TraceLink Wins Edison Innovation Award for Health Management
TraceLink announced today that the TraceLink Life Sciences Cloud has been named a 2013 Edison Award winner for innovation by the internationally renowned Edison Awards™. TraceLink was named a bronze winner for innovative solutions in health management at the April 25th Edison Awards ceremony. The distinguished awards symbolize the persistence and excellence personified by Thomas Alva Edison, inspiring creative minds to remain in the forefront of innovation, creativity and ingenuity in the global economy.
“Protecting patients from counterfeit drugs and ensuring their access to safe, quality medicines, everywhere on the globe, is our core mission,” said Shabbir Dahod, President and CEO of TraceLink. “We are honored that the Edison Awards recognized our innovation in building a secure application platform connecting every global supply network participant, from ingredient producer to patient, through a single point-and-click connection in the cloud.”
“Our judges recognized the TraceLink Life Sciences Cloud as a true innovation out of the many products in its category,” said Frank Bonafilia, executive director of the Edison Awards. TraceLink joins previous Edison winners such as Apple, GE Healthcare, SpaceX and other visionaries who are changing business and society.
This innovative spirit and passion for protecting pharmaceutical integrity and improving pharmaceutical supply network performance are two of the key reasons why four of the top-10 global pharmaceutical companies use the TraceLink Life Sciences Cloud, TraceLink’s Amazon AWS-based cloud application platform. Hear more in this video
The TraceLink Life Sciences Cloud’s pharmaceutical track and trace solutions and supply chain collaboration applications help pharmaceutical companies and their supply network partners connect, share data and collaborate to:
- Comply with pharmaceutical serialization, ePedigree and reporting requirements for California ePedigree, China eCoding, Argentina ANMAT traceability and other track and trace mandates
- Protect patients from drug counterfeiting and diversion incidents threatening medicines like Avastin that kill over 100,000 people a year globally
- Manage the Big Data challenge arising from billions of uniquely serialized drug products produced and distributed each year across thousands of supply chain relationships
- Eliminate drug shortages for medicines like Doxil that have grown over 500 percent in recent years
- Access and protect the $165 billion in new revenue growth available in Pharmerging markets
- Build direct-to-patient communication through Apple iPhone and Google Android mobile devices
TraceLink enables the largest pharmaceutical company running SAP ERP and the smallest CMO supply partner using Microsoft Excel to build a globally collaborative and compliant supply network at 1/20th of the cost and time of traditional enterprise applications and point-to-point integration approaches.
Being recognized with an Edison Award has become one of the highest accolades a company can receive in the name of innovation and business. The awards are named after Thomas Alva Edison (1847-1931) whose inventions, new product development methods and innovative achievements literally changed the world, garnered him 1,093 U.S. patents, and made him a household name around the world.
The ballot of nominees for the Edison Awards is judged by more than 3,000 senior business executives and academics from across the nation whose votes acknowledge the winners success in meeting the award criteria of Concept, Value, Delivery and Impact. The Panel includes members of the Marketing Executives Networking Group (MENG), the American Association Advertising Agencies (4As) the Chief Marketing Officer Council (CMO), the Design Management Institute (DMI), the American Productivity & Quality Center (APQC) the American Society of Mechanical Engineers (ASME) and the Association of Technology Management & Applied Engineering (ATMAE). Also on the Panel are hundreds of past Edison Award winners, marketing professionals, scientists, designers, engineers and academics.
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 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, insight and collaboration needed to improve performance and reduce risk across global supply, manufacturing and distribution operations. Businesses across the globe rely on the TraceLink Life Sciences Cloud to meet strategic goals in ensuring global compliance, 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. 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 include: Pinterest, Knewton, Aereo, SecondMarket, Shopify and Lumosity. For more information, visit: www.firstmarkcap.com.
About the Edison Awards™
The Edison Awards is a program conducted by Edison Universe, a non-profit, 501(c)(3) organization dedicated to fostering future innovators. The Awards have been recognizing and honoring the best in innovations and innovators since 1987. They honor game-changing innovations that are at the forefront of new product and service development, marketing and human-centered design, and are one of the highest accolades a company can receive in the name of successful innovation. For more information about the Edison Awards complete program and a list of past winners, visit www.edisonawards.com.