Title: OVERVIEW
1OVERVIEW
GOMEZ Emmanuel SQUEDIN Thomas LETURGEZ
Thibaut DELEPIERRE Alban
2Institut Mérieux
3- Silliker, headquartered in Chicago
- Institut Mérieux has a 89 holding in the
company - Within the Nutrition / Health division of
Institut Mérieux, Sillikers mission is both to
improve nutrition and enhance the quality and
safety of food products.
4- Transgene, based in Strasbourg
- Biopharmaceutical company dedicated to treating
infectious diseases and cancer. - Institut Mérieux has a 55 holding in the
company - It develops therapeutic vaccines and innovative
immunotherapy products based on exclusive
technologies for stimulating patient immune
systems by using vectors for the expression of
tumoral or infectious antigens in target cells.
5BioMérieux Presentation
- A world leader in the field of in vitro
diagnostics for over 45 years.
- Designs, develops, manufactures and markets
Reagents, - Automated instruments.
- For medical analysis and quality control of
products of agro-food, cosmetics and
pharmaceuticals.
- Contribute to the improvement of public health
worldwide
6History
7Global presence
- BioMérieux a part of the Institut Mérieux group
BioMérieux is present in 150 countries.
8Global presence
- It has 17 production sitesDistributed in
France, the Netherlands, the United Kingdom,
Italy, the United States, Brazil, Japan and
Australia - A European logistics center located in France.
- Based in Marcy-l'Etoile, France
- Employs 6000 people worldwide, 880 people are
dedicated in bioMérieux, research, divided in 13
research centers in the United States, Brazil and
Europe (Lyon - France, Florence - Italy, Boxtel -
Country Netherlands).
9BioMérieux Some results in 2008
- 8th Global Society in diagnostic biological
- AC 1 111 million Euros
- Realizes over 81 of its international business
- Anonymous Society, capital 12.029.370
- Sales growth 9,8
- Cash flow 19
10Status
- Anonymous society (AS) is a corporation so named
because his name does not reveal the names of
shareholders it may not even know the identity
when the company is on the stock exchange. - Conventional Structure
- A GD
- A Board of Directors (11)
- General meetings.
11Corporate Governance
- Board of Directors, Chairman Alain Mérieux.
- Management Committee 11
Alexandre Mérieux
Alain Mérieux
12CAPITAL
13Stock-Market
- Stock exchange data
- Number of shares 39 453 740
- Capitalization of stock-market 3 223.77 MEUR
- Activity sector Medical equipment
- Share characteristics
- Market NYSE Euronext Paris
- Stock symbol BIM
- Average daily trading volume in 2008
approximately 34,700 shares gt for a value of 2.3
million euros.
14SHARE PRICE PERFORMANCE IN 2009
15Acquisitions
162006 Sales by technology
17Economic model
- ?Very different business model from the
pharmaceutical industry. - Highly diversified product portfolio ? less risk
- In sales no blockbuster
- In the development pipeline
- Shorter development cycles
- No risk from generics
- Lower product liability risk In vitro vs In
vivo
18A promising market
19(No Transcript)
20The sentence
21Strategy
- From a strategy focused on the laboratory
- ?Infectious diseases, oncology and cardiology
- ?Industrial applications
- To a strategy focused on pathologies and
clinicians needs - ?Infectious agents clinical and industrial
applications - ?Tests delivering high medical value
- Oncology
- Cardiology
- Point-of-care tests
- Theragnostics therapeutics and diagnostics
22Strategy Domain
Technologies Bacteriology Molecular Biology Immunoassay Clinical Chemistry Hematology Hemostasis
2300 1800 8700 9100 1200 1200
Growth 3 - 4 10 - 12 3 - 4 4 -5 3 - 4 3 - 4
Low Medium High High Medium Medium
Pathologies
Industrial applications
Infectious diseases
Cancers
Cardio-vascular diseases
Diabet
Clinical chemistry
Endocrin Tests
Blood analysis
Auto-immun diseases
TDM/DOA tests
23Clinical applications
?become a major reference for doctors and
biologists on key pathologies
