Aptar Signs Enterprise Agreement with Biogen to Operate and Develop Digital Health Solutions
Aptar Digital Health, a part of AptarGroup, Inc., has entered into an enterprise agreement with Biogen Inc. to develop digital health solutions for neurological and rare diseases globally. The collaboration will cover several indications in neurology and immunology across 15 countries, focusing on providing advanced digital solutions for disease management.
The agreement between Aptar Digital Health and Biogen represents a strategic move within the digital health solutions space, which is rapidly gaining traction as a significant segment within the healthcare industry. The focus on neurology and immunology, especially with the prevalence of diseases like multiple sclerosis and lupus, underlines the potential for growth in niche markets that require specialized digital tools for disease management.
From a market research perspective, the partnership is poised to capitalize on the increasing demand for digital therapeutic solutions. The integration of digital care companion apps and digital exercise companions aligns with current market trends, where there is a shift towards patient-centered care that leverages technology for improved health outcomes. The fact that these solutions have already been launched and adopted in over 15 countries suggests a successful initial market penetration, which is likely to be bolstered by Aptar's operational expertise and Biogen's clinical insights.
Moreover, the potential development of new solutions for spinal muscular atrophy, Friedreich’s ataxia and lupus indicates a forward-thinking approach towards expanding the digital health portfolio, which could further strengthen the market position of both Aptar and Biogen. The expansion in various regions, including North America, Europe/UK, Asia-Pacific and Latin America, signifies a global strategy that could diversify revenue streams and reduce market-specific risks.
The transfer of ownership of select digital health solutions from Biogen to Aptar Digital Health is indicative of a trend in the pharmaceutical industry where companies are increasingly leveraging digital technologies to enhance patient care. As a medical research analyst, the implications of this partnership for the advancement of treatment and management of neurological and rare diseases are significant.
Applications like Cleo™/Aby™ and Physio.me are not just tools for patient engagement, but they also represent a new frontier in the collection of real-world evidence. The data gathered from these apps can provide valuable insights into patient adherence, symptom progression and treatment efficacy. This can lead to more personalized care and potentially impact the design of future clinical trials.
Furthermore, the commitment to potentially develop new digital health solutions for diseases such as spinal muscular amyotrophy and Friedreich’s ataxia is particularly noteworthy. These conditions, often underserved by traditional healthcare models, could greatly benefit from the digital tools that provide tailored exercises and track patient progress, ultimately leading to an improved quality of life for patients.
The enterprise agreement between Aptar Digital Health and Biogen has significant financial implications. For AptarGroup, Inc., this partnership could represent a substantial source of revenue growth and an opportunity to diversify its product offerings beyond traditional drug dosing and dispensing technologies. The strategic focus on digital health solutions is likely to appeal to investors who are increasingly looking for companies that are innovating at the intersection of technology and healthcare.
For Biogen, divesting certain digital assets allows the company to streamline operations and focus on its core competencies in drug development while still benefiting from Aptar's expertise in digital health. This could result in cost savings and improved operational efficiency. Additionally, the collaboration could enhance Biogen's competitive position in the neurology and immunology markets by providing patients with a more comprehensive treatment experience.
The long-term nature of the multi-year agreement suggests a commitment to sustained growth and investment in the digital health space. This could potentially lead to increased shareholder value over time, especially if the partnership successfully brings new digital health solutions to market and captures a significant share of this burgeoning sector.
02/09/2024 - 10:00 AM
New partnership model leverages Aptar Digital Health’s capabilities to support the development and operation of new and existing digital health solutions globally
Initial scope of multi-year agreement covers several indications in neurology and immunology across 15 countries
CRYSTAL LAKE, Ill. --(BUSINESS WIRE)--
Aptar Digital Health, part of AptarGroup, Inc. (NYSE: ATR), a global leader in drug and consumer product dosing, dispensing and protection technologies, has entered into an enterprise agreement with Biogen Inc. (Nasdaq: BIIB) to operate and develop digital health solutions for neurological and rare diseases. As part of the agreement, Biogen will transfer ownership of select digital health solutions to Aptar Digital Health (Aptar).
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Graphic: Aptar Signs Enterprise Agreement with Biogen to Operate and Develop Digital Health Solutions
Through this collaboration, Aptar will provide a full range of capabilities including the product management, design, development and maintenance of software applications, secured cloud hosting, and customer and marketing support to Biogen.
