Recognizing the innovative use of technology to secure the pharmaceutical supply chain and deliver business value, SupplyScape Corporation today announced that Walgreens (NYSE: WAG) is the first retail pharmacy recipient of the Value Chain Leadership Award. The Value Chain Leadership Award honors forward-thinking companies that are solving pharmaceutical supply chain challenges in breakthrough ways.
Walgreens was recognized for its industry-leading contributions towards increasing patient safety at the retail level. Walgreens is the first national drugstore chain to rollout an electronic pedigree (ePedigree) system and has been receiving ePedigrees from its suppliers, including major drug wholesalers, for over a year.
The Value Chain Leadership Award was announced at SupplyScape’s customer dinner held Monday, August 13, in Boston, Mass. The event coincided with the National Association of Chain Drug Stores (NACDS) Pharmacy and Technology Conference, and was attended by healthcare executives from leading chain, specialty and ecommerce pharmacy companies, mass merchants, supermarkets, bio/pharmaceutical manufacturers and wholesalers.
“SupplyScape is proud to recognize Walgreens for its leadership in deploying electronic pedigrees at the retail level,” said Shabbir Dahod, SupplyScape’s president and CEO. “Innovative companies, such as Walgreens, are leveraging SupplyScape’s Product Security solution, the foundation of our On-Demand Value Networks, to increase patient safety, enhance collaboration within the supply chain and improve business performance.”
Electronic pedigrees enhance patient safety by providing a secure chain of custody record that traces a drug from manufacturer through wholesale distributor to pharmacy and preventing counterfeit product from getting into the legitimate pharmaceutical supply chain.
About Walgreens
Walgreen Co. is the nation’s largest drugstore chain with fiscal 2006 sales of $47.4 billion. The company operates 5,850 stores in 48 states and Puerto Rico, including 77 Happy Harry’s stores in Delaware and surrounding states. Walgreens is expanding its patient-first health care services beyond traditional pharmacy through Walgreens Health Services, its managed care division, and Take Care Health Systems, a wholly-owned subsidiary that manages convenient care clinics inside drugstores. Walgreens Health Services assists pharmacy patients and prescription drug and medical plans through Walgreens Health Initiatives, Inc. (a pharmacy benefits manager), Walgreens Mail Service Inc., Walgreens Home Care Inc., and Walgreens Specialty Pharmacy.
About SupplyScape
SupplyScape Corporation is a leading provider of enterprise software and services that maximize revenue, profitability and patient safety across the pharmaceutical supply chain through On-Demand Value Networks. On-Demand Value Networks deliver the real-time network platform, foundational set of product security solutions, and value-enhancing supply chain applications that integrate trading partners into the pharma value chain. Pharmaceutical and biotechnology companies, wholesalers, distributors, and pharmacies rely on SupplyScape On-Demand Value Networks to achieve rapid regulatory compliance, significant operational improvements, and superior business performance from their supply chains. For more information, visit http://www.supplyscape.com.
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