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Melanocortin Receptor R&D to Target Increasing Prevalence of Obesity-Related Disorders

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FinancialNewsMedia.com News Commentary

PALM BEACH, Fla, Oct. 19, 2023 /PRNewswire/ — The Melanocortin Receptor 4 (MC4R) is a protein-coupled receptor primarily expressed in the central nervous system, playing a pivotal role in regulating energy balance and food intake. As a Consultant or Industry expert, it is crucial to understand the significance of MC4R within the context of market trends and potentials. The market for MC4R has been witnessing steady growth owing to advancements in research and an increasing understanding of its role in metabolic disorders such as obesity and diabetes. This has driven research and development activities, leading to the development of novel therapeutics targeting MC4R. The expanding MC4R market offers promising opportunities for pharmaceutical companies, and it is crucial for industry leaders to closely monitor and capitalize on this growth through strategic investments and innovations. A report from Reliable Business Insights projected that the Melanocortin Receptor 4 market is expected to see strong growth over the forecast period from 2023 to 2030, with a CAGR of 11.9%.  The report said: “The Melanocortin Receptor 4 market has been growing rapidly in recent years, driven by increasing demand for Melanocortin Receptor 4-related products and services. The growth of the Melanocortin Receptor 4 market is driven by factors such as technological advancements, increasing adoption of Melanocortin Receptor 4 in various industries, and growing awareness about the benefits of Melanocortin Receptor 4.”  Active Biotech Companies active today in markets include:  Palatin Technologies, Inc. (NYSE: PTN), Rhythm Pharmaceuticals, Inc. (NASDAQ: RYTM), Viking Therapeutics, Inc. (NASDAQ: VKTX), Structure Therapeutics Inc. (NASDAQ: GPCR), Novo Nordisk A/S (NYSE: NVO).

It continued: “The melanocortin receptor 4 (MC4R) market is expected to witness significant growth across various regions, namely North America (NA), Asia Pacific (APAC), Europe, the United States of America (USA), and China. North America, with its well-established healthcare infrastructure and increasing prevalence of obesity-related disorders, is anticipated to dominate the market. The region is projected to hold a substantial market share percent valuation due to the rising obese population and the growing awareness about weight management and related treatments. Similarly, the APAC region, with its surging disposable income, changing lifestyle patterns, and increasing prevalence of obesity, is expected to experience rapid growth in the MC4R market. Europe, USA, and China are also anticipated to witness significant market expansions due to the rising focus on the development of innovative therapeutics targeting MC4R.”

Palatin Technologies, Inc. (NYSE American: PTN) BREAKING NEWS:  Palatin Announces Positive Preclinical Data Showing Synergistic Weight Loss; Initiating Clinical Study of Melanocortin 4 Receptor Agonist + GLP-1 in Obese Patients

– Positive data with Palatin’s melanocortin-4 receptor (MC4R) agonist plus glucagon like peptide-1 (GLP-1) presented at the Peptide Therapeutics Symposium

– GLP-1 & MC4R agonist co-administration data shows increased weight loss and greater glucose control above monotherapy

– Preclinical data and prior clinical studies support the further clinical development and commercial potential of Palatin’s melanocortin agonists for obesity

– Clinical study currently expected to start 1Q calendar year 2024

Palatin Technologies, Inc., a biopharmaceutical company developing first-in-class medicines based on molecules that modulate the activity of the melanocortin receptor system, today announced plans to initiate a clinical study of melanocortin 4 receptor (MC4R) agonist, bremelanotide, an FDA approved product and 100% owned by Palatin, in combination with a Glucagon Like Peptide-1 (GLP-1) agonist, in obese patients in the first quarter of calendar year 2024.  In addition, Palatin announced a poster presentation of preclinical data, entitled Melanocortin receptor 4 agonist PL8905 in Combination with Glucagon Like Peptide-1 Produces Synergistic Weight Loss, Reduced Food Intake, and Greater Glucose Control in Diet-Induced Obese (DIO) Rats (Dodd et al.) at the Peptide Therapeutics Symposium, October 16-17, 2023 in La Jolla, CA.