Over the past years, Biogen has successfully launched several flagship digital health solutions which have supported hundreds of thousands of patients in over 15 countries. The first solutions to transition to an operation by Aptar in North America , Europe /UK , Asia-Pacific and Latin America are:
Cleo™/Aby™: a digital care companion app to help people live with multiple sclerosis. It includes disease information, symptom-tracking, treatment reminders and tailored self-care programs on topics like fatigue and emotional management.
Physio.me: a digital exercise companion that offers at-home, tailored exercises to patients with neuromuscular disorders who can measure and share their progress with their care team and can increase their likelihood to achieve their physical goals.
In addition to these solutions, Biogen and Aptar will further collaborate to potentially develop and bring to market new digital health solutions for the management of spinal muscular amyotrophy, Friedreich’s ataxia and lupus in selected countries.
“We are excited to leverage our end-to-end capabilities to support Biogen and enable patients and their care teams to benefit from advanced digital solutions for better disease management,” said Pierre Leurent, President, Aptar Digital Health. “With this new agreement, Aptar Digital Health’s activities are significantly expanding in neurology and immunology, two strategic therapeutic areas. We look forward to an exciting collaboration between both our groups in the coming years.”
“Biogen is a recognized pharmaceutical leader who has been at the forefront of digital health in neuroscience over the past years,” stated Gael Touya, President, Aptar Pharma. “This flagship collaboration is an excellent illustration of Aptar’s expanding role as a go-to partner for the pharmaceutical industry, offering a comprehensive portfolio of device solutions, services and digital to help improve the lives of patients around the world.”
About Aptar
Aptar is a global leader in drug and consumer product dosing, dispensing and protection technologies. Aptar serves a number of attractive end markets including pharmaceutical, beauty, food, beverage, personal care and home care. Aptar Digital Health creates end-to-end solutions to enhance patient experiences every day, leveraging a holistic ecosystem of digital interventions. Amplified by an industry-leading portfolio of products and solutions, Aptar Digital Health’s offering combines mobile and web apps, connected drug delivery systems, onboarding, training and advanced data analytics services to actively empower patients and create a positive treatment journey. Aptar is headquartered in Crystal Lake, Illinois and has over 13,000 dedicated employees in 20 countries. For more information, please visit www.aptardigitalhealth.com and www.aptar.com .
This press release contains forward-looking statements. Expressions or future or conditional verbs such as “will” are intended to identify such forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are based on our beliefs as well as assumptions made by and information currently available to us. Accordingly, our actual results may differ materially from those expressed or implied in such forward-looking statements due to known or unknown risks and uncertainties that exist in our operations and business environment including, but not limited to: the successful integration of acquisitions; the regulatory environment; and competition, including technological advances. For additional information on these and other risks and uncertainties, please see our filings with the Securities and Exchange Commission, including the discussion under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Form 10-Ks and Form 10-Qs. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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Aptar Investor Relations Contact:
mary.skafidas@aptar.com
Aptar Pharma Media Contact:
carolyn.penot@aptar.com
Aptar Media Contact:
katie.reardon@aptar.com
Source: AptarGroup, Inc.
What partnership model has Aptar Digital Health entered into?
Aptar Digital Health has entered into an enterprise agreement with Biogen Inc. to develop digital health solutions for neurological and rare diseases globally.
What are the initial areas covered under the multi-year agreement between Aptar Digital Health and Biogen Inc.?
The initial scope of the multi-year agreement covers several indications in neurology and immunology across 15 countries.
What are the key digital health solutions that will be operated by Aptar Digital Health for Biogen Inc.?
The first solutions to transition to an operation by Aptar include Cleo™/Aby™, a digital care companion app for multiple sclerosis patients, and Physio.me, a digital exercise companion for patients with neuromuscular disorders.
How will Aptar Digital Health support Biogen Inc. in developing digital health solutions?
Aptar will provide a full range of capabilities including product management, design, development, maintenance of software applications, secured cloud hosting, and customer and marketing support to Biogen.
What are the future collaborations between Biogen Inc. and Aptar Digital Health?
Biogen and Aptar will collaborate to potentially develop and bring to market new digital health solutions for the management of spinal muscular amyotrophy, Friedreich’s ataxia, and lupus in selected countries.
