Terumo : to Cease Distributing Dexcom Continuous Glucose Monitoring Systems as Dexcom Moves to a Direct Distribution Model in Japan
October 02, 2023 at 12:04 am EDT
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October 02, 2023
TOKYO, JAPAN - October 02, 2023 - Terumo Corporation (TSE: 4543) today announced that it has agreed with U.S.-based Dexcom, Inc (Dexcom) to cease the distribution agreement for Dexcom's Continuous Glucose Monitoring Systems (CGM) in Japan, as of March 31, 2024. This decision was made in accordance with Dexcom's change in marketing strategy to shift from indirect distribution to direct sales in certain key markets, excluding the U.S.
With this arrangement, Terumo will cease the sales and support activities for Dexcom's CGM in Japan on March 31, 2024. These activities will be performed directly by Dexcom from April 2024. Terumo and Dexcom are both committed to maintaining an excellent level of service and support for patients with diabetes and their healthcare providers throughout this transition.
For more than 40 years, Terumo has developed and launched a range of medical devices designed to enhance QOL of people with diabetes. This includes the world's shortest and thinnest* insulin injection needle "NANOPASS" and the first insulin patch pump available in Japan "MEDISAFE WITH".
Terumo positions the business related to diabetes as one of the key pillars of its growth strategy. To fulfill the company's commitment to improving the QOL of people with diabetes, Terumo will continue to deliver products including SMBG devices, insulin injection needles and insulin patch pumps to the market, while accelerating the development of Automated Insulin Delivery (AID) System and other new solutions.
*According to Terumo's own research, as of October 2023.
Terumo Corporation published this content on 02 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 October 2023 04:03:11 UTC.
Terumo Corporation specializes in the design, manufacturing and marketing of medical products and equipments. Net sales break down by family of products as follows:
- cardiac surgery devices (53.5%);
- medical products for hospitals (28.6%): medical devices, nutritional additives, oxygen, medical measuring devices (thermometers, tensiometers, glucometers, etc.), etc.;
- sanguine transfusion equipments (17.9%).
Net sales break down geographically as follows: Japan (32.9%), America (29.5%), Europe (19.6%), China (7.4%) and other (10.6%).