Amazon Names TraceLink Life Sciences Cloud as Start-Up Challenge Finalist
TraceLink announced today that the TraceLink Life Sciences Cloud has been named a finalist by Amazon.com in the 6th AWS Start-Up Challenge. TraceLink’s cloud-based application platform, developed to protect life, enable health, ensure compliance and improve profits in global Life Sciences, was selected from over 2,500 global entries based on product capabilities, use of Amazon AWS technology and management team vision.
“Counterfeit drugs threaten the safety of millions of people each year. Eighty percent of medicines are consumed by only 15 percent of the global population while over 2 billion patients lack access to essential medicines. Out-of-stocks have risen 500 percent in the past few years driven by quality issues in outsourced production.” said Shabbir Dahod,
The TraceLink Life Sciences Cloud enables complete global connectivity,
Watch this video where TraceLink's President and CEO Shabbir Dahod and SVP of Product and Cloud Engineering Peter Spellman describe the company's vision and how today's global life science industry challenges and Amazon AWS cloud technologies informed the design of TraceLink's network visibility,
The global collaborative business network created by the TraceLink Life Sciences Cloud helps pharmaceutical companies, CMO/CPO supply partners, wholesale distributors and pharmacies to:
- Ensure global compliance with pharmaceutical track and trace, serialization,
ePedigreeand governmental reporting regulations for the US, European Union, China, India, Turkey and other countries
lifesavingmedicines from drug counterfeiting, theftand diversion
- Reduce the risk of drug shortages with improved supply planning and external quality management
- Improve free cash flow and minimize time to market through greater global supply chain efficiency
- Improve direct-to-patient communication via mobile devices
“The TraceLink Life Sciences Cloud was designed to take full advantage of the AWS platform, giving us the scale and reach we need to serve all participants in the global Life Sciences supply
TraceLink will be presenting its vision of a high performance, transparent pharmaceutical supply chain at the AWS Global Start-Up Challenge Finale Celebration in San Francisco on January 24th.
TraceLink protects life, enables health, ensures compliance and improves profits for companies across the global Life Sciences network through the TraceLink Life Sciences Cloud. The TraceLink Life Sciences Cloud is a cloud-based application platform that enables complete global connectivity, visibility and traceability of pharmaceuticals from raw materials to patient. A single point and click connection to the Life Sciences Cloud delivers the information,
TraceLink is funded by FirstMark Capital. Based in New York City, FirstMark Capital is an early stage venture capital firm investing in visionary entrepreneurs who are creating new markets with innovative technology solutions or fundamentally changing existing markets by applying a fresh approach or new business model. FirstMark partners early in a company’s lifecycle, offering deep industry insight, a broad network of relationships and the operational expertise to build lasting businesses. Select historical investments include Riot Games (Acquired by Tencent); Duck Creek Technologies (Acquired by Accenture); Netgear (NASDAQ: NTGR); Boomi (Acquired by Dell); StubHub (Acquired by eBay); Netegrity (Acquired by CA); OutlookSoft (Acquired by SAP); and Navic Networks (Acquired by Microsoft). Current investments