Senseonics Signs Exclusive Distribution Agreement with Roche

Senseonics Holdings Inc. has signed an exclusive distribution agreement with Roche for the multi-country commercialization of Senseonics’ Eversense Continuous Glucose Monitoring System.
 
Under the terms of the agreement, Senseonics has granted Roche the rights to promote, market, and sell the Eversense product line to diabetes clinics and patients in Germany, Italy and the Netherlands.
 
“We are pleased to have Roche as our partner, and our distribution agreement represents an important step to enable expanded market access to our product,” said Tim Goodnow, CEO and president of Senseonics. “Roche Diabetes Care is a trusted leader with a broad customer base and deep knowledge of the needs of people with diabetes, and is ideally suited to market and commercialize the Eversense CGM System. Together with Roche’s market presence, and sales and support network, we aim to deliver a truly innovative continuous, long-term glucose monitoring solution to millions of people with diabetes.”
 
Senseonics will retain responsibility for product development, regulatory approval, quality management, and manufacturing while Roche will be responsible for sales, marketing, customer support and distribution activities in Germany, Italy and the Netherlands. The distribution agreement may be expanded with additional products and territories in the future.
 
Senseonics Holdings Inc. designs, develops, and commercializes glucose monitoring products. Senseonics’ first generation continuous glucose monitoring system, Eversense, includes a small sensor, smart transmitter and mobile application. Based on fluorescence sensing technology, the sensor is designed to be inserted subcutaneously and communicate with the smart transmitter to wirelessly transmit glucose levels to a mobile device. After insertion, the sensor is designed to continually and accurately measure glucose levels.
 
Roche is the world’s largest biotech company, with differentiated medicines in oncology, immunology, infectious diseases, ophthalmology and diseases of the central nervous system. Roche also develops in-vitro diagnostics and tissue-based cancer diagnostics as well as diabetes management technologies. The company was founded in 1896.  
 
The Roche Group, headquartered in Basel, Switzerland, is active in more than 100 countries and in 2015 employed more than 91,700 people worldwide. In 2015, Roche invested CHF 9.3 billion in R&D and posted sales of CHF 48.1 billion. Genentech, in the United States, is a wholly owned member of the Roche Group. Roche is the majority shareholder in Chugai Pharmaceutical, Japan.
 
Roche Diabetes Care develops blood glucose monitoring systems and diabetes management systems and services. For more than 40 years, the Accu-Chek brand has offered people with diabetes and healthcare professionals products and impactful solutions for convenient, efficient and effective diabetes management, spanning from blood glucose monitoring through information management to insulin delivery. The Accu-Chek brand encompasses blood glucose meters, insulin delivery systems, lancing devices, data management systems and education programs.