Unisys launches pharma tracker to help combat fraud and theft
25 / 05 / 2017
Unisys has launched its PharmaTrack software that combines "leading security, advanced data analytics and compliance technology in a single, unified platform".
The global IT firm says that the software will provide life sciences and healthcare companies "enhanced visibility and oversight" of the entire global pharmaceutical supply chain and so help combat theft and counterfeit drugs.
This latest addition to the company's ActiveInsights suite arose from "an overlap of industry needs between two industries" in which Unisys has "deep domain expertise": life sciences and healthcare, and travel and transportation.
Jeff Livingstone, vice president and global head, life sciences and healthcare, Unisys, said: “When we starting talking to people involved in pharmaceutical supply chain management, we quickly realised that Unisys already had developed the technologies in other industries required to address longstanding problems in pharmaceuticals.
“We then started right away to work with the Unisys travel & transportation group and other teams to successfully adapt their technologies for our life sciences clients.”
According to the World Health Organization, dangerous counterfeit drugs make up more than 10% of the drug market worldwide. In addition, supply chain theft and materials erroneously compromised by poor environmental quality controls can cost manufacturers billions of dollars annually and likewise put their patients at risk.
Unisys said in a statement: "PharmaTrack helps secure the supply chain by leveraging Unisys’ leading cross-platform analytics to identify and pre-empt fraudulent activity, issuing immediate alerts when product authentication fails."
It continued: "PharmaTrack also enables track-and-trace capabilities so companies can verify product shipping information, monitor temperature issues and other environmental factors affecting drug viability and flag potentially counterfeit product at any point in the supply chain.
"All data tracked and transmitted through PharmaTrack is protected by Unisys’ state-of-the-art Unisys Stealth micro-segmentation security software, preventing unauthorised access while maintaining the confidentiality of shipping contents."
Kelly Cook, Unisys vice president and global head, commercial sector, said: “PharmaTrack is a first-of-its-kind solution – a true game-changer for the life sciences and healthcare industry.
“Because the primary mission of health care stakeholders is to ensure patient safety and protect patient health, it is critical for them to be able to verify authenticity and integrity of drugs anywhere within their supply chains. This new offering by Unisys now makes this possible.”
PharmaTrack can be integrated with existing logistics management systems. Its customisable and interactive dashboards allow providers to assess differential routing to determine optimal operations, said Unisys.
The software also helps ensure compliance with present and impending US and European regulations, which require drug manufacturers to serialise their products and electronically transmit transaction information, histories and statements.
“With our extensive domain expertise, we are uniquely positioned to understand and address the most critical challenges facing pharmaceutical companies today,” said Livingstone.
“The root cause of most of the counterfeiting, theft and loss companies face is due to the fact that many of the existing systems within the supply chain do not communicate with each other, creating disparate and non-contiguous information sharing.
"PharmaTrack resolves this issue by providing a single system, accessed by all those managing various portions of the supply chain. This provides unmatched visibility, potentially saving companies billions of dollars a year in enhanced supply chain coordination and added efficiencies."