December 22, 2014
TraceLink Inc., the leader in protecting patient safety and enabling health for global Life Sciences, today announced major enhancements to its Transaction History Portal providing TraceLink customers with unprecedented electronic access to any pharmaceutical supply chain company that needs to receive DSCSA Transaction Information (TI), Transaction History (TH), and Transaction Statement (TS) documents under the U.S. Drug Supply Chain Security Act (DSCSA).
TraceLink customers can currently share DSCSA compliance documents with more than 70,000 supply chain members that are already interconnected on the company’s Life Sciences Cloud platform—and the company has already processed more than 250,000 transactions for customers who are currently live, shipping commercial goods across the US pharmaceutical supply chain with all of the DSCSA compliance documents required for January 1. However, some TraceLink customers will have a critical need to provide DSCSA documents to a broader group of trading partners that have yet to join the TraceLink network. TraceLink’s Transaction History Portal now allows the company’s pharmaceutical manufacturing and distribution customers to connect with any pharmaceutical supplier that is not currently on the Life Sciences Cloud, providing them with the ability to achieve virtually 100% coverage with any business that is part of the US pharmaceutical supply chain.
“In working with customers over the past year, many asked if we could facilitate electronic DSCSA compliance document exchange with supply chain parties that don’t have current connections with our customers through the Life Sciences Cloud—for example, those who have a need to manage drop shipments of pharmaceutical products to dispensers,” said Lucy Deus, vice president of product management at TraceLink. “We’ve responded by creating a simple, secure method where any trading partner may register to view, print and save DSCSA compliance documents placed in the Transaction History Portal by their supplier on the TraceLink network. No other track and trace solution provider is able to offer this level of trading partner connectivity to ensure that every US pharmaceutical company is in the best position to meet next month’s DSCSA deadline.”
Accessing DSCSA Compliance Documents with the TraceLink Transaction History Portal
As part of TraceLink’s SupplyNexus community, where Life Sciences supply chain experts come together to collaborate, share information, and discuss industry best practices, the TraceLink Transaction History Portal further simplifies DSCSA electronic data exchange for any company in the US pharmaceutical supply chain that needs to share compliance documentation with specific trading partners.
When a TraceLink customer sends a drop shipment to a pharmacy or other company that is not on the Life Sciences Cloud, the shipment will also include the Transaction History Portal URL and additional information that the recipient can use to access the required DSCSA compliance documents for that shipment. After completing a simple, one-time registration process to create a TraceLink user account, the receiving trading partner can then use the Transaction History Portal to:
For more information about using the TraceLink Transaction History Portal and other DSCSA compliance solutuons, visit www.tracelink.com.
TraceLink protects patients and enables health for companies across the global Life Sciences supply network through the TraceLink Life Sciences Cloud. The TraceLink Life Sciences Cloud is an Amazon AWS-based cloud application platform which enables complete global connectivity, visibility and traceability of pharmaceuticals from ingredient to patient. A single point and click connection to the Life Sciences Cloud creates a supply chain control tower that delivers the information, insight and collaboration needed to improve performance and reduce risk across global supply, manufacturing and distribution operations. Winner of numerous industry awards including the Amazon AWS Global Start-Up Challenge Grand Prize and the Edison Award for Innovation in Health Management, the TraceLink Life Sciences Cloud is trusted by fourteen of the top-20 pharmaceutical companies and businesses across the globe to meet strategic goals in ensuring global compliance, fighting drug counterfeiting, improving on-time and in-full delivery, protecting product quality and reducing operational cost. For more information on TraceLink and our solutions, visit www.tracelink.com.
TraceLink is funded by FirstMark Capital. FirstMark Capital is an early stage venture capital firm based in New York City. FirstMark’s mission is to partner with exceptional entrepreneurs who are changing the world by solving meaningful problems. FirstMark has built a deeply engaged community among the extraordinary teams in the FirstMark network to spread ideas and opportunities. FirstMark is privileged to work alongside the founders of remarkable businesses like Pinterest, Lumosity, Aereo, TapAd, Shopify, Riot Games, and dozens more. Visit FirstMark in New York City or online at firstmarkcap.com and @FirstMarkCap.