CHICAGO, May 14, 2024
/PRNewswire/ -- Data infrastructure and analytics company Kalderos,
creator of the world's first Drug Discount Management
platform, today announced the hiring of life sciences legal
professional Daryl Todd as chief
strategy officer.
To download a headshot of Todd, click here.
An experienced senior regulatory attorney, Todd is skilled in
compliance, commercial contracting, and regulatory law with
extensive experience in the pharmaceutical industry. He comes to
Kalderos from Johnson & Johnson, where he served as assistant
general counsel, focused on legal, compliance, and consumer cost
issues. There, he helped create patient-based programs, including
copay, voucher, and innovative free-product programs. He also
structured collaborative arrangements with hospitals and other
healthcare stakeholders.
Todd spent more than a decade serving as a board member of the
Johnson & Johnson Foundation and Johnson & Johnson Patient
Assistance Foundation. At those organizations, he served as lead
attorney and helped develop programs that assisted low-income
patients with access to their prescribed medicines.
As chief strategy officer at Kalderos, Todd will work with Chief
Executive Officer Angie Franks and other team members to
position the company for further growth and solidify its status as
the market leader for drug discount management solutions. A
significant focus will be creating new and innovative ways to
address drug discount challenges with an eye toward driving more
discount value to consumers.
"Daryl's experience with hospitals and drug manufacturers,
besides his meaningful work with patients and doctors, gives us
valuable insights into 340B,
Medicaid, and commercial drug discount programs designed to lower
the price of drugs for consumers," said Franks. "His guidance and
expertise also will inform product development and market
strategies."
Prior to Johnson & Johnson, Todd was senior counsel at
Bristol-Myers Squibb, where he worked with hospitals on direct
commercial agreements and patient assistance programs.
He also worked as a senior associate at law firm McCarter &
English, representing hospitals. Todd earned a law degree from
Rutgers Law School and a bachelor's
degree in American history from the University
of Pennsylvania.
Drug discount and rebate programs have grown in complexity,
raising the risk for all stakeholders involved. This has created a
need for a tech-enabled, automated infrastructure that eases the
compliance burden on stakeholders, builds trust, and reduces
duplicate discounts.
The Kalderos platform uses transparent data to provide a single
source of truth to drug discount stakeholders, enabling discounts
and rebates to be reimbursed accurately and efficiently. From 2017
to 2023, the company identified more than $1
billion in inaccurate discount requests and spared
stakeholders from spending countless human hours on data
reconciliation and compliance activities.
"Kalderos is well-positioned to navigate the changes and
challenges impacting the drug discount ecosystem today," Todd said.
"I look forward to collaborating with my colleagues to develop
successful strategies that will help consumers afford the
prescription drugs they need."
About Kalderos
Kalderos is a data infrastructure and analytics company that
created the world's first Drug Discount Management platform,
simplifying drug discount program compliance for all stakeholders.
The platform applies sophisticated data models and machine learning
to identify and resolve noncompliance, with collaboration-oriented
solutions built for both drug manufacturers and covered entities.
Based in Chicago, Kalderos was founded in 2016 by a team dedicated
to reducing inefficiencies in the U.S. healthcare system,
empowering everyone to focus on the health of people. More
information can be found at www.kalderos.com.
Media contact:
Philip Anast
Amendola (for Kalderos)
panast@acmarketingpr.com
312-576-6990
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SOURCE Kalderos