About us
Meet the team behind our operations in the UK and learn more about Abacus Medicine.
Who is Abacus Medicine?
Abacus Medicine was founded in 2004 by CEO Flemming Wagner and his father John Wagner (1932-2018). Since then, Abacus Medicine has grown continuously and has established itself among the market leaders in the European parallel import industry.
Abacus Medicine represents the parallel import-branch of the Abacus Medicine Group. Abacus Medicine and our parallel import-business remains the largest contributor to our financial results and continuous growth.
If you are looking for career opportunities, financial information and corporate news, visit the Abacus Medicine Group’s website.
The history of Abacus Medicine
Abacus Medicine was founded on the basis of a growing call for competition in the Danish pharmaceutical market to the benefit of Danish hospitals. To answer this call, Flemming and John Wagner founded Abacus Medicine with the purpose of carrying out parallel import and parallel distribution of original medicine within the EU.
Not long after it was founded, Abacus Medicine entered the Danish pharmaceutical market. Following this successful entrance, the company expanded its reach to Germany and Sweden. Since then, Abacus Medicine has pursued a vigorous and highly successful multi-market strategy, and our parallel import services are now available in 18 European markets with more to come.
Apart from our many active sales markets, we also have sales offices in 6 European countries: Denmark, the Netherlands, Germany, Austria, Spain and United Kingdom. Our office in Copenhagen, Denmark functions as our headquarters for both the Group and Abacus Medicine.
Our Team
Management
Operations
Business Development
Marketing
Portfolio Management
Product Analysis
The history of Abacus Medicine UK
First deliveries in the UK, marking the launch of our UK business unit
First replica pack sales into the private sector
Successful transition to operating within the post-Brexit framework
First exhibition stand in the UK at the Clinical Pharmacy Congress
The UK team grows into a 10+ people operation
Celebrating 10 years in the UK and our first Customer Day
Sustainability in Abacus Medicine
Sustainability is governed at Group-level in the Abacus Medicine Group. This means that our sustainability initiatives are applicable for all companies in the Group.
Yet, some of our sustainability programs are heavily linked to Abacus Medicine’s parallel import-business, such as our Waste-program.
As a parallel importer, we repackage each pack of medicine which results in an increase in packaging material waste. This led us to investigate how we can manage this waste in the best and most sustainable way.
Paper products made from Abacus Medicine waste
In 2019, we phased out putting new labels on the original manufacturer’s boxes from most of our production and introduced replica boxes instead. This enables us to provide products of a high and consistent quality to our customers.
However, this new solution also brought us new environmental challenges. As Abacus Medicine discards large amounts of used packaging materials, we wanted to find a more sustainable destruction method.
We now use a shredder that cuts used boxes into small pieces. By sorting and shredding the waste, it is now possible to recycle the old packaging materials into new paper.
Today, we send more than 10 tons of paper waste for recycling each month. After leaving Abacus Medicine’s production facility in Hungary, the shredded paper goes through various phases of preparation and shaping by several companies to become ready for use in the production of new paper products such as napkins and toilet paper. The new solution also has positive, if modest, economic benefits. By selling our waste as raw material for recycling we gain a small income and save on destruction costs for a combined total of around EUR 1,000 per month.
You can read more about our overall sustainability strategy and programs on our Group site.
Goal #3:
Good Health and Well-being, including:
Target 3.8: “achieve universal health coverage (UHC), including financial risk protection, access to quality essential health care services, and access to safe, effective, quality, and affordable essential medicines and vaccines for all.”
Better access. Better healthcare
The Abacus Medicine Group recognizes and supports the United Nations 17 Sustainable Development Goals. We strive to continue our contribution to the
international community we are a part of, and we acknowledge this responsibility and the impact we have.
Our sustainability efforts aim to contribute to solving the major global challenges being addressed by the UN Sustainable Development Goals. The Abacus Medicine
Group’s strategy and targets focus on three SDGs that hold particular influence to our business. This is where we believe we can create the biggest positive impact at scale through the knowledge, products and solutions we provide to our customers and society at large.
As a Group consisting of a variety of pharmaceutical companies, we believe that our strongest contribution to our society lies within SDG 3. With our broad range of services within parallel distribution, pharmaceutical areas such as clinical trials and unlicensed medicines as well as general pharmaceutical wholesale and direct-to-patient services, we have one of the broadest lists of beneficiaries. We work hard every day to ensure safe and stable access to medicine. As such, SDG 3 ties closely and directly with our core business and all operations in our company.
The British Association of European Pharmaceutical Distributors (BAEPD) represents those companies licensed by the UK’s Medicines and Healthcare Products Regulatory Agency (MHRA) and, where applicable, by the European Medicines Agency (EMA) to source and distribute prescription pharmaceuticals within the European Economic Area (EEA) and the UK.
Affordable Medicines Europe is a non-profit organisation that supports the parallel distribution of medicines, promotes competition and strengthens the EU internal market. It focuses on free trade, regulatory compliance and cooperation between members to make affordable medicines accessible across the European Economic Area.
The Independent Pharmacies Association (IPA) is a membership organisation representing independent pharmacies with single or multiple branch pharmacies. The IPA also offers associate membership and partnerships to organisations and companies who would like to work with the community pharmacy sector. Abacus Medicine UK is an associate member of the IPA.
