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Bill Taranto

👤 Speaker
527 total appearances

Appearances Over Time

Podcast Appearances

Vanguards of Health Care by Bloomberg Intelligence
Merck’s GHI Fund and the Push to Rewire Pharma's Future

at the time.

Vanguards of Health Care by Bloomberg Intelligence
Merck’s GHI Fund and the Push to Rewire Pharma's Future

And today, Preventus is close to a billion dollar company.

Vanguards of Health Care by Bloomberg Intelligence
Merck’s GHI Fund and the Push to Rewire Pharma's Future

It's one of the biggest successes for Boston Scientific today.

Vanguards of Health Care by Bloomberg Intelligence
Merck’s GHI Fund and the Push to Rewire Pharma's Future

But it shows you how we use private equity to build a company by adding additional components and the gaps that we had.

Vanguards of Health Care by Bloomberg Intelligence
Merck’s GHI Fund and the Push to Rewire Pharma's Future

Back to your first question, some of the different investments that we made that came out.

Vanguards of Health Care by Bloomberg Intelligence
Merck’s GHI Fund and the Push to Rewire Pharma's Future

Probably one of the first ones we did that was pretty successful

Vanguards of Health Care by Bloomberg Intelligence
Merck’s GHI Fund and the Push to Rewire Pharma's Future

was around solving a use case around diabetes management.

Vanguards of Health Care by Bloomberg Intelligence
Merck’s GHI Fund and the Push to Rewire Pharma's Future

And we invested in a company called Livongo, which ended up IPO-ing for $3.5 billion and being sold to Teladoc for $18 billion.

Vanguards of Health Care by Bloomberg Intelligence
Merck’s GHI Fund and the Push to Rewire Pharma's Future

Yeah, we did that with Glenn Tolman.

Vanguards of Health Care by Bloomberg Intelligence
Merck’s GHI Fund and the Push to Rewire Pharma's Future

But that was one of the first big industry sort of use cases around a patient problem that we were trying to solve was how do you manage diabetes on a more global basis and have a fully integrated program where, again, much similar to Preventus.

Vanguards of Health Care by Bloomberg Intelligence
Merck’s GHI Fund and the Push to Rewire Pharma's Future

In fact, what was sort of interesting was

Vanguards of Health Care by Bloomberg Intelligence
Merck’s GHI Fund and the Push to Rewire Pharma's Future

We actually wanted to merge Labanga with Preventus at the time, but Glenn moved a little faster than we did.

Vanguards of Health Care by Bloomberg Intelligence
Merck’s GHI Fund and the Push to Rewire Pharma's Future

They actually IPO before we sold Preventus because then you would have an entire metabolic company.

Vanguards of Health Care by Bloomberg Intelligence
Merck’s GHI Fund and the Push to Rewire Pharma's Future

Imagine having cardiac and diabetes all in one company.

Vanguards of Health Care by Bloomberg Intelligence
Merck’s GHI Fund and the Push to Rewire Pharma's Future

But nonetheless, we built that company in a similar fashion doing acquisitions as well along with Glenn.

Vanguards of Health Care by Bloomberg Intelligence
Merck’s GHI Fund and the Push to Rewire Pharma's Future

And building that to a very successful today.

Vanguards of Health Care by Bloomberg Intelligence
Merck’s GHI Fund and the Push to Rewire Pharma's Future

And what's interesting, it's actually a benefit for us as part of our Merck benefits.

Vanguards of Health Care by Bloomberg Intelligence
Merck’s GHI Fund and the Push to Rewire Pharma's Future

If you're a diabetes patient, you have access then to Livongo as a company benefit.

Vanguards of Health Care by Bloomberg Intelligence
Merck’s GHI Fund and the Push to Rewire Pharma's Future

And that company's just continued to do really well.

Vanguards of Health Care by Bloomberg Intelligence
Merck’s GHI Fund and the Push to Rewire Pharma's Future

And that was kind of the first, I would say, patient use cases that we saw that was very successful when we switched over.