October 4, 2018 -- Burgdorf, Switzerland and Eindhoven, the Netherlands – Ypsomed, a leading developer and manufacturer of injection and infusion systems for self-medication, and Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced a collaboration to jointly develop and deploy new digital self-medication adherence monitoring services based on Ypsomed’s connected devices and Philips’ cloud-based HealthSuite digital platform. To this end, the companies have signed a memorandum of understanding and aim to sign the definitive agreements in the fourth quarter of 2018.
With the new SmartServices™, Ypsomed aims to extend its medical device business, by providing a new turnkey digital solution for medication adherence monitoring and smart device management to its pharmaceutical customers. Ypsomed’s SmartServices™ will be enabled by Philips’ HealthSuite digital platform, a cloud-based platform which was purpose-built for the complex challenges in healthcare, and provides tools and services focused on ease-of-integration, digital lifecycle management, and end-to-end security. The new digital services aim to address a wide range of device-oriented challenges and support self-medication services for patients across chronic disease states, such as diabetes, multiple sclerosis and rheumatoid arthritis.
“Our partnership with Philips aims at embedding smart devices in a digital health ecosystem that simplifies access to therapy-relevant medication adherence data,” said Ulrike Bauer, Senior Vice President Ypsomed Delivery Systems. “This will allow our pharmaceutical customers to focus on building therapy-specific digital solutions for patients, caregivers and physicians.”
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“Integrating Ypsomed’s smart devices and data into the Philips HealthSuite ecosystem means pharma companies will be able to develop solutions that leverage HealthSuite’s secure, cloud-based services,” said Dale Wiggins, Business Leader HealthSuite digital platform at Philips. “It will shorten time-to-market, enable them to scale-up solutions in a secure HIPAA-compliant way, and allow them to integrate data from Ypsomed devices with other data sources to support many different value-added use cases.”
Ypsomed is the preferred partner for pharmaceutical and biotech companies for the supply of injections pens, autoinjectors and infusion systems to administer liquid drugs. Ypsomed promotes and sells its product portfolio under the mylife™ Diabetescare brand directly to patients or through pharmacies and clinics, and under YDS Ypsomed Delivery Systems umbrella brand for business-to-business sales to pharmaceutical companies.
