"Traditional medicine is the mainstream approach in most healthcare systems and follows a one-size-fits-all approach. Drugs and other therapies are designed and tested on broad populations and are then prescribed using statistical averages. These drugs are used to treat large groups of people with the same disease, like diabetes or cancer, factoring in some variables such as sex, age, or weight, but overall, doctors base your treatment on what’s most likely to work for everyone with a similar illness. However, by not considering each person's genetic makeup, traditional medicine can be imprecise, unpredictable, and ineffective. On average, any given prescription drug now on the market only works for half of those who take it (according to the Jackson Laboratory, an independent, non-profit biomedical research institution).
The necessity of having more precise and effective treatments resulted in the development of a scientific field currently known as “personalized medicine”, which tailors health care to each person’s unique genetic makeup. This is done through what is known as drug compounding, the process of combining, mixing, or altering ingredients to create a medication tailored to the needs of an individual patient. Personalization results in benefits such as reducing side effects, enabling a greater drive towards innovative therapies, and achieving more effective drugs that eliminate trial-and-error inefficiencies that inflate health care costs and undermine patient care. At the same time, it can result in greater accessibility given that compounding can mitigate the rising shortages of different drugs and the discontinuation of previously manufactured drugs. Fagron is not only a pure-play compounding business, but it is the only listed company active in pharmaceutical compounding. Due to its focus on this field and its market leading position, we believe it aligns with our prosperous and healthy people transition theme."