X
Pharma Advancement
  • Home
  • Drug Development
    • All
    • Clinical Trials
    • FDA Approvals
    • Research & Development

    Active Ingredient Identification Made Faster Via UHPT Method

    Pfizer Invests Half Billion Dollars to Advance State-of-the-Art Gene Therapy Facility

    Breakthrough Cell & Gene Therapies To Transform Healthcare

    Membrane Fouling Prevention In SP - TFF Through PAT Approach

    Membrane Fouling Prevention In SP – TFF Through PAT Approach

    Sorrento and Mount Sinai Team Up for Antibody Cocktail COVI-SHIELD Project

    Making The Right CDMO Choice For Novel Antibody Creation

    AI Unveils Novel Treatment Pathways In Biomedical Research

    AI Unveils Novel Treatment Pathways In Biomedical Research

    Care Access Research Launches Alliance to Provide Infrastructure for COVID-19 Trials

    Biomedical Research Sector In Australia All Set To Expand

    Japan, Norway Partner To Strengthen Global Pandemic Response

    Japan, Norway Partner To Strengthen Global Pandemic Response

    CRO Market Outlook: Growth Potential & Regulatory Obstacles

    As Medical Uses Cope Up, Genomic Studies Reap Scale Benefits

    Centogene, Lifera Join Forces To Improve Multiomic Testing

  • Manufacturing
  • Supply Chain
  • Facilities
  • Health & Nutrition
  • Events
  • Contact Us
No Result
View All Result
  • Home
  • Drug Development
    • All
    • Clinical Trials
    • FDA Approvals
    • Research & Development

    Active Ingredient Identification Made Faster Via UHPT Method

    Pfizer Invests Half Billion Dollars to Advance State-of-the-Art Gene Therapy Facility

    Breakthrough Cell & Gene Therapies To Transform Healthcare

    Membrane Fouling Prevention In SP - TFF Through PAT Approach

    Membrane Fouling Prevention In SP – TFF Through PAT Approach

    Sorrento and Mount Sinai Team Up for Antibody Cocktail COVI-SHIELD Project

    Making The Right CDMO Choice For Novel Antibody Creation

    AI Unveils Novel Treatment Pathways In Biomedical Research

    AI Unveils Novel Treatment Pathways In Biomedical Research

    Care Access Research Launches Alliance to Provide Infrastructure for COVID-19 Trials

    Biomedical Research Sector In Australia All Set To Expand

    Japan, Norway Partner To Strengthen Global Pandemic Response

    Japan, Norway Partner To Strengthen Global Pandemic Response

    CRO Market Outlook: Growth Potential & Regulatory Obstacles

    As Medical Uses Cope Up, Genomic Studies Reap Scale Benefits

    Centogene, Lifera Join Forces To Improve Multiomic Testing

  • Manufacturing
  • Supply Chain
  • Facilities
  • Health & Nutrition
  • Events
  • Contact Us
No Result
View All Result
Pharma Advancement
No Result
View All Result
Home Facilities & Operation

Startups Impact Pharma Supply Chain, Improving Patient Care

Content Team by Content Team
22nd July 2023
in Facilities & Operation, News

The healthcare industry is responsible for 4.4% of all greenhouse gas emissions and faces significant challenges in its supply chain, resulting in $35 billion worth of wasted products each year. Startups have emerged as powerful agents of change, leveraging innovative technologies to transform the pharmaceutical supply chain and address issues of efficiency, transparency, and traceability. These modern solutions are revolutionizing the industry and benefiting patients worldwide.

IoT-enabled tracking and monitoring: Pharma conglomerates are increasingly adopting the Internet of Things (IoT), utilizing smart sensors and devices to track and monitor shipments in real-time. By obtaining data on location, temperature, and condition of medicines and medical devices during the supply chain journey, stakeholders can proactively address bottlenecks and reduce risks of product spoilage, counterfeiting, and delays. For example, a startup has developed an IoT platform with tamper-evident smart labels to ensure the authenticity and integrity of pharmaceutical products.

