FARMINGTON HILLS, MI—June 26, 2018—LSPediA LLC, a leading supply chain software and service provider, announces today the launch of RxChain® Basic Edition® (RxChain® BE), a plug-and-play DSCSA serialization solution for the Small Business Enterprise in the pharmaceutical industry at an affordable entry price.
The FDA’s DSCSA mandates pharmaceutical manufacturers and repackagers to serialize the smallest salable units and their cases by November 2018, and the wholesale distributors to verify saleable returns by November 2019. The traditional approach of implementing DSCSA demands significant investment in capital, time, and man-power for equipment, software, implementation, and validation. All of these appear to be insurmountable challenges to small businesses. In the context of compliance and investment, many small companies are at a crossroads of rethinking their business model and their business continuity.
“Serialization demands the same relative resources and investments from a small business enterprise as a large one. Having had hundreds of conversations with small companies and knowing their business concerns and budgets, I knew I had to help them,” said Riya Cao, CEO of LSPediA. “We took the very powerful RxChain® Standard Edition and created RxChain® Basic Edition. It is simplified with the built-in work flow tailored to small businesses for DSCSA compliance and serialization for a lower investment.”
“Small businesses play an important role in the supply chain. They contribute significantly to the affordability and accessibility of the US healthcare system, but they don’t have unlimited resources to take on complex and expensive projects such as DSCSA Serialization,” stated John Veit, Sales Director of LSPediA. “RxChain® Basic Edition serves as the perfect vehicle to bridge the gap. Small companies can achieve the same DSCSA compliance as their large company peers by implementing RxChain® Basic, without the high price tag.”
In addition to compliance, customers using LSPediA’s RxChain® software are seeing 90 percent more efficiency in product tracing and logistics. Their operations benefit greatly from data visibility, error handling, and supply chain metrics delivered real time by RxChain®. To learn more about RxChain® Basic Edition, RxChain® Standard Edition, and RxChain® Enterprise Edition, visit www.lspedia.com or email [email protected].
About LSPediA – Life Sciences Solutions
LSPediA is a leading supply chain software provider for the pharmaceutical industry. LSPediA’s serialization solution RxChain® improves supply chain efficiency through automation, integration, and mobile computing while protecting against counterfeit and regulatory risks. LSPediA’s customers are pharmaceutical manufacturers, repackagers, wholesale distributors, dispensers, and healthcare providers. They partner with LSPediA to enable product tracing, serialization, and supply chain capabilities that meet DSCSA requirement and value added operational demand.