GLP-1 agonists are currently the standard of care treatment for obesity. However, real-world use data shows that more than two-thirds (68%) of obese patients discontinue use in the first year. Side effects, especially at higher dose levels and a plateau effect, contribute to the high discontinuation rate. Palatin’s innovative approach aims to address these issues by improving treatment adherence and promoting consistent long term weight loss through combination therapy. By co-administering an MC4R agonist with a GLP-1 agonist, Palatin anticipates achieving significant weight loss at lower doses, with improved tolerability. Combination drug therapy will be a key part of improving the overall health and quality of life for obese patients.

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“With the increased use of FDA-approved GLP-1 agonists for treating obesity there is an unmet need for treatments with alternative mechanisms of action that will help obese patients meet and maintain their weight loss objectives. We believe the MC4R agonist is the best validated mechanism for adjunctive therapy with GLP-1 agonists and weight loss maintenance,” said Carl Spana, Ph.D., President and CEO of Palatin. “With our extensive experience in obesity research, a portfolio of novel selective MC4R agonists, and access to bremelanotide, an FDA approved MC4R agonist, we are well positioned to advance an MC4R agonist as a potentially effective and safe treatment for obesity.”

The Peptide Therapeutics Symposium poster presented data evaluating the selective MCR4 agonist PL8905 from preclinical studies in which diet-induced obese animals were treated for 5 days with vehicle control, subcutaneous PL8905 alone and in combination with continuous infusion of a GLP-1 agonist.  CONTINUED… Read these full Press Releases for Palatin Technologies at:  https://palatin.com/investors/press-releases/ 

In other active biotech developments in the markets this week: 

Rhythm Pharmaceuticals, Inc. (NASDAQ: RYTM), a commercial-stage biopharmaceutical company focused on transforming the lives of patients and their families living with hyperphagia and severe obesity caused by rare melanocortin-4 receptor (MC4R) pathway diseases, recently announced several data presentations showing that setmelanotide therapy resulted in sustained and deepened weight loss in patients with severe obesity caused by rare MC4R pathway diseases during The Obesity Society’s Annual Meeting at ObesityWeek®.  Rhythm and its collaborators delivered a total of six presentations at the conference in Dallas from October 14 to 17.

“We are excited to highlight the data showing meaningful, long-term benefits of setmelanotide in patients living with hyperphagia and severe obesity caused by rare MC4R pathway diseases at ObesityWeek,” said David Meeker, M.D., Chair, President and Chief Executive Officer of Rhythm. “We believe the one-year BMI reduction of more than 25% in patients with hypothalamic obesity – where individuals trended towards normal body weight – is particularly encouraging as it shows continued improvement over our previously reported 16-week and six-month data. The hypothalamic obesity data affirm our confidence as we advance our pivotal, Phase 3 trial and work to bring setmelanotide to patients and families facing this challenging disease for which there are no approved, effective therapies.”

Viking Therapeutics, Inc. (NASDAQ: VKTX), a clinical-stage biopharmaceutical company focused on the development of novel therapies for metabolic and endocrine disorders, recently announced that data from the company’s Phase 1 single ascending dose (SAD) and multiple ascending dose (MAD) clinical trial of VK2735 will be highlighted as part of an oral presentation at ObesityWeek 2023, the annual meeting of The Obesity Society. VK2735 is a novel dual agonist of the glucagon-like peptide 1 (GLP-1) and glucose-dependent insulinotropic polypeptide (GIP) receptors in development for the potential treatment of various metabolic disorders such as obesity. ObesityWeek 2023 was held on October 14-17, 2023, at the Kay Bailey Hutchison Convention Center in Dallas, Texas.

The oral presentation provided an overview of previously reported results from Viking’s Phase 1 SAD/MAD study of VK2735 in healthy volunteers with a BMI ≥30.  In addition, new findings related to the impact of VK2735 on subjects’ liver fat content and plasma lipid levels were reported. 

Activation of the glucagon-like peptide 1 (GLP-1) receptor has been shown to decrease glucose, reduce appetite, lower body weight, and improve insulin sensitivity in patients with type 2 diabetes, obesity, or both. Semaglutide is a GLP-1 receptor agonist that has been approved by the U.S. Food and Drug Administration and is currently marketed in various dosage strengths and forms as Ozempic®, Rybelsus®, and Wegovy®. More recently, research efforts have explored the potential co-activation of the glucose-dependent insulinotropic peptide (GIP) receptor as a means of enhancing the therapeutic benefits of GLP-1 receptor activation. Tirzepatide is a dual GLP-1/GIP receptor agonist that is currently in clinical development for obesity.

