Business model and market
Healthcare costs are rising
We are living longer. Children born in Western Europe in 2017 have an average life expectancy of 79 years for males and 84 years for females. This is a lot higher than it used to be.
Since 1970, the average life expectancy of a citizen of Germany has risen 10.1 years and for people in Portugal 14.5 years. In other parts of the world, life expectancy has risen even more. (1)
Living longer, happy lives is obviously a cause for joy. But it comes at a cost: It is often very expensive. The proportion of elderly is growing in all EU-member states, and our changing demographics have sent healthcare costs soaring with seemingly no end in sight.
Already, we are beginning to see our societies straining to bear the burden. Hospitals are laying off staff to pay for expensive medicine, and money spent on healthcare cannot be spent on other things we might value – better schools, safer roads, or protecting the environment, for example.
When Abacus Medicine supplies medicines at a more affordable price, the result is significant savings for patients and public budgets. A number of studies (2) have shown that parallel imports of medicine create direct and indirect savings worth billions of euros annually.
Abacus Medicine is a market leader in the most expensive types of medicines, such as chemotherapies for cancer treatment or immunosuppressive drugs used in connection with organ transplants. Prices of 3,000 euros or more are standard for these medicines.
We pursue an ambitious growth strategy through selling many types of medicines in many different countries. We invest heavily in entering new markets and in increasing the number of medicines that we hold a license to sell. Most of our competitors focus on fewer and less expensive products in a few countries or even a single country.
Our presence in many different markets adds complexity to our business. To navigate this complexity we have developed advanced methods and IT systems for complex data analysis in real time. This creates an important competitive advantage, as it allows us to buy and sell in the right markets, operate efficiently in logistics and production, and reduce risk by limiting our stocks of expensive medicines.
This approach has been uniquely value-creating. Year after year, Abacus Medicine has reported strong, organic growth coupled with sound profitability above the industry average.
Today, you will find our offices and 500 people in several countries.
Abacus Medicine is a young company that has come far in a short time. Browse through the main events of our journey below.
We are happy to help, so please get in touch. Below you will find our main offices, but we have people covering all of Europe.
1620 Copenhagen V
Maglódi út 6
Berliner Straße 8
The Leadenhall Building,
122 Leadenhall Street,
London EC3V 4AB
12/14 Rond-Point des Champs-Elysées
Paris 75008, France
NESTA BUSINESS CENTRE
4-5 Burton Hall Road
Dublin 18, D18 A094