RE: Expectations2 Feb 2024 20:41
I respectfully disagree with Manxiety post about James Cheek and for the record he was a Director whilst working at Cepheid which had revenue of $4.3 Billion in 2022. I think he's the real deal.
James has previously worked for three of the worlds leading diagnostic companies. All the companies below have large American divisions - take your pick. That is:
Cepheid - Revenue for 2022 - $4.3 Billion
Beckman Coulter - Revenue for 2022 - $4.7 Billion
Roache Diagnostics Division - Revenue for 2022 - $17.7 Billion
I was extremely impressed with the new CEO, his strategies for commercialisation, and his vision for the company. Here's why:
- James brings a significant level of commercial and diagnostic experience gleaned from 20 years with Roache, Beckman Coulter, and Cepheid
- He has previously worked at board level in BIDVA where he gained specialist knowledge in NHS supply chain management and procurement procedures - experience which will prove invaluable to GDR
- The company intends to focus solely on pharmacogenetics i.e., specifically in the prevention of the prescription of drugs that produce Adverse Drug Reactions (ADRs) because the infectious diseases market is over saturated at present
- ADRs cost the NHS £2.2B in extra hospital days per year. Overall, pharmacogenetics testing could effect 30% of these cases, which in terms of health economics could save the NHS £660m per year
GLA.
Stephen11.