SOURCE: TraceLink

TraceLink

November 20, 2014 09:00 ET

TraceLink Life Sciences Cloud Exceeds 50,000 Supply Chain Members as January 1, 2015 DSCSA Deadline Approaches

Secure Cloud-Based Platform Is Now Largest Track and Trace Network in Life Sciences Industry

WAKEFIELD, MA--(Marketwired - Nov 20, 2014) - TraceLink Inc., the leader in protecting patient safety and enabling health for global Life Sciences, today announced that its Life Sciences Cloud is now the largest track and trace network serving the Life Sciences industry, having exceeded more than 50,000 connected members across the pharmaceutical supply chain. As pharmaceutical manufacturers, distributors, repackagers, and dispensers seek secure and cost-effective ways to meet new regulations under the U.S. Drug Supply Chain Security Act (DSCSA), the TraceLink Life Sciences Cloud has quickly become the preferred track and trace platform for conducting DSCSA compliant transactions between supply chain trading partners -- and ensuring that critical medicines reach patients the safest, most secure, and most timely manner possible.

"The growth we're experiencing with the TraceLink Life Sciences Cloud is unprecedented. It validates the fact that TraceLink is able to provide the pharmaceutical supply chain with greater connectivity, visibility and traceability of prescription medications than any other platform on the market," said Shabbir Dahod, president and CEO of TraceLink. "This important industry milestone widens our differentiated approach toward serving Life Sciences companies, just like the innovative step we recently took to help any pharmaceutical supply chain business to achieve January 1 DSCSA compliance in just 5 days. It's all part of our unwavering commitment to ensure patient safety, simplify supply chain complexity -- and most importantly, do whatever it takes to put our customers in the best position to thrive and prosper."

The TraceLink Life Sciences Cloud: An Industry-Leading Approach to Track and Trace

Built on the Amazon Web Services global cloud infrastructure as a native cloud based application, the TraceLink Life Science Cloud uses on-demand computing resources and database architectures specifically designed to handle massive sets of track and trace data and network connections in ways that traditional, on premise systems and relational databases cannot. A single connection to the Life Sciences Cloud delivers end-to-end compliance for all DSCSA requirements of the largest pharmaceutical company or the smallest pharmacy across all supplier and trading partner relationships. Once on the Life Sciences Cloud, manufacturers, wholesalers, pharmacies, and even medical practitioners can instantly begin sharing DSCSA compliance documents and data with any trading partner that is already configured on the network.

With the rapid growth of the TraceLink Life Sciences Cloud, pharmaceutical companies and others seeking secure and cost-effective DSCSA solutions typically find that over 90% of the suppliers and trading partners they do business with are already on the network. To learn more about meeting critical DSCSA compliance deadlines or to build a flexible global serialization, track and trace, and reporting platform for China, Brazil and other countries, visit www.tracelink.com.

About TraceLink
TraceLink protects patients, enables health and ensures compliance for companies across the global Life Sciences supply network, including fourteen of the top-20 global pharmaceutical companies. Leading businesses trust the TraceLink Life Sciences Cloud, our Amazon AWS-based cloud application platform, 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. 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 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.

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.

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