?Partnerships with pharmaceutical / biotech
companies specialized in these pathologies. ?Cross
-functional approach by pathologies - One lead
manager for each pathology
Bacteriology Molecular biology Immunoassays
Infectious diseases
?Sepsis Bact/Alert GeneXpert VIDAS PCT
?Nosocomial infectious PPM, VITEK 2 Diversilab VIDAS CDA2
?Tuberculosis Bact/Alert Gen-Probe
?VIH/Hepatitis easyMAG/EasyQ VIDAS HIV
Cancers VIDAS PSA
Cardio-vascular diseases VIDAS D-dimers
24Commercializing network
25Commercializing on the quality of commercial
network
2007 2012 Growth rate
5-6
- Internal RD pipeline
- Sales network optimization
1
26Optimization of commercial network
- Geographical priorities United states and Japan
- Sustained creation of new subsidiaries
- Algeria 2007, South Africa 2007,
- Singapore 2008, Dubai - 2008
27Etablishment of a global department
- Creating a world business management
28Commercializing on the quality of commercial
network
- Pipeline after internal RD
- Optimization of commercial network
5-6
1
- Business Development
- Distribution agreement
- Acquisitions
- Product companies
-
1-2
Total
7 - 9
Compound annual growth rate
29Industry Control
30Industry Control
?leader sector consolidation
Aim 2012 ? a market share of 30
31Industry - Strategy
?Became the leader in industry consolidation
- Undisputed Leadership
- Capitalizing on the clinical commercial network
32Partnerships
- Copan 2007
- Exclusive worldwide distribution agreement
authorizing bioMérieux to market, for the
pharmaceutical industry, an innovative sample
collection system based on technology developed
by Copan. - This patented product marks a major breakthrough
because it is the first swab on market that can
be used to perform a quantitative environmental
control. - ?The unique texture of the Nylon flocked swab
picks up more microorganism than conventional
swabs. It is specifically designed for aseptic
manufacturing facilities control.
33Acquisition for Industry
34BTF
- Provides the world's most precise quantitative
reference standards for microbiological testing . - Use to verify the performance of control methods.
- Target customers in the industrial microbiology
market, specifically testing water, food and
pharmaceutical products - ?BTFs range of products and expertise are a key
addition to portfolio of solutions for
microbiological control
35- Infectious diseases expertise
36Infectious diseases Clinical diagnostic and
industrial microbiology.
- Independence and expertise field
- International scope
- 45 years of experience and know-how
- Scientific and technological innovation
- 13 of the sales in RD
- 3 main technologies
- Bacteriology
- Immunoassays
- Molecular biology
37Strategic plan 2007/2012
- Bacteriology be an incontrovertible leader
- Accelerate the complete automation of analysis
processes - Focus on chromogenic media
- Molecular biology become the key leader in
sepsis and HAI - Be the leader of molecular diagnostic automation
of HIV and hepatitis - Biochips launch of a multi-target genetic test
PLC (ADNA project) - Immunoassays increase the number of
high-medical-value tests and reinforce the Point
of Care activity - VIDAS/VIDIA extend the product range
- Patients Point of Care
- Based on the expertise in infectious diseases,
technical mastery and on a large number of
products already on the market. - Positioning Full automation Point of care in
clinical market
38Areas of Expertise
- Healthcare Associated Infections ?
- HIV ?
- Sepsis ?
- Tuberculosis ?
- CNS infections
- Gastro-intestinal infections
- Hepatitis
- Mother-to-child transmission
- Urinary tract infections
- Respiratory infections
- Sexually transmitted infections
39Products and strategy
- Improve the clinical presence (Superbugs,
Theranostic ) - Transverse approach regarding pathologies
- One manager for each pathology
- One sponsor for each pathology in the executive
committee - ?Partnerships with pharmaceuticals
industries/biotechs working on those diseases.