Structure Therapeutics Inc. (NASDAQ: GPCR), a clinical-stage global biopharmaceutical company developing novel oral small molecule therapeutics for metabolic and cardiopulmonary diseases, recently announced positive results from the Phase 1b multiple ascending dose (MAD) study of its highly selective oral GLP-1 receptor agonist, GSBR-1290, in healthy overweight or obese individuals. In the 28-day study, GSBR-1290 demonstrated significant weight loss supporting once-daily (QD) dosing and an encouraging safety and tolerability profile.

“These positive Phase 1b results support GSBR-1290 as a promising, differentiated oral GLP-1 receptor agonist with once-daily dosing,” said Raymond Stevens, Ph.D., Founder and CEO of Structure. “GSBR-1290 demonstrated an encouraging safety and tolerability profile with no adverse event-related discontinuations and we are encouraged by the weight loss observed following four weeks of treatment.

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Novo Nordisk A/S (NYSE: NVO) commentary:  In an YahooFINANCE article, a report from Goldman Sachs predicts that the total addressable market globally for weight loss drugs could reach $100 billion dollars in sales by 2030. The current market is estimated to be at $6 billion globally. Weight management medications like Novo Nordisk’s Ozempic (NYSE: NVO) have caught the attention of consumers and investors alike recently, as analysts have called into question the medication’s affect on regular and fast food sales in stores like Walmart (WMT).

DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third- party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM was compensated twenty six hundred dollars for news coverage of current press release issued by Palatin Technologies, Inc. by a non-affiliated third party.   FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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HPOS10I Lands on ByVotes to Get Community Backing for Bybit Listing

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DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, unveiled a new candidate for a potential Bybit Spot listing via ByVotes, HPOS10I (HarryPotterObamaSonic10Inu). Voting is now open for Bybit users with an opportunity to divide a prize pool of 1,800,000 HPOS10I.

From now to Nov. 29, 8AM UTC, supporters of HPOS10I may cast their votes for the project in two simple steps: deposit eligible assets into their Bybit account to produce a holdings snapshot, and head over to ByVotes to cast their votes. With sufficient votes from the community, the project will be listed on Bybit Spot, and the voters will receive a share of the airdrop from HPOS10I.

The iconic memecoin was the first of its kind to fuse the realm of fantasy and the chaotic lure of crypto, leaving its mark in crypto history since its launch in May 2023. It is known for its vibrant community, the Sproto Gremlins, an NFT collection of 3,333 exclusive unique manifestations of HPOS10I’s egregore. 

Bybit has recently revamped ByVotes to raise the bar for listing requirements and yield more power to the community. Users now have more control over the number of votes they get by increasing holdings or by referrals, while unlocking more earning potentials from project listings.

The new mechanism enhanced both project quality and community engagements. A variety of tokens have achieved 100% listing odds via ByVotes, including CHILLGUY, LUCE, and NEIROCTO, among others. Multiple projects featured exclusive airdrops for the community that helped them become listed on Bybit Spot. 

ByVotes provides an arena for niche projects where participants stand to be rewarded from various prize pools if the projects they vote for succeed in getting listed status on Bybit Spot: ByVotes Spot.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: [email protected]

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Mobile Wallet and Payment Market Skyrockets to $71.28 Billion by 2031 Dominated by Tech Giants – Paytm E-Commerce Pvt Ltd, Telefonaktiebolaget LM Ericsson and Early Warning Services, LLC | The Insight Partners

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The global mobile wallet and payment market is set for explosive growth, with projections indicating a surge to $71.28 billion by 2031. This remarkable expansion, driven by increase in demand for multi-currency mobile wallets and growing demand for contactless payment solutions.

NEW YORK, Nov. 27, 2024 /PRNewswire/ — According to a new comprehensive report from The Insight Partners, the global Mobile Wallet and Payment market is observing significant growth owing to the demand for multi-currency mobile wallets. Remitting money from one home country to another can be a time-consuming operation owing to the varied conversion rates, high remittance fees, and related taxes. A multi-currency wallet allows businesses to pay, receive, and save various currencies in a single digital wallet rather than maintaining separate accounts for each international currency. The multi-currency digital wallet eases overseas payments and currency conversions. Moreover, the multi-currency wallet provides various guaranteed benefits for cross-border payments. 

