Blockchain concept By 2020,pharmacies and hospitals must be able to verify that the drugsthey're dispensing came from manufacturers or repackagers. (Photo:Shutterstock)

Blockchain believers have delivered little morethan hype, mostly failing to get it deployed outside thecryptocurrency space where the technology was developed. But alittle-noticed U.S. law could change that, bringing the ledgersystem to the pharmaceutical business.

The Drug Supply Chain Security Act from 2013 requires drugcompanies and their supply-chain partners to more closely trackwhere their finished products are shipped, making counterfeit medicines harder to sneak into thesystem and easing drug recalls.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.