40Healthcare Associated Infections
- Among the 10 leading causes of mortality in
industrialized countries. - Impact on the length of hospitalization and
related healthcare expenses. - 5 billion annually in U.S. (WHO figures, 2005)
- Affect around 10 of hospitalized patients, 1.4
million worldwide each day - Often characterized by resistance to antibiotics
- bioMérieux research
- New strains of drug-resistant bacteria adding to
collection of over 30,000 bacterial stains,
Centers for Disease Control (CDC) - Automation Full Microbiology Lab Automation,
futher reducing time to result for bacterial
identification. - Chromogenic media direct, reliable and rapid
isolation of bacteria - Prevention and surveillance screening of
patients, hospital environmental controls,
epidemiological surveillance. - Intervention identification, antibiotic
susceptibility testing, genotype
characterization, identify the source of
infection and prevent epidemics.
41 Sepsis
- Sepsis is the leading cause of death in
non-coronary intensive care units. - Mortality from severe sepsis 32 to 54
- In developed countries estimation of 3,000
people die of severe sepsis a day. - In US, total cost of 16.7 billion dollars a year
- Due to the aging of the population, invasive
diagnostic techniques and increasing bacterial
resistance to antibiotics, the number of patients
with sepsis is rising steadily worldwide. - bioMérieux research a race against the clock
- Tests easier to use, at the patient points of
care - Reduced time for the analysis of blood samples
from several days to just 2hours - Diagnostic
- Procalcitonin (PTC), introduced in VIDAS system.
- 20min to have early indications so the patient
can be given adequate treatment - Same technology for monitoring antibiotic therapy
and patients response to treatment - Bacterial identification and antibiotic
susceptibility testing VITEK 2 system, Etest
(MIC) - Automated blood culture BacT/ALERT 3D, rapid
growth and detection.
42FMLA Full Microbiology Lab Automation TM
- To face challenges, automation
- Standardization
- Speed
- Controlling healthcare costs
- Added value
- - Inoculation of Petridishes PREVI Isola
- - Automated staining of sample slides PREVI
Color Gram - - Urinary screening (detection of bacteria and
particles) UF-1000i - - Blood culture BacT/ALERT
- Identification of bacteria and automated
antibiogram VITEK 2 - - Genotyping of microbialstrains DiversiLab
- - VIDAS
- - NucliSENSEasyQ
- - NucliSENS easyMAG
5
A strategic partnership with Hitachi
High-Technologies Corporation focused on
microbiology and molecular diagnostics
43Patients Point of Care
- Test performed and interpreted near the patient,
by a physician or a nurse. - An estimatedmarket of 4b
- U.S. 65 of the market
- Averagegrowth rate 10 a year
- bioMérieux POC strategy
- Manualrapid tests
- QuickVue tests distribution agreement
withQuidel (2008) - Meikang Biotechrapid tests following acquisition
(2010) - Handheld diagnostic solution Partnership with
Philips (2013)
44Results - Q4 2009
- Clinical field 7,4 sales increase
- Extraction reagents (NucliSENS easyMAG) H1N1
influenza - Interest in FMLA (audit asked) especially PREVI
Isola and PREVI Color Gram - Immunoassays VIDAS, microplate screening, rapid
testing
452009 Product Launches
- bioMérieux expanded its line of automated
screening tests for Methicillin Resistant
Staphylococcus aureus (MRSA), one of the leading
causes of healthcare-associated infections - In the US, chromID MRSA, chromogenic media that
enables visual identification of MRSA colonies in
patient sample - In Europe, NucliSENSEasyQ MRSA, molecular
diagnostic MRSA test on the EasyQ automated
platform - For both emergency and routine patient situations
- 17 new productswerebrought to marketduring the
year - NucliSENSEasyQ HIV-1 v2.0, help FU of HIV
positive patients - VIDAS EBV, detection of EBV, 80 of infectious
mononucleosis cases - VILINKTM, a secure network connection for VITEK2
installations - VITEK2 PC 4.02, software application compatible
with European antimicrobial susceptibility
standards (EUCAST)
46Bacteriology - strategy
47Bacteriology - Strategy
- ?Become the undisputed leader
- More than 40 years of experience
- More than 50 of the market in automated
bacteriology
48Partnerships
- Cepheid - 2007
- The product menu comprises both bacterial and
fungal identification assays as well a series of