For Detailed Market Insights, Visit: https://www.theinsightpartners.com/reports/mobile-wallet-and-payment-market

The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the mobile wallet and payment market comprises a vast array of components that are expected to register strength during the coming years.

Market Overview and Growth Trajectory:

Mobile Wallet and Payment Market Growth: According to an exhaustive report by The Insight Partners, the Mobile Wallet and Payment Market is experiencing significant growth, driven by increasing government initiatives for adoption of mobile wallet and payment solutions and expansion of e-commerce industry. The market, valued at $10.28 billion in 2023, is expected to grow at a Compound Annual Growth Rate (CAGR) of 27.4% during 2023–2031.

For More Information and To Stay Updated on The Latest Developments in The Mobile Wallet and Payment Market, Download The Sample Pages: https://www.theinsightpartners.com/sample/TIPTE100000231/

The global mobile wallet and payment market is observing substantial growth and is expected to maintain its upward trajectory in the foreseeable future. This growth can be accredited to numerous factors. Firstly, contactless payment adoption has risen dramatically across the globe, as it eliminates consumers’ need to carry cash while making purchases. Digital payments, which include near-field communication (NFC) and QR code-based transactions, are becoming more popular. Consumers are highly preferring contactless payment solutions for speeding financial transactions. The demand for a quick, safe, and clean payment method, particularly in the post-pandemic era, has accelerated the use of contactless technology. This has transformed the checkout experience in both physical and digital stores, making faster and more convenient transactions.

Increasing Government Initiatives for Adoption of Mobile Wallet and Payment Solutions: Mobile wallet and payment solutions are critical for consumers and businesses, as they increase accessibility, improve security, reduce transactional costs, and make payments faster. Increasing technological advancements, rising consumer demand for two-factor authentication (2FA) security, and other factors are boosting the demand for mobile wallets and payment solutions. This also encourages government bodies to take initiatives to support the adoption of mobile wallets and payment solutions in order to secure their business from financial risks. For instance, the DigiDhan Mission, established under the Ministry of Electronics and Information Technology (MeitY) in India, aims to promote a cashless economy and provide a smooth digital payment experience for all citizens.

Expansion of E-Commerce Industry: The rise in the e-commerce business and consumers’ preference for online shopping has increased the adoption of mobile wallets and payment solutions for making quick payments. In May 2024, The Census Bureau of the Department of Commerce revealed that the estimate of the US retail e-commerce sales for the first quarter of 2024 was US$ 289.2 billion due to the seasonal variation adjustments and not price change. This represents a 2.1% (±0.7%) rise from the fourth quarter of 2023. Retail sales in the first quarter of 2024 stood at US$ 1,820.0 billion, with a fall of 0.1 % (±0.4%) from the fourth quarter of 2023. In the first quarter of 2024, e-commerce expanded by 8.6% (±1.1%) compared with the first quarter of 2023. Total retail sales were increased by 1.5% (±0.5%). In the first quarter of 2024, e-commerce sales made up 15.9% of the total sales.

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Stay Updated on The Latest Mobile Wallet and Payment Market Trends: https://www.theinsightpartners.com/sample/TIPTE100000231/

Emergence of Real-Time Payments in Developing Nations: Efficient and secure ways to make transactions are increasing the demand for real-time payments (RTPs). These technologies have made payments more convenient, quick, and secure, as well as eliminating the need for cash or cheques. The acceptance of RTPs has enabled rapid payment between businesses and organizations. Users can initiate payments at a minimal or no cost using a mobile number or QR code, eliminating the necessity for bank account details. Countries, including Kenya, Mexico, Brazil, and Sweden, are increasingly demanding mobile wallets and payment solutions to conduct transactions in real-time. The usage of mobile devices has been one of the most significant advances in real-time payment systems. With the growth of smartphones and mobile payments, consumers can easily send and receive payments on the go, eliminating the need for a computer or physical card reader.

Geographical Insights: In 2023, North America led the market with a substantial revenue share, followed by APAC and Europe. APAC is expected to register the highest CAGR during the forecast period.

