Archive for October 30th, 2014
Boehringer Ingelheim and Lilly Revising Operational Structure of Diabetes Alliance in Certain Countries
INDIANAPOLIS and INGELHEIM, Germany, Oct. 29, 2014 /PRNewswire/ — In a move that will strengthen their alliance by enhancing efficiencies and enabling greater focus on product launches, Boehringer Ingelheim and Eli Lilly and Company (NYSE: LLY) are changing the operational and financial structure of their diabetes alliance in certain countries. Under the revised agreement, 17 countries representing more than 90 percent of the alliance’s anticipated market opportunity will continue their co-promotion work. In all other countries, the companies will exclusively commercialize the respective molecules they brought to the alliance.
The changes will be implemented starting January 1, 2015.
The scope of the alliance will remain unchanged in the following 17 countries/regions: United States, Germany,Italy, Spain, France, United Kingdom, Republic of Ireland, Portugal, Canada, Japan, mainland China, Australia,New Zealand, South Korea, Taiwan, Brazil, and Mexico.
Under a revised agreement, Boehringer Ingelheim and Lilly will exclusively commercialize the respective molecules they brought to the alliance in all other countries under revised financial terms that will include an upfront payment and ongoing payments paid to Lilly in lieu of commission payments in those markets. Lilly plans to communicate the impact to its 2014 financial guidance in its third quarter Form 10-Q report to the U.S. Securities and Exchange Commission.
“Lilly and Boehringer Ingelheim have a highly successful alliance,” said Enrique Conterno, president, Lilly Diabetes. “In less than four years, our companies have worked to develop and introduce several new important treatments for diabetes. The revised agreement will bring greater focus and clarity to our alliance and will benefit health care professionals, patients, and our companies. We look forward to continuing our important work together that makes life better for people with diabetes.”
To date, three new treatments for diabetes have been launched by the alliance: Trajenta® (linagliptin), Jardiance®(empagliflozin), and Jentadueto® (linagliptin/metformin HCI). Additionally, the alliance’s new insulin glargine product has been tentatively approved in the U.S. and approved in Europe. Other potential treatments, including fixed-dose combinations, continue being developed by the alliance.
“As our alliance continues to evolve, and with more medicines receiving approval by regulators, we have determined that enhancements are needed to reduce operational complexities in certain countries around the world,” said Dr Ulrich Drees, corporate senior vice president, International Project Management, Boehringer Ingelheim. “By continuing our work under this revised model, our companies can better focus on the important task of delivering innovative solutions to patients.”
Boehringer Ingelheim and Eli Lilly and Company
In January 2011, Boehringer Ingelheim and Eli Lilly and Company announced an alliance in diabetes that centers on compounds representing several of the largest diabetes treatment classes. The alliance leverages the strengths of two of the world’s leading pharmaceutical companies. By joining forces, the companies demonstrate commitment in the care of patients with diabetes and stand together to focus on patient needs. Find out more about the alliance at www.boehringer-ingelheim.com or www.lilly.com.
About Boehringer Ingelheim
The Boehringer Ingelheim group is one of the world’s 20 leading pharmaceutical companies. Headquartered in Ingelheim, Germany, Boehringer Ingelheim operates globally with 142 affiliates and a total of more than 47,400 employees. The focus of the family-owned company, founded in 1885, is researching, developing, manufacturing and marketing new medications of high therapeutic value for human and veterinary medicine.
Taking social responsibility is an important element of the corporate culture at Boehringer Ingelheim. This includes worldwide involvement in social projects, such as the initiative “Making More Health” and caring for the employees. Respect, equal opportunities and reconciling career and family form the foundation of the mutual cooperation. In everything it does, the company focuses on environmental protection and sustainability.
In 2013, Boehringer Ingelheim achieved net sales of about 14.1 billion euros. R&D expenditure corresponds to 19.5% of its net sales.
For more information please visit www.boehringer-ingelheim.com.