genetic markers for antibiotic resistance. - Cepheid is in charge of manufacturing
- bioMérieux distributes the sepsis assays
- LabTech Systems - 2007
- signed an exclusive worldwide license agreement
for LabTech Systems automated pre-poured media
(PPM) ? MicroStreak. - Eiken Chemical Co., Ltd. (Japan) - 2007
- Production of PPM for Biomérieux by Eiken
Chemical Co. - Sysmex (Japan) - 2008
- UF-1000i is highly standardized and automated
solution for urinary screening methods. - Quidel (USA) 2008
- Exclusive distributor of Rapid diagnosis test for
Quidel. (Except USA, Japan and Scandinavia)
49Acquisitions for bacteriology
50Acquisition of PML microbiological
- In vitro diagnostics company that provides
culture media and microbiological products for
both clinical and industrial applications. - ?With this acquisition, bioMérieux is now
51Molecular biology
52Molecular biology - Strategy
- ?Become the leader in sepsis and
hospital-acquired infections
- Expertise across the chain
- ? extraction, amplification, detection
- Ability to capitalize on know-how in infections
53Partnerships
- NuGEN Technologies Announce Cross-License and
Supply Agreement. (USA) - 2007 - NuGEN's exclusive WT-Ovation RNA Amplification
System. - enhances Biomérieux amplification capabilities
for clinical use. - AdvanDx (USA) - 2007
- To provide rapid results for Bloodstream results.
- identification of bacteria and yeast from
positive blood cultures in less than three hours. - Hitachi High-Technologies (Japan) 2008
- RD partnerships Focus on Microbiology and
Molecular Diagnostics
54Immunoassays
55Immunoassays - Strategy
?Extend the high medical-value test menu and
strengthen the point of care business
- Installed base of more than 20,000 instruments
- Expertise in antibodies
56Partnerships and Acquisitions
57China Strategy
58bioMérieux in China today
- A long-standing presence
- Since 1978
- 1992 Hong Kong
- 2005 HQ moved to Shanghai
- 5 offices and more than 100 FTE
- A large distributor network
- A strategic foot hold in China
- A large site and a strong team (mid-2010)
- China becomes bioMérieux 3rd corporate pillar
- Research team in Fudan University Cancer Hospital
(Shanghai) - Joint-venture with Shanghai Kehua Bio-engineering
(microplates) - POC strategy Manual rapid testsPhilips
partnership - Meikang Biotech acquisition this adds up
59MeikangBiotechActivites synergy
- A well-establishedc ompany, Dr Chang - 1992
- 150 employees, 100 contractors
- Sales about 5M
- A wideproduct range rapid tests
- Infectious diseases
- Carido-vascular and oncology
- Drugs of abuse
- Pregnancy and hormone testing
- A fully-owned manufacturing site in Shanghai
- 9,000m2 on 2 hectares of land
- 30 million tests per year
- Certifications GMP, ISO 9001, ISO 13485,
Manufacturing license class III (Shanghai FDA)
60MeikangBiotechHigher ambitions for the Group
- Support business growth in China
- Rapid tests ideally complementing bioMérieuxs
product offering, mainly for infectious diseases - In the coming years additional production
capacities - Optimize cost structure of products for
developing countries - Leverage RD expertise and develop innovative
products - Additional immunoassay RD capabilities for new
rapid tests - A beachhead for the rapid diagnostics and POC
markets
61Theranostics
62Theranostic
- The good drug for the good patient at the good
time - A theranostic is a diagnostic test that helps
clinicians make the right therapeutic decision
for the right patients, enabling a more
personalized approach to medicine.
63Theranostic
64- Le theragnostic devrait déboucher sur un fort
développement commercial après 2012
65The Scientific need
- The overall five-year survival rate is still only
66. Causes for this high mortality rate include
- late diagnosis
- challenging tumor identification and
classification - inappropriate treatment, all of which lead to
poorer patient outcomes
66Partnerships - Cancer
- Leading Biotech for discovery and validation of
molecular biomarkers and proteomics, - particularly for early detection and prediction
of treatment efficacy - ExonHit (France) breast, colon and prostate
- ProteoSys (Germany) prostate cancer
- Other partners contribute their expertise
- French Atomic Energy Commission (CEA)
- the French National Scientific Research Center
(CNRS) - the Lyon University Hospitals (HCL)
- ST Microelectronics (ST)
- Claude Bernard University in Lyon (UCBL).