Mobile Wallet and Payment Market Segmentation, Applications, Geographical Insights:

  • Based on type, the mobile wallet and payment market is bifurcated into remote and proximity. The proximity segment held the largest share of the Mobile Wallet and Payment market in 2023
  • In terms of technology, the market is divided into near-field communication, QR code, text-based, and others. The QR code segment held the largest share of the Mobile Wallet and Payment market in 2023.
  • By end user, the mobile wallet and payment market is segmented into personal and business. The personal segment held the largest share of the Mobile Wallet and Payment market in 2023.
  • The mobile wallet and payment market is segmented into five major regions: North America, Europe, APAC, Middle East and Africa, and South and Central America.

Purchase Premium Copy of Global Mobile Wallet and Payment Market Size and Growth Report (2023-2031) at: https://www.theinsightpartners.com/buy/TIPTE100000231/

Key Players and Competitive Landscape:

The Mobile Wallet and Payment Market is characterized by the presence of several major players, including:

  • Paytm E-Commerce Pvt Ltd
  • Telefonaktiebolaget LM Ericsson
  • Early Warning Services, LLC
  • PayU
  • One MobiKwik Systems Limited
  • Apple Inc
  • Alphabet Inc
  • AT&T Inc
  • Paypal Holdings Inc
  • Samsung Electronics Co Ltd
  • Mastercard Inc
  • Fitbit LLC
  • American Express
  • Visa Inc
  • FIS Global
  • Alipay
  • Bharti Airtel
  • SoftwareGroup
  • PhonePe
  • ACI Worldwide Inc.

These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market.

For Region-Specific Market Data, Check Out Brief Sample Pages: https://www.theinsightpartners.com/sample/TIPTE100000231/

Mobile Wallet and Payment Market Recent Developments and Innovations:

  • “PhonePe announced that it has enabled UPI payment acceptance in collaboration with LankaPay across LankaQR merchant points at a grand event held in Colombo.”
  • “Zeepay, the fastest-growing wholly Ghanaian-owned fintech in Ghana, introduced new digital financial solutions in partnership with Software Group, a global financial technology provider, to scale its business and accelerate financial inclusion.”
  • “Mobily (a leading digital partner of the international technical conference LEAP 23) announced the launch of Mobily Pay during LEAP 23 in partnership with Ericsson in the Kingdom of Saudi Arabia (KSA). Mobile Pay is a mobile financial service that is available to all the users in the Kingdom to conduct personalized financial services such as contactless payments, money transfers, international remittance, digital card payments, cash-back, bill payments, mobile top-up, and more, secure and at their convenience.”

Mobile Wallet and Payment Market Drivers, Challenges, Future Outlook and Opportunities:

According to Primer, debit card usage in the UK exceeds the usage levels in any other European country; ~90% of the population in the country owns Visa or Mastercard cards, which are instrumental in enabling digital transactions. Alternative payment methods also hold considerable importance in the country. Merchants in the UK are required to provide mobile wallet options, particularly Apple Pay and Google Pay, to manage their widespread operations. BNPL services are also well-received, with 36% of adults utilizing BNPL at least once in one year. While open banking payments are gaining traction, they currently represent a small portion of overall payment volumes.

For In-Depth Market Forecasts and Analysis, Request PDF Brochure: https://www.theinsightpartners.com/sample/TIPTE100000231/

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Mobile wallets are the second most favored online payment option among consumers in France. Global companies such as Google Pay, Apple Pay, and PayPal operate alongside France-based service providers such as Lyf, Lydia, and PayLib. PayLib is one of the most popular digital wallets in the country because of its integration with Cartes Bancaires. According to Pay.com, approximately 38% of online purchases made in France were paid for using a digital gadget in 2023. Various options available for French consumers for making payments using phones and watches include Amazon Pay, digital wallet brands such as Lyf, bank-specific apps, and mobile-only payment solutions such as Revolut and Monese.

Conclusion:

Multi-currency wallets provide enhanced security features and multiple authentication methods to protect account information and funds. It helps make secured overseas transfers and currency exchange. Consumers can switch currencies, pay bills, and create transactions in multiple currencies without managing multiple accounts. Multi-currency wallet allows consumers to make smooth cross-border payments with one tap. Multi-currency wallets allow consumers to swap currencies without the stress of foreign exchange. This enables consumers to carry any currency for all their foreign transactions without difficulties. Multi-currency wallets help in reducing international transaction expenses by eliminating currency translation fees. Furthermore, foreign transfers with banks incur additional prices and hidden fees; however, with a multi-currency wallet, consumers no longer have to bother with these unneeded costs. Therefore, multi-currency mobile wallets allow businesses to ensure that there are no issues with promoting and distributing products and services worldwide. They also support businesses in enhancing customer experiences.

