Rise in Unsuccessful Serialization Implementations Prompts Pharmaceutical Companies to Replace Competitive Offerings with TraceLink Solutions

Rise in Unsuccessful Serialization Implementations Prompts Pharmaceutical Companies to Replace Competitive Offerings with TraceLink Solutions

PR Newswire

NORTH READING, Massachusetts, Sept. 12, 2017

NORTH READING, Massachusetts, Sept. 12, 2017 /PRNewswire/ -- TraceLink Inc., the World's Largest Track and Trace Network for connecting the life sciences supply chain and providing real-time information sharing for better patient outcomes, today announced that a wide range of pharmaceutical companies experiencing unsuccessful lot-level and serialization project implementations are replacing competitive offerings with TraceLink's proven Life Sciences Cloud. Pharmaceutical companies ranging from large global manufacturers to smaller specialty and family-owned businesses cite long implementation delays, gaps in country compliance coverage, repeated unsuccessful validation attempts, and high costs as primary factors leading to the decision to move away from other vendors in order to meet compliance deadlines under the U.S. Drug Supply Chain Security Act (DSCSA), EU Falsified Medicines Directive (FMD) and in other countries.  

"With over 650 global customers connected to 255,000 of their trading partners on our network, TraceLink's proven success is demonstrated time and again through our customers' seamless integrations and rapid serialization implementations. As deadlines approach, our competitors are increasingly challenged to meet serialization requirements, failing their customers on functionality, time, cost and quality," said Shabbir Dahod, president and CEO, TraceLink. "Our track record in delivering a serialization solution with the shortest time to live production at the lowest possible cost, is unsurpassed by any other solution provider in the industry. We have successfully migrated various types and sizes of companies over to TraceLink, at different stages of their serialization projects and encourage any company, large or small, that is frustrated with their current implementation progress, to speak with us – and our customers."

Switching to TraceLink: What's Driving the Decision

Consistently, pharmaceutical companies that have chosen other serialization vendors are encountering significant challenges and unsuccessful results, including the inability to connect and exchange data with trade partners, limited solutions for multiple geographies with regulations, concerns around receiving timely and necessary software updates, unsuccessful validation attempts, and more. Some of the companies that have replaced other vendors' serialization solutions with the TraceLink Life Sciences Cloud include:

To hear first-hand about the factors leading to one pharmaceutical company's decision to replace another vendor's serialization offering with TraceLink, please visit http://bit.ly/2gvuEDh.

About TraceLink
TraceLink is the World's Largest Track and Trace Network for connecting the Life Sciences supply chain and eliminating counterfeit prescription drugs from the global marketplace. Leading businesses trust the TraceLink Life Sciences Cloud to deliver 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. A winner of numerous industry awards including Deloitte's Technology Fast 500 (ranked number 149 in 2016), the Amazon AWS Global Start-Up Challenge Grand Prize, and the Edison Award for Innovation in Health Management, the Life Sciences Cloud is used 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 or follow us on LinkedIn, Twitter and Facebook.

TraceLink is funded by Goldman Sachs, FirstMark Capital, Volition Capital and F-Prime Capital.

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