67Biomarkers Development
68Plan 2007 -gt 2012
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70Sept. 17, 2007. Patership in theragnostic
development
- Co-funded The development of a companion test for
BN83495 intended for both - Clinical development of the compound
- Diagnostic test potentially for future
commercialization - The test will be developed on NucliSENS EasyQ
molecular diagnostics platform. NASBA
amplification technology.(CLIA certified
laboratory) - Tumour marker tests
- determining the molecular signature of tumours
- guiding a rational choice of treatment for
defined patient groups.
71The Target
- Novel breast cancer therapy
- designed to block the steroid sulfatase enzyme
(STS). - sulfated steroid precursors estrogens
- STS
- during pregnancy
- Found in hormone-dependent breast cancer in
postmenopausal women, but not BMI.
Role of steroid sulfatase in local formation of
estrogen in post-menopausal breast cancer
patients.Nakata T, Takashima S, Shiotsu Y,
Murakata C, Ishida H, Akinaga S, Li PK, Sasano H,
Suzuki T, Saeki T.Pharmaceuticals Research and
Development Division Kyowa Hakko Kogyo, Tokyo,
Japan. taisuke.nakata_at_kyowa.co.jp
72BN 83495 Phase I
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74Tyverb, lapatinib
- Lapatinib is an oral small-molecule
- inhibitor of the ErbB2/ ErbB1 TK receptor.
Trastuzumab Lapatinib
75Tyverb, lapatinib
- Develop in breast cancer
- Over expression of these receptors has been
reported in a variety of human tumors.(squamous
cell/gastric cancer) - Associated with poor prognosis and reduced
overall survival.(agresive form of advanced
breast cancer) - Limits
- Not in Monotherapy
- Poso 5 tablets/ day, every days
- 2 x 70 tablets 2537,74
- Adverse reactions, at least 10 of patients
(Gastro-intestinal, dermatologic, fatigue)
2174 / month
76Approval and fundedLapatinib received approval
in june 2008
- FDA - EMEA
- 1st indication In combination with Xeloda
(growth inhibitor) for a particular type of
aggresive breast cancer ErbB2. After treatment
with standard chemotherapy regimes including
intravenous trastuzumab - 2nd indication in combination with letrozole
(aromatase inhibitor) for the first-line
treatment of HER2-positive metastatic breast
cancer in postmenopausal women. - FDA
- 3thr indication in combination with letrozole
(aromatase inhibitor) for the first-line
treatment of HER2-positive metastatic breast
cancer . - Refusal to pay for lapatinib as a 1st-line and
2nd-line treatment for HER2-positive breast
cancer (EGF 30008) - gtfinding it was not cost-effective.
77Cost-effectiveness
- Analysis lapatinib capecitabine vs capecitabine
monotherapy - the QALY gain was 0.171 at an incremental cost of
13,873 - Incremental cost-effectiveness ratio (ICER) of
81,251 per QALY gained. Max 35,000 - the cost effectiveness of lapatinib was
particularly influenced by the extent of
trastuzumab use post progression and the
progression free patients receiving trastuzumab.
78COMMISSION DE LA TRANSPARENCEAvis 16 juillet 2008
- LEMEA a attribué à TYVERB une AMM
conditionnelle, en labsence - - de données robustes sur lefficacité de TYVERB
sur lincidence des métastases cérébrales - - et de démonstration sur la survie globale.
- Le rapport bénéfice/risque sera réévalué
annuellement. La firme sest engagée auprès de
lEMEA - - données de survie étude EGF 100 151
- - phase III comparative vs HERCEPTIN
- Evaluer leffet de TYVERB sur lincidence des
métastases cérébrales site de rechute (Le
rapport final soumis en mai 2013).
79November 17, 2009
- Development of a predictive test gt treatment
best suited to different populations suffering
from breast cancer. - This test will be developed from new biomarkers.
