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According to a 2014 Whitepaper by The ThomsenGroup, “.. non-adherence with prescription regimens is now a $300 billion problem in the US. The NCBI (National Center for Biotechnology Information )..noted that almost 50% of all prescribed medications are not taken according to directions…and nearly 25% are never initiated.” Non-adherence is problematic both from a National…

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In the biopharma industry, inventory management is complicated by the fact that manufacturers do not have visibility into the post or pre-manufacturing supply chain and, as we provide lifesaving medications, there is a necessity to ensure that there is a sufficient supply to serve our patients. In some cases, there may also be a regulatory…

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Recently, I spoke to a Pharma Company and asked them how much visibility they had into the manufacturing of APIs and other raw ingredients. The representative responded: “We don’t have any visibility into the API’s”. As with the rest of the supply chain, this lack of visibility has a significant impact on inventory levels and…

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The use of Advanced Digital Ledger Technology™ (ADLT™), of which the Blockchain is an example, can have a tremendous impact on improving the flow of information across the entire supply chain. It empowers biopharmaceutical manufacturers as they now have direct access to supply chain and patient level data without using third party vendors.   But…

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As the world of Blockchain enthusiast have spent a tremendous amount of time and effort focusing on how the Blockchain will revolutionize Fintech, many experts have realized the Blockchain may be a much better fit for the Pharmaceutical industry. Pharma has series of protocols, methodologies and processes surrounding the development, distribution and manufacturing of drugs. As drugs are…

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Because the FDA says it is! So you are going to start hearing a lot more about the Blockchain, Supply Chain, Pharma and the BlockRx project over the next few months. And at this point you may be asking why? Well, the short answer is because the time and the solution has finally arrived! But the other answer…

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