Blockchain for enhanced transparency and traceability: Startups are utilizing blockchain technology to create an immutable and decentralized ledger that records every transaction in the pharmaceutical supply chain. This provides stakeholders, including patients, healthcare providers, and regulators, with the ability to verify the authenticity and movement of pharmaceutical products. By combatting drug counterfeiting and ensuring patient safety, these solutions are gaining traction and are projected to reach a substantial market value according to estimates.

Data analytics and AI-driven decision-making: Startups are harnessing data analytics along with artificial intelligence (AI) to optimize supply chain operations and make informed decisions. Analyzing large volumes of data enables startups to forecast demand, optimize inventory management, and streamline distribution processes, leading to cost reduction, minimized stockouts, and improved overall efficiency. AI algorithms provide real-time insights to optimize inventory levels and enhance delivery schedules.

Collaborative platforms for seamless information exchange: Startups are developing collaborative platforms that connect stakeholders within the pharmaceutical supply chain, promoting seamless information exchange and collaboration. By facilitating communication between manufacturers, distributors, healthcare providers, and regulatory bodies, these platforms eliminate information silos and streamline operations. This approach improves transparency, minimizes errors, and enhances dispute management.

Regulatory compliance and quality assurance solutions: Startups are focusing on ensuring regulatory compliance and maintaining high-quality standards throughout the pharmaceutical supply chain. Unique identification codes and serialization enable product authentication and track-and-trace capabilities, helping combat counterfeiting, prevent the distribution of substandard drugs, and maintain quality assurance.

Startups are driving efficiency and transparency in the pharmaceutical supply chain through innovative solutions, impacting supply chain operations, patient safety, and the availability of high-quality medicines and medical devices. As the sector continues to adopt these transformative technologies, startups’ influence is set to grow, benefiting all stakeholders worldwide.

Previous Post

Assessing The Impact of Localization On Pharma Supply Chains

Related Posts

Facilities & Operation

Assessing The Impact of Localization On Pharma Supply Chains

22nd July 2023
IPR Data Management

Combating Antibiotic Resistance With AI & Machine Learning

22nd July 2023
Drug Development

Active Ingredient Identification Made Faster Via UHPT Method

22nd July 2023
Pfizer Invests Half Billion Dollars to Advance State-of-the-Art Gene Therapy Facility
News

Breakthrough Cell & Gene Therapies To Transform Healthcare

13th July 2023
Pharma Innovations of 2022- A World Pharma Today Round Table
Middle East and South Asia

Technology And Policy To Drive Biopharma And Medtech Growth

12th July 2023
Membrane Fouling Prevention In SP - TFF Through PAT Approach
News

Membrane Fouling Prevention In SP – TFF Through PAT Approach

12th July 2023

Latest News

Facilities & Operation

Startups Impact Pharma Supply Chain, Improving Patient Care

22nd July 2023
Facilities & Operation

Assessing The Impact of Localization On Pharma Supply Chains

22nd July 2023
IPR Data Management

Combating Antibiotic Resistance With AI & Machine Learning

22nd July 2023
Drug Development

Active Ingredient Identification Made Faster Via UHPT Method

22nd July 2023
Pfizer Invests Half Billion Dollars to Advance State-of-the-Art Gene Therapy Facility
News

Breakthrough Cell & Gene Therapies To Transform Healthcare

13th July 2023
Pharma Advancement

About Us

Pharma Advancement is a leading Pharma information centric website. On one side Pharmaadvancement.com has established itself as one of the most efficient and comprehensive source of Pharma information online, dedicated to providing decision makers in all the Pharma industry sectors with reliable, accurate and useful insights into happenings in the Pharma sector.

Qucik Links

  • Drug Development
  • Manufacturing
  • News
  • Events & Conferences
  • Newsletter Archive

Resources

  • Advertise with us
  • Contact Us
  • Download Mediapack

System

  • Search
  • Sitemap
  • RSS Feed

© 2017 Copyright © Valuemediaservices 2017 All rights reserved.

No Result
View All Result
  • Home
  • Drug Development
  • Manufacturing
  • Supply Chain
  • Facilities
  • Health & Nutrition
  • Events
  • Contact Us

© 2017 Copyright © Valuemediaservices 2017 All rights reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In