LSPedia, Pharma Logistics Strike Up Supply Chain Visibility Collaboration
The partnership creates an integrated solution that also tackles compliance challenges within the sector.
LSPedia, a provider of software-as-a-service (SaaS) traceability solutions for the pharmaceutical industry, has formed a strategic partnership with Pharma Logistics, a company that specializes in pharmaceutical reverse distribution.1 The goal of this newly established relationship is to provide data visibility, compliance, and supply chain efficiency.
Pharma Logistics' business model also happens to be powered by compliance, which features the proper handling of pharmaceuticals and aligning with the broader industry goal of improving healthcare affordability.
The collaboration between the two parties is expected to offer customers with a boost in value via various avenues. The integrated solution will have to the capability to provide health systems and pharmacies—along with other stakeholders—access to full pharma supply chain visibility, starting with manufacturing, all the way through end-of-life processing. The intention is to have one source be able to make end-to-end supply chain decisions.
"We are delighted to offer LSpedia's OneScan solution to our pharmacy customers. Our customers have consistently highlighted the challenge of managing complex DSCSA [Drug Supply Chain Security Act] compliance requirements and ensuring accurate product traceability,” said David A. Hargraves, CEO of Pharma Logistics. “By integrating OneScan, we are addressing these critical pain points and making advanced compliance technology more accessible. This partnership enables us to provide a more seamless, efficient, and reliable solution, empowering our customers to stay ahead in the ever-evolving regulatory landscape."
In other LSPedia news, the provider was granted a national group purchasing agreement with healthcare improvement company Premier, Inc., signifying that it will now be providing the company’s network of approximately 4,350 US hospitals and health systems, and more than 300,000 other providers and organizations, with complete DSCSA) services.2
"We are honored that Premier and their Pharmacy Council members took the time to review the latest technology in the DSCSA space and awarded LSPedia this agreement," said Chris Heckler, LSPedia's president of healthcare. "I am confident that Premier's members will appreciate the ability to access the latest technology in DSCSA compliance while taking advantage of special pricing through their Premier affiliation."
References
1. LSPedia and Pharma Logistics Announce Strategic Partnership to Revolutionize Pharmaceutical Reverse Logistics and Supply Chain Visibility. PR Newswire. August 13, 2024. Accessed August 13, 2024. https://www.prnewswire.com/news-releases/lspedia-and-pharma-logistics-announce-strategic-partnership-to-revolutionize-pharmaceutical-reverse-logistics-and-supply-chain-visibility-302220782.html
2. Saraceno N. LSPedia Signs Drug Supply Chain Security Act Compliance Deal with Premier, Inc. Pharmaceutical Commerce. March 14, 2024. Accessed August 13, 2024. https://www.pharmaceuticalcommerce.com/view/lspedia-signs-drug-supply-chain-security-act-compliance-deal-with-premier-inc-
