WALLDORF — SAP SE (NYSE: SAP) today announced its industry-leading pharmaceutical supply chain solutions are the recipients of a 2019 Frost & Sullivan Visionary Innovation Leadership Award.
In addition, the SAP Advanced Track and Trace for Pharmaceuticals application and SAP Information Collaboration Hub for Life Sciences won recognition in the Digital Enterprise Solutions for the Pharma Supply Chain category.
Each year, the Frost & Sullivan Visionary Innovation Leadership Award recognizes a range of regional and global companies that encourage significant growth in their industries, identify emerging trends before they become the marketplace standard, and create advanced technologies that transform industries in the near future.
Counterfeit prescriptions introduced into the drug value chain have been a massive problem, impacting public safety on a global scale. The blockchain software technology hub in SAP Information Collaboration Hub for Life Sciences, together with SAP Advanced Track and Trace for Pharmaceuticals, helps ensure compliance with global serialization requirements and supports a concerted effort to eliminate counterfeit in the pharmaceutical supply chain. Specifically, blockchain-based SAP Information Collaboration Hub for Life Sciences is designed to authenticate pharmaceutical packaging returned to wholesalers from hospitals and pharmacies before products are resold. It provides customers with a scalable and secure solution to comply with the upcoming regulatory requirements for verification. The software was developed in co-innovation with customers including AmerisourceBergen, Boehringer Ingelheim AG & Co. KG, GlaxoSmithKline plc and Merck Sharp & Dohme.
“SAP has truly set the standard for how intelligent technology can be an invaluable tool in combatting drug counterfeits and promoting compliance with global sterilization regulations,” said Frost & Sullivan Industry Analyst Kamaljit Behera. “We applaud the innovation SAP’s pharmaceutical supply chain solutions bring to the industry.”
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