SupplyScape Wins Innovation Award for Transforming the Pharmaceutical Supply Chain
Woburn, Mass., May 22, 2007 -- SupplyScape Corporation, the leading provider of software to drive maximum business value and security in the pharmaceutical supply chain, has received a 2007 New England Innovation Award from the Smaller Business Association of New England (SBANE). SupplyScape was selected as one of the most innovative companies from a field of 171 nominees representing software, technology, manufacturing, retail/distribution and service companies throughout the region. The award, presented at the recent "Evening of Innovation" gala, recognizes companies that display outstanding innovation and thought leadership and transform their ideas into successful products or services that deliver value to their customers.
SupplyScape was recognized for its contributions to increase patient safety and enhance business value in the pharmaceutical supply chain, which is how prescription drugs are distributed from biotech and pharmaceutical manufacturers to wholesale distributors, and on to pharmacies. The company's offerings, which include electronic pedigree, authentication, and trading partner identity and entitlement software and services, help secure the pharmaceutical supply chain from counterfeit drugs and improve the business performance of companies participating in the distribution channel.
Shabbir Dahod, SupplyScape's president and CEO, credits the passion and dedication of SupplyScape employees for the company's rapid growth and demonstrable impact on the pharmaceutical industry. "Counterfeit drugs are a growing epidemic, posing grave risk to public health, and damaging the financial well-being of pharmaceutical companies and their trading partners. Over the past four years, SupplyScape has led a revolution in supply chain management by providing biotech and pharma companies, wholesale distributors, and pharmacies with solutions that increase patient safety and product security. At the same time, SupplyScape helps companies to maximize revenue and improve operational efficiencies they derive from their supply chains."
SupplyScape joins an impressive list of award recipients. Past New England Innovation Award winners have included Genzyme, Cubist Pharmaceuticals, Staples, Netezza, iRobot, and Ben & Jerry's.