Verizon Intelligent Track and Trace solution leverages the rfXcel
Traceability System platform to provide product traceability and
real-time monitoring
BASKING RIDGE, N.J. & SAN RAMON, Calif. -- (Business Wire)
Verizon and rfXcel have joined forces to deliver the newly available
Verizon Intelligent Track and Trace solution, which helps monitor and
trace pharmaceutical products in the supply chain and improve overall
patient safety.
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Leveraging Verizon’s Internet of Things platform ‘ThingSpace’
and its world-class network, the rfXcel Traceability System platform
enables pharmaceutical manufacturers to provide real-time monitoring of
product temperatures, location and other key product attributes anywhere
along the pharmaceutical supply chain. Verizon Intelligent Track and
Trace can also create, manage, allocate and store large volumes of
individual and hierarchical serial numbers to provide visibility and
control and help detect counterfeit drugs more easily.
Verizon’s Intelligent Track and Trace solution will help address some of
the pharmaceutical industry’s biggest issues, such as theft, channel
diversion, counterfeiting and safe handling. The World Health
Organization estimates 10 to 15 percent of the world’s drug supply is
counterfeit, with counterfeit drugs in the US approximately 1 percent
and in some countries, the estimate is as high as 50 percent. According
to American
Health & Drug Benefits, the value of the counterfeit drug market
is $75 billion annually, leading to more than 100,000 patient deaths.
The solution delivers a host of benefits to pharmaceutical and
healthcare clients, including:
- Supply chain management: This IoT technology gives users the
ability to monitor, trace and serialize product hierarchies, by
pallet, case or individual unit.
- Improve patient safety: Attributes such as temperature, light,
location, shock and other key attributes can be monitored in real-time
and provide valuable alerts if any attribute changes through the
course of the supply chain.
- Facilitate compliance with government regulations: Verizon
Intelligent Track and Trace will provide information that when managed
by customer’s compliance organization will relate to compliance with
government regulations such as the US Drug Supply Chain Security Act
(DSCSA).
The Verizon Intelligent Track and Trace cloud-based system is now
commercially available and already includes some of the top global
pharmaceutical manufacturers as pilot customers.
“The partnership between Verizon and rfXcel delivers tight integration
between our products and leverages the vast Verizon network to provide
unique benefits and real-time monitoring of product to secure the
pharmaceutical supply chain,” said Glenn Abood, Chairman and CEO of
rfXcel. “We’re both committed to making the drug supply chain safer and
more secure for patients.”
“Our Intelligent Track and Trace solution is yet another example of IoT
technology at work to solve real-world issues in a simplified way for
customers,” added Tom Villa, Director of Product Development at Verizon.
“The rfXcel platform seamlessly addresses the current and impending
needs of pharmaceutical industry.”
Beyond healthcare, Intelligent Track and Trace technology can be applied
to the serialization of virtually any asset, allowing any business with
an asset to track to benefit.
About rfXcel
rfXcel Corporation, headquartered in San Ramon, CA, is a pioneer in
creating Product Serialization, Traceability and Compliance private
cloud solutions for the Life Sciences industry. Leading manufacturers,
distributors, packagers, dispensers and retailers leverage rfXcel
solutions to meet global government regulations, track and trace product
throughout supply chains, and enhance patient safety.
For more information, please visit www.rfxcel.com.
About Verizon
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New
York City, generated nearly $132 billion in 2015 revenues. Verizon
operates America’s most reliable wireless network, with 112.6 million
retail connections nationwide. The company also provides communications
and entertainment services over America’s most advanced fiber-optic
network, and delivers integrated business solutions to customers
worldwide.
Verizon Enterprise Solutions helps clients improve customer experience,
drive growth and business performance and manage risk. With
industry-specific solutions provided over the company's secure mobility,
cloud, strategic networking, Internet of Things and advanced
communications platforms, Verizon Enterprise Solutions helps open new
opportunities around the world for innovation, investment and business
transformation.
For more information, please visit www.verizonenterprise.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160519005221/en/
Contacts:
For rfXcel:
Jim Smiley, 925-395-6867
jsmiley@rfxcel.com
or
For
Verizon:
Adria Tomaszewski, 908-809-2382
Adria.tomaszewski@verizonwireless.com
Twitter:
@ adriatomasz
Source: rfXcel Corporation
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