Proving the Business Case for the Internet of Things

TraceLink introduces track and trace for US pharma supply chain

Iain Morris
May 21, 2014
 
Tracking specialist TraceLink has introduced a new tracing, verification and serialization service for companies in the US pharmaceuticals supply chain.

The service is described by TraceLink (Wakefield, MA, USA) as the industry’s first transaction history management system that is compliant with Drug Supply Chain Security Act (DSCSA) regulations due to come into force in January next year.

“Our customers trust TraceLink to be their partner in understanding and meeting new regulatory compliance requirements like DSCSA regardless of the size of their business or the complexity of their trade network,” said Shabbir Dahod, the president and chief executive of TraceLink.

“In response, we developed a true transaction history management system to help our customers deal with DSCSA regulatory complexity, pharmaceutical trading partner diversity and the need for operational efficiency in a secure compliance environment,” he added. “TraceLink helps take the risk and complexity of DSCSA compliance off our customers' shoulders, enabling them to focus on serving patients not managing systems.”

The DSCSA is due to implement regulations that will govern drug products across all changes in ownership – from the pharmaceutical manufacturer through to the pharmacy dispenser.

TraceLink’s technology uses cloud infrastructure specifically designed for life sciences operations, providing a network that connects pharmaceuticals companies, wholesale distributors and pharmacies.

The company says that a single connection to the cloud service will deliver full DSCSA tracing, verification and serialization compliance, complete connectivity to supply and trading partners and outsourced supply network management for any company – regardless of size or technical capability.

TraceLink says it developed the service following collaboration with dozens of leading companies in the pharmaceutical supply chain.

The company notes that it has already developed track and trace applications for the Chinese, Turkish and Brazilian markets, among others, and that its services are being used by eight of the top 12 pharmaceutical companies in the world, and currently connect more than 47,000 trading partners and endpoints on the global supply network.

It has received financial backing from venture capital firm FirstMark Capital (New York City, NY, USA) in the rollout of its services.
 
 
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