About Lilly Diabetes
Lilly has been a global leader in diabetes care since 1923, when we introduced the world’s first commercial insulin. Today we are building upon this heritage by working to meet the diverse needs of people with diabetes and those who care for them. Through research and collaboration, a broad and growing product portfolio and a continued determination to provide real solutions—from medicines to support programs and more–we strive to make life better for all those affected by diabetes around the world. For more information, visitwww.lillydiabetes.com.
About Eli Lilly and Company
Lilly is a global healthcare leader that unites caring with discovery to make life better for people around the world. We were founded more than a century ago by a man committed to creating high-quality medicines that meet real needs, and today we remain true to that mission in all our work. Across the globe, Lilly employees work to discover and bring life-changing medicines to those who need them, improve the understanding and management of disease, and give back to communities through philanthropy and volunteerism. To learn more about Lilly, please visit us at www.lilly.com and newsroom.lilly.com/social-channels.
C-LLY
CONTACT:
Greg Kueterman
Director, Lilly Diabetes Communications
Email: kueterman_gregory_andrew@lilly.com
Phone: 
+1 (317) 432-5195
Ralph Warsinky
Boehringer Ingelheim GmbH
Email: press@boehringer-ingelheim.com
Phone: +49 (6132) 77-7051
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Related stocks: NYSE:LLY
APAC and Americas Regions Adapting More Proactive Debt Collections Measures
AMSTERDAM, Oct. 29, 2014 /PRNewswire/ — The latest Global Collections Review survey conducted by Atradius Collections reveals that companies in the APAC and the Americas regions seem to be more proactive than their European counterparts in recovering payments. Almost 50% of the companies surveyed are partnering with professional debt collections agencies.
South American and Chinese companies in particular suffer from limited financing facilities. International and domestic companies in these regions are starting to face substantial payment problems, which is reflected in the way they handle overdue invoices. The use of debt collection agencies is higher in the Americas (46%) and APAC (47%) than in Europe where 30% of the respondents have chosen this option in the last 12 months. In the US (54%), mainland China (52%) and Taiwan (57%) it is common to employ a debt collection agency. Additionally, the debt collections market is evolving most rapidly in the Americas region, where an increase of almost 13% is observed compared to last year. This underlines the importance of cooperating with external debt collection agencies in the region.
In Asia Pacific, companies appear to be more proactive in trying to recover their money and are willing to use a variety of methods to achieve results. European companies are more conservative and cautious when it comes to outsourcing collection of first party invoices. However companies in the APAC region appear more aligned with companies in the Americas, when it comes to using first party collections services. Almost 60% of the interviewed companies in this region have claimed to be (highly) likely to adopt this service during the next two years. This shows their willingness to begin pursuing payment earlier, before starting the traditional debt collections procedures. Raymond van der Loos, Managing Director Atradius Collections, observed: “The economic climate in both the South American and Asian markets have started to deteriorate. Payment morale has weakened and insolvency risk has increased. To improve collection success, companies are implementing stronger credit management measures and outsourcing their debt collection efforts to an expert who supports them in recovering outstanding balances and prevents unnecessary write offs.”
Worst payers are domestic customers
Across the world, the worst payers are typically domestic customers, irrespective of business size and industry. Companies in the APAC region are more active in recovering late payments from their international buyers, even though they also have a high percentage of domestic cases to collect. Raymond van der Loos observes: “The practice of delaying payments as a means of financing operations is problematic in all countries. Atradius Collections’ strategy has been to expand the global network into the South American and Asian markets to be able to help its customers, at a local level, recover payments, whether the debt is domestic or international.”
About the Global Collections Review
The Global Collections Review is based on a survey of almost 6000 companies across 30 countries in the APAC, Americas and European regions and assesses business requirements for outsourcing business-to-business collections services. The detailed insights can help companies create country and industry focused strategies on how to deal with overdue invoices.
