May 16, 2014
TraceLink Inc., the leader in pharmaceutical serialization, track and trace and supply network towers for global Life Sciences, announced today the release of TraceLink Life Sciences Cloud version 5.0 with Product Track, the industry’s first Transaction History Management System for end-to-end Drug Supply Chain Security Act (DSCSA) compliance starting on January 1, 2015. Product Track delivers a complete DSCSA Tracing, Verification and Serialization solution for the unique requirements of all companies across the pharmaceutical supply chain, including flexible HDMA ASN, GS1 EPCIS and secure web portal data exchange.
“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, President and CEO 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. TraceLink helps take the risk and complexity of DSCSA compliance off our customers’ shoulders, enabling them to focus on serving patients not managing systems.”
DSCSA, Title II of the Drug Quality and Security Act, implements new regulations governing drug products across all changes of ownership from pharmaceutical manufacturer to pharmacy dispenser. DSCSA regulations require:
The Life Sciences Cloud, the only secure, validated cloud solution designed for Life Sciences operations, provides a highly connected network linking pharmaceutical companies, CMO/CPOs, 3PLs, wholesale distributors and pharmacies that is tailor-made for fast, secure DSCSA compliance. A single connection to the TraceLink Life Sciences Cloud delivers: (1) full DSCSA Tracing, Verification and Serialization compliance, (2) complete connectivity to all supply and trading partners and (3) comprehensive outsourced supply network management for any company regardless of size or technical capability.
TraceLink Product Track for DSCSA Compliance
Informed by close collaboration with dozens of leading companies in the pharmaceutical supply chain, TraceLink leveraged over a decade of experience delivering life science compliance solutions to create Product Track, TraceLink’s Transaction History Management System on the Life Sciences Cloud. Key benefits for all companies include:
TraceLink’s DSCSA compliance solutions join TraceLink’s global track and trace applications for China, Turkey, Brazil and other countries that are trusted by eight of the top 12 pharmaceutical companies and connect over 47,000 trading partners and endpoints on the global supply network.
Learn more about TraceLink’s pharmaceutical track and trace solutions and supply network tower applications at www.tracelink.com.
TraceLink protects patients, enables health, grows profits and ensures compliance for companies across the global Life Sciences network through the TraceLink Life Sciences Cloud. The TraceLink Life Sciences Cloud is an Amazon AWS-based cloud application platform enabling complete global connectivity, visibility and traceability of pharmaceuticals from ingredient to patient. A single point and click connection to the Life Sciences Cloud 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 relied upon by 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.