Need A Diverse Region or Sector? Customize Research to Suit Your Requirement: https://www.theinsightpartners.com/inquiry/TIPTE100000231/

With projected growth to $71.28 Billion by 2031, the Mobile Wallet and Payment Market represents a significant opportunity for component providers, system technology integrators, system manufacturers, investors, industry stakeholders, end users and others. By staying abreast of market trends, embracing innovation, and focusing on quality and performance, companies can position themselves for success in this dynamic and evolving market landscape.

Related Report Titles:

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Ankit Mathur
E-mail: [email protected]
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/mobile-wallet-and-payment-market

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Verlingue consolidates its position in Europe with the acquisition of ProConseils Solutions

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QUIMPER, France, Nov. 27, 2024 /PRNewswire/ — The insurance broker Verlingue, a subsidiary of the Adelaïde Group, announces its acquisition of ProConseils Solutions, a major player in the insurance brokerage market in French-speaking Switzerland. This strategic operation will enable Verlingue to strengthen its position in the Swiss market by broadening its range of services and expertise in the field of insurance coverage for businesses, local authorities and medico-social establishments.

ProConseils Solutions was founded in 2003 and is known for its personalised client approach and commitment to quality. With a staff of almost 25 employees based in three offices in the Canton of Vaud, ProConseils Solutions works with more than 1,500 companies, nearly 150 local authorities and 30 medico-social establishments, providing them with optimised solutions for managing their insurance coverage.

This acquisition is fully aligned with Verlingue’s Better Future 28 strategic plan, which aims to reinforce the company’s presence in Europe and expand the territorial coverage of its business, based on an ambitious project bringing together local businesses with a shared vision.

Benjamin Verlingue, Chairman and CEO of the Adelaïde Group, explains that:

“The acquisition of ProConseils Solutions marks an important step in our growth strategy in Switzerland and Europe.  We share strong values with ProConseils Solutions, notably close relations with our customers and service excellence. Joining forces will enable us to provide all our customers – whether in Switzerland or in the other countries in which we operate – an even broader range of expertise and solutions that are increasingly tailored to their needs.”

Alain Bornand and Joseph Gelsomino, co-Founders of ProConseils Solutions, add:

“Becoming part of Verlingue and the Adelaïde Group, is a real opportunity for our customers and our staff. We will be able to provide even better services and draw on the Group’s technical expertise and international dimension. It will also enable us to continue to develop ProConseils Solutions in French-speaking Switzerland, both through our existing teams and through possible acquisitions. ProConseils Solutions is entering a new phase in its evolution and we are looking forward to sharing this with our customers, partners and staff.”

With this acquisition, Verlingue will help the Adelaïde Group achieve its objective of becoming the leading family-owned insurance broker in Europe by 2028.

About Verlingue

Verlingue is an insurance broker specialising in business protection, and a subsidiary of the Adelaïde Group. Working alongside entrepreneurs, Verlingue’s goal is to harness corporate risk management and employee protection to drive its customers’ value creation and performance.  With offices in France, Portugal, Switzerland, the United Kingdom and Italy, and through partners in over 100 countries, Verlingue works with its customers over the long term and at every instant to better understand and plan ahead for new risks and develop simple yet effective solutions to protect their business (corporate risk) and staff (supplementary social protection schemes and pensions).

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1,500 employees, 550 of whom are based outside France

Operating out of 5 countries in Europe

LinkedIn / www.verlingue.fr

Media Contact: 
Agence Epoka – Lucie Fortin[email protected] – +33 (0)6 19 68 70 18

About ProConseils Solutions

ProConseils Solutions is an insurance broker that specialises in providing insurance advice and coverage to local authorities, socio-medical establishments and SMEs. Our team has extensive expertise, based on nationally-recognised higher occupational training, supported by many years’ experience in the field. With local offices in Morges, Yverdon-les-Bains and Payerne, we are close to our customers. Respect, competency, high standards and team spirit are the values that underpin our corporate charter.

Media contact for ProConseils Solutions and Verlingue Switzerland:
Verlingue SA – Nicole Maissen – Marketing & Communications Manager – [email protected] – Telephone +41 58 414 45 20

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