The overall report Global Collections Review and the country reports are available athttp://www.atradiuscollections.com/global/updates-publications/global-collections-review.html
About Atradius Collections
Atradius Collections, a business unit of Atradius Group, provides efficient, quick and flexible solutions to recover domestic and international trade debts. With 20 offices and an extensive network of collections specialists and lawyers worldwide, Atradius Collections serves more than 14,500 customers. Over 85 years of global credit management industry experience uniquely positions Atradius Collections as a worldwide leader in business-to-business trade invoice collections services.
http://www.atradiuscollections.com
http://www.linkedin.com/company/atradius-collections
http://www.twitter.com/AtradiusCollect
Further information:
Iris Graatsma
Email: Iris.Graatsma@atradius.com
Telephone: +31-20-553-3139
CSA Group Says Gas Asia Summit Critical to Meeting Challenges of Gas Industry
SINGAPORE /PRNewswire/ — As a sponsor to the Gas Asia Summit in Singapore, CSA Group, a global provider of testing and certification services and a leading standards development organization, congratulates the participants in the Summit on their commitment towards resolving the global and regional challenges facing industry, regulators and governments seeking to harness natural gas as a sustainable, efficient and clean energy source for the world’s growing economies.
In the developing markets of Asia, the need for sustainable clean energy is particularly important. CSA Group is a leading developer of standards for the gas industry and will continue to work with stakeholders to ensure the development of new standards, testing and certification processes that lead towards sustainable and efficient production, distribution and consumption of natural gas products in the years to come.
“The production and distribution of natural gas rests on the industry’s ability to safely extract and distribute it to industrial, commercial and residential consumers, cost-effectively and with minimum wastage and impact to the environment,” said Claudia Chan, Vice President, North and Southeast of Asia, CSA Group. “As Asia takes its position as a leading consumer of natural gas, and a global supplier of natural gas derivative products, CSA Group will continue to strategically invest in Asia to offer innovative, high-quality and efficient comprehensive local service to our clients to assist them penetrating into North American and global markets.”
The gas industry faces many challenges as a result of unprecedented global energy demands. The findings of 2014 Technology Radar survey by Lloyd’s Register Energy reveal that safety improvements, improving operational efficiency and reducing costs are the top three concerns of the industry.1 CSA Group is at the forefront of developing standards and the accompanying testing and certification processes, working closely with industry and regulators to help ensure sustainable production, and distribution of energy resources for the world’s energy needs.
CSA Group has invested in Guangzhou, Shanghai and Taiwan with local experts able to provide gas products support to customers in Asia. CSA Group can test and certify different gas products to the relevant standards and assist clients to meet the needs of different global markets. By being closer to markets, CSA Group is able to give customers in Asia faster and more cost-efficient services.
Due to the potential risk on some industries as ‘flammable atmosphere, gas mining & production, storage & transportation’ and risk to its workers, CSA Group has offered global leadership in hazardous location product testing and certification (HAZLOC). CSA offers local HAZLOC services to customers in Asia through its facilities inmainland China, Taiwan, India and other parts of Asia. CSA Group also offers training on a wide range of topics, including ATEX and IECEx directive requirements and EN/IEC standards governing electrical and mechanical equipment for hazardous locations. These courses are designed to help customers understand the certification requirements for products used in hazardous locations.
CSA Group will continue its commitment to expand in Asia in addition to its current presence in Taiwan, India,South Korea and mainland China.
1. Llyod’s Register Energy, Technology Radar survey, 2014
About CSA Group
CSA Group is an independent, not-for-profit membership association dedicated to safety, social good and sustainability. Its knowledge and expertise encompass standards development; training and advisory solutions; global testing and certification services across key business areas including hazardous location and industrial, plumbing and construction, medical, safety and technology, appliances and gas, alternative energy, lighting and sustainability; as well as consumer product evaluation services. The CSA certification mark appears on billions of products worldwide. For more information about CSA Group visit www.csagroup.org
CSA Group Media Contact
Pino Chen
pino.chen@csagroup.org
+86-021-54261199-822
CSA Group Asia Business Contact
Frances Hung
frances.hung@csagroup.org
+886-2-29015123
Asia Fresh News 