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TRACK AND TRACE DRUG COMPANY BECOMES INNOVATION CHALLENGE FINALIST
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n early stage company has been named as a finalist in the national MSDUK Innovation Challenge awards for developing a service that can monitor drug sources, helping to ensure authentic drugs are delivered through the supply chain. Kapsule was named alongside 12 other finalists and will go on to compete for a £5,000 cash prize, £100,000 worth of mentoring and more. The final of the Innovation Challenge 2019 will take place at the MSDUK 2019 Conference & Awards which is being held in London on 17 September. The 13 finalists will present their products and ideas to potential investors, buyers and industry experts, whereafter three winners will be chosen by a panel of judges. Kapusle has developed a blockchain-powered supply chain tracking service which the
company says enables a clear and solid audit trail with near real-time visibility. David Chen, co-CEO of Kapsule commented on the finalist position saying: “Our vision is for everyone in the world to have access to the medicines they need without having to think twice about its quality. We will do this by stripping out operational costs from inefficient supply chains and use technology to provide price transparency to governments, patients, pharmaceutical companies and local distributors. MSDUK founder, Mayank Shah, said: “MSDUK’s aim is to bring together innovative and high growth Ethnic Minorityowned businesses with global corporations who are committed towards creating an inclusive and diverse supply chain and the Innovation Challenge is just one way we do this."
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Switzerland overtakes Germany innovative drug delivery market
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witzerland has overtaken Germany as Europe’s most innovative drug delivery market, new research shows. Provisional findings from the Pharmapack Innovation Index highlight how innovation in drug delivery is accelerating across Europe – and that Switzerland has overtaken Germany as
Europe’s most innovative drug delivery market. Innovation is largely being driven by new devices and packaging solutions entering the market, the research states. All six major European markets (Switzerland, Germany, UK, France, Italy and Spain) saw increases in ‘innovation potential’ according to industry executives – notably closing on the United
States as the world leader. On average, innovation potential has increased by 4% year-on-year, with the United Kingdom (5%) and Switzerland (10%) showing the biggest overall gains. Silvia Forroova, brand director at Informa Markets, said: “It’s been a remarkable few years in terms of FDA approvals, but what we