be shared with their clinician. 

British actress Nina Wadia's son Aidan, 14, has type 1 diabetes, and has been managing his condition using Dexcom, a glucose monitoring system used by patients all over the world. Here Wadia explains how Dexcom has improved their lives. 

As a parent of someone with type 1 diabetes, what is your day-to-day life like?
Being able to take a breath, think and pivot constantly without getting frustrated becomes an essential mindset because sometimes it feels like each day is determined to be different from the day before. Whatever worked yesterday is going to misfire today. 

Which areas of yours and Aidan’s life are most impacted by diabetes? 
The one thing that you have to fight hard to reclaim is spontaneity, especially when it comes to food and exercise. It’s only when this is taken do you realise how essential each one is. You can be flexible and there are no real limits, but only in the sense that a great athlete can be flexible without limits because they’ve trained super hard to be that way. So we’ve all had to become athletes when it comes to being spontaneous.

How has Dexcom helped you and Aidan? 
Dexcom has brought future science fiction to real life today. The continuous glucose monitoring system is tiny, sits discreetly on his body and gives him a ten-day breather between sensor changes, so it's goodbye finger-pricking seven times daily. 

Dexcom is totally active at a grass roots level and for Diabetes Awareness has pledged to donate £2,000 if #DexcomDiabetesStories and/or #DexcomWarriorStories is shared 200 times! I’ll be sharing more on social media and would love to hear how other families are winning their fights.

Maybe most importantly Dexcom is trying to introduce a reimbursement programme for type 1 diabetes  patients which will give greater access to modern, life changing hi-tech. I want to spread the word on the importance of accessing it through this campaign. 

If you compared your life today with how it was before Aidan was using Dexcom, what has changed? 
It's always working, which lets him take his mind off diabetes for longer stretches. It also lets me get off his back. We both receive alerts so I no longer have to pester him by asking him what his number is, and especially importantly, I don’t have to wake him at night to prick his finger if I’m worried. Dexcom gave us back our sleep!

Share article