Germany's WOM (World of Medicine) prepares for return to Berlin
This article was originally published in Clinica
Executive Summary
German listed company World of Medicine (WOM) will propose to move its headquarters back to Berlin at its AGM in June, after six years of being based in Ludwigstadt/Oberfranken, in Bavaria. Under CEO Peter Wiest, the company transferred to the southern town in 2001, at the time of its IPO, but it now wants to return to its roots to benefit from proximity to its customers, universities and R&D institutes, and to be nearer to the political decision-making. Berlin houses an estimated 80 medtech companies and 70 clinics, along with its four universities and seven technical high schools.