After approval by regulatory agencies, it can be
used for both cancer receiving adjuvant therapy
and metastatic cancer - Test ErbB2 / ErbB1 ???
- GSK did not reveal the specific breast cancer
drugs that the predictive test would accompany.
80Oncology pipeline
81- GSK's decision to work with BioMerieux capacity
to scale up the development and marketing of the
test. (not only a biotech) - GSK Opportunity for label integration and
co-marketing
82AviaraDx acquisition
- En septembre 2008
- le Groupe a acquis la société AviaraDx, Inc.
spécialisée en diagnostic moléculaire des tissus
tumoraux à partir de biopsies.
Accrédité par un CAP
83THEROS Breast Cancer IndexSMBreast cancer
recurrence
- Breast cancer patients are typically classified
by 3 factors - 40 to 50 percent of breast cancer patients are
inaccurately classified as intermediate risk
according to St. Gallens risk
assessment guidelines. - under-treatedgt overall survival
- over-treatedgt cost, side effect
- Better classification means better treatment
selection - Test is a combination of 2 independent tests
- ER and PR , endocrine therapy.
- Tumors ,be sensitive or resistant to
chemotherapy.
84THEROS technology
- THEROS Breast Cancer ? and THEROS CancerTYPE ID
- objective diagnostic tool
- quantifiable
- Practical
- clinically impactful.
- faster,
- effective
- avoid expensive
- real time RT-PCR based assays compatible with
many form of samples. - extraction of RNA
- reverse transcription to cDNA
- quantitative measurement using real time PCR
85THEROS CancerTYPE ID
- 1.4 million new cases ofcancer in the US, 3 to 5
of new cancer are cancer - of unknown primary Diagnotisis
- -lengthy
- -expensive 18,000
- Diagnostic tools used studying cells and tumors
with microscopes, laboratory cell stains ,
imaging - often fall short of identifying where a cancer
started and what type it is. - Molecular diagnostics provides important
information for cancer type identification - The price of a Cancer type test is 3600
- Recognize over 75 of solid tumors. activity
levels of 92 genes - distinguish up to 39 different tumor types and 64
subtypes
Schapira DV, Jarrett AR. The need to consider
survival, outcome, and expense when evaluating
and treating patients with unknown primary
carcinoma. Arch Inter Med.1552050-2054, 1995.
86(No Transcript)
87- SAN DIEGO Breast Cancer Symposium
- December 12, 2009
- three studies using the companys breast cancer
molecular test (leader dopinions)
88- http//www.biotheranostics.com/wp-content/uploads/
Test-Requisition-Form-website.pdf - a two-year agreement with Lab21 to commercialize
the bioTheranostics THEROS CancerTYPE ID
89 90Clear objectives
- a strategy focused on patients and pathologies
- Infectious agents clinical and industrial
applications - high medical-value tests oncology, cardiology,
point of care and theragnostics - Strategy that leverages their strenghs
- Bacteriology leadership
- Industry lead sector consolidation
- Molecular biology become the leader on sepsis
and hospital-acquired infections - Immunoassays extend the high medical-value test
menu and strengthen the point of care business - Theranostics become a preferred partner for
pharmaceutical and biotech compagnies
91Good financial results for the third quarter
Sysmex Biomerieux become Sysmexs global
partner for distributing UF-1000i
Acquisition of BTF
Institut Mérieux sells Laboratoire Marcel Mérieux
shares its CEO
AviaraDx acquisition Bad financial results in
USA1
Flu threat
Cepheid Relationship in the development and
commercialization of an innovative line of sepsis
test products
92SWOT
93Future Acquisitions ?
- Biomonitor ?
- Danish biotechnology company leader in thenostics
and combine development of innovative and
proprietary clinical bioassays. - Products iLite ? Products based upon the
gene reporter technology. - Exonhit ?
- A world leader in the exploitation of alternative
RNA splicing. - Is ability to identify genes whose splice
variants produce abnormal proteins can be used to
develop tests for diagnosing diseases at an early
stage.
94Conclusion
Conclusion
95Who wants to work at bioMérieux
Name Opinion
Alban
Emmanuel
Thibaut
Thomas