There is a new front in the war on drugs, and it’s not the kind of drugs you might think. We’re not talking about cocaine, heroin or methamphetamines. This is about drugs that could wind up in your medicine cabinet: counterfeit prescription drugs, made with cheaper – sometimes even dangerous – ingredients such as highway paint, floor wax, and boric acid. The medical industry is struggling against counterfeit prescription drugs flourishing not only online, but even in pharmacies and hospitals. Counterfeit prescription drugs can damage drug manufacturers reputation, cause loss in sales, and even worse, endanger the health of the public. Prescription drug coding will protect your product
To bring a more regulated system to the industry, The Drug Quality and Security Act (DQSA), was enacted by Congress on November 27, 2013. Title II of DQSA, the Drug Supply Chain Security Act (DSCSA), outlines steps to build an electronic, interoperable system to identify and trace certain prescription drugs as they are distributed in the United States. This will enhance FDA’s ability to help protect consumers from exposure to drugs that may be counterfeit, stolen, contaminated, or otherwise harmful. The system will also improve detection and removal of potentially dangerous drugs from the drug supply chain to protect U.S. consumers.
At Griffin Rutgers, we can deliver a turnkey solution to meet the complex regulatory requirements of DQSA. What’s more, by using Verinetics’ TraxSecur™ system, we also deliver a higher security than competitive track and trace solutions, protecting your investment in meeting those requirements. TraxSecur™ integrates authentication with serialization, by analogy to how counterfeiting and fraud is deterred from the most valuable of items: currency.
With TraxSecur™ you not only comply with federal regulations, you will enhance the reputation of your brand, and draw attention to your safe practices. TraxSecur™ delivers ROI from tracking, tracing, and authentication by:
- Deterring supply chain frauds
- Increasing the efficiency and effectiveness of fraud detection/enforcement
- Only a mobile phone app is needed, not an expensive and inconvenient reading device
- Increasing supply chain efficiency
- Reducing product returns frauds
- Engaging customers to drive sales
- Increased trust
- More effective marketing/brand loyalty programs
Have you been asked about how blockchain will play in your supply chain management efforts? Our next post will be about enhancing blockchain efficiency by providing a secure data link to the physical world
