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Relieve Drug Shortages by Transforming the Pharmaceutical Supply Chain

Medication shortages come with a substantial cost to pharmaceutical companies—loss of revenue, provider loyalty, and brand reputation pose significant and detrimental threats to business. Currently, the United States Food and Drug Administration (U.S. FDA) lists over 150 drug shortages, costing the United States $216M in labor and $200M in substitution costs, each year. As time and resources are invested heavily in drug discovery—approximately $2.6B is spent to bring a drug to market—it is vital that the medication supply chain is optimal to recoup investments.

In this whitepaper, we will look at significant issues impacting the medication manufacturing process and discuss how advanced technology can be applied to remove barriers and bottlenecks.