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Fresenius Medical Care, the world’s leading provider of products and services for individuals with renal diseases, adopts United Nations (UN) Women’s Empowerment Principles, established by the UN Global Compact and UN Women.
The Women’s Empowerment Principles (WEPs) are a set of seven principles offering guidance to business on how to promote gender equity and women’s empowerment in the workplace, marketplace and community. The WEPs are informed by international labor and human rights standards and grounded in the recognition that businesses have a stake in, and a responsibility for, gender equity and women’s empowerment.
Helen Giza, CEO of Fresenius Medical Care, said: “In signing the UN Women’s Empowerment Principles, Fresenius Medical Care is demonstrating its commitment to supporting women throughout their careers by ensuring they have equitable opportunities in a diverse and inclusive work culture; and supporting women in our business processes and in the communities we serve.”
Today’s announcement is another sign of the Company’s ongoing commitment towards diversity, equity, and inclusion. In 2022, the Company has set itself new gender diversity targets to support the development of female leaders across the company. By 2027, Fresenius Medical Care aims to increase the share of female leaders in the first level below the Management Board to 35%, and the share of female leaders in the second level to 45%. In 2022, the proportion of women in the first two levels below the Management Board was 30%. Moreover, the Company has set itself the goal of increasing the overall representation of women in management positions to reflect the percentage of women in the global employee population by 2030. The new targets were published in its 2022 Non-financial Group Report.
This release contains forward-looking statements that are subject to various risks and uncertainties. Actual results could differ materially from those described in these forward-looking statements due to various factors, including, but not limited to, changes in business, economic and competitive conditions, legal changes, regulatory approvals, impacts related to COVID-19, results of clinical studies, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. These and other risks and uncertainties are detailed in Fresenius Medical Care AG & Co. KGaA’s reports filed with the U.S. Securities and Exchange Commission. Fresenius Medical Care AG & Co. KGaA does not undertake any responsibility to update the forward-looking statements in this release.
Fresenius Medical Care, the world’s leading provider of products and services for individuals with renal diseases, has won the prestigious CIO 100 Award. The Company was recognized for its groundbreaking efforts to develop a tool to predict intradialytic hypotension (IDH) before it occurs in hemodialysis patients. IDH is a frequent complication of long-term hemodialysis that can lead to serious clinical outcomes including death and is difficult to predict.
The Renal Research Institute (RRI), a division of Fresenius Medical Care, and the Company's Digital Technology & Innovation (DTI) team, developed a secure data pipeline that collects real time data from dialysis machines and medical sensors throughout the United States at a high frequency.
The increased data flow allows machine learning and cloud computing to develop a real-time IDH prediction for patients. Clinic teams use the information to specially tailor treatment plans and proactively intervene at the point of care preventing IDH, potentially improving patients’ morbidity and mortality.
“This is a true example of partnership, collaboration, and teamwork, and we are proud that our commitment to bring it to the next level of these exciting technologies will result in a better care experience for our patients, and most importantly, improve quality of life and patient outcomes,” said Franklin W. Maddux, MD, Global Chief Medical Officer and Member of the Board of Fresenius Medical Care.
The CIO 100 Awards celebrates 100 organizations and the teams within them that are using IT in innovative ways to deliver business value, whether by creating competitive advantage, optimizing business processes, enabling growth, or improving relationships with customers. Because it is given to companies and not individuals, it is an acknowledged mark of enterprise excellence.
The Renal Research Institute (RRI) is dedicated to measurably improving outcomes in patients suffering from chronic kidney disease (CKD) through research, technical innovation, implementation of processes and education. RRI strives to achieve its goals through collaboration with national and international academic partners, industry, and not-for-profit organizations operating in the field of kidney disease. RRI fosters its relationship with academic centers of the highest caliber through partnerships. RRI promotes research and education programs with an emphasis on international clinical fellows, scientists, and renal nurses. Through partnerships, RRI is able to enhance the spectrum of comprehensive renal services by advancing peritoneal and hemodialysis therapies through clinical research and the application of practice guidelines and new technology. For more information, visit the Renal Research Institute’s website at www.renalresearch.com.
This release contains forward-looking statements that are subject to various risks and uncertainties. Actual results could differ materially from those described in these forward-looking statements due to various factors, including, but not limited to, changes in business, economic and competitive conditions, legal changes, regulatory approvals, impacts related to COVID-19, results of clinical studies, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. These and other risks and uncertainties are detailed in Fresenius Medical Care AG & Co. KGaA’s reports filed with the U.S. Securities and Exchange Commission. Fresenius Medical Care AG & Co. KGaA does not undertake any responsibility to update the forward-looking statements in this release.
Biological medicines are used to treat a wide range of diseases and medical conditions, including serious diseases such as rheumatoid arthritis and psoriasis, and life-threatening diseases such as cancer. Fresenius Kabi has a long-standing heritage in high-quality pharmaceutical development and is now bringing this expertise to the field of biosimilars to help more patients gain access to modern therapeutic options. Fresenius Kabi's focus here is on the areas of autoimmune diseases and oncology.
A biosimilar is a biological product that is highly similar to another approved biological product, known as "reference product." The biosimilar product is equivalent to the reference product in terms of effectiveness and safety.
Biosimilars offer affordable therapies to a large number of patients. As similar versions of biologic drugs already approved, they make state-of-the-art therapies affordable and accessible to a larger and increasing number of patients. Lower costs increase the uptake of high value biologics and lead to improved patient care. Cost savings can be reinvested in the development of new and innovative therapies.
Already, more than one in three new drug approvals is a biopharmaceutical and this global market, including biosimilars, is expected to grow significantly in the coming years and decades.
Contact
Fresenius Kabi AG
Else-Kröner-Str. 1
61352 Bad Homburg
Germany
T: +49 6172 686-0
communication@fresenius-kabi.com
Consolidated Financial Statements and Management Report (IFRS)
April 19, 2023
Bad Homburg, Germany
The Capital Markets Day of Fresenius Medical Care will take place virtually.
