Diomed Developments is a remarkable
healthcare group for many reasons. Unusually for a successful company
in an industry dominated by giant multi-nationals, Diomed remains wedded
to its independence as a private, 'family' controlled firm.
Diomed Developments was founded in London by
a physician in 1963. Originally under the name 'Dermal Laboratories',
the company set out to develop, market and distribute pharmaceutical
products to dermatologists. As the business grew rapidly during the
late 1960s, the company's focus broadened from speciality products
for dermatologists to include prescription products for GPs.
In 1970, the company moved from London to its
present home, a large country house in rural Hertfordshire. Ten years
later, the name 'Diomed Developments' was adopted for the parent company.
Over the last decade, the Diomed group has
also acquired an enviable reputation for creating and launching some
of the UK's most successful OTC (over the counter) brands, including
Ibuleve, Otex and Bazuka - all brand leaders in their sector. This
led to the creation of Diomed Pharmaceuticals in 1998, responsible
for the OTC products and for handling the 'in and out' licensing of
product technology and intellectual properties.
In addition to its capability to research,
develop, license, market and distribute products, the Diomed group
has also acquired its own manufacturing capability - with the acquisition
of Aeropak in 1998.
As a privately owned company, Diomed Developments
has always sought to maintain its own individual ethos; differentiating
itself from the impersonal, monolithic corporations which dominate
the healthcare industry. Diomed is a group which fosters personal
responsibility, innovation and flair. The most productive work is
obtained from a convivial environment where talented people are appreciated
as individuals and their efforts are recognised, encouraged and rewarded.
What's In A Name? The name 'Diomed' was given
to the parent company in 1980, inspired by the racehorse which won
the first Derby two hundred years previously. Like its equine forbear,
today's Diomed is a thoroughbred organisation, in business to succeed.