blockchain in the - sophiatx...• the top 20 prescription drugs are manufactured by 14 companies...

Sources: 1. International Trade Association, 2. World Health Organisation, 3. IgeaHub - Pharmaceutical Club SophiaTX can help address 10-15% of counterfeit products in the $1.2 trillion global pharma industry BLOCKCHAIN IN THE PHARMA INDUSTRY • The pharmaceutical market is projected to grow from $1 trillion in 2015 to $1.3 trillion by 2020 • The top 20 prescription drugs are manufactured by 14 companies and account for a total of $128 billion in 2016 • SAP customers produce the top 20 global prescription drugs • All prescription drugs in the US should carry a serialization code on each individual unit • The counterfeit market continues to grow • Temperature excursion events will become even more difficult to handle • Acceleration of digitalization, IoT and sensor adoption 1. Record “product birth certificate” - bill of materials, part numbers, batch numbers and tracking ID’s 2. Record “logistics” – route, tracking info, status and other data 3. Record “storage” - IoT sensors tracking environment conditions and other data 4. Record “delivery” - shipment receipts, conditions and other data 5. Verify the origin and fit for use: medication is authentic, was stored and transported according to manufacturer specifications, drug batch hasn’t been “recalled”, etc. • The International Trade Organization estimates the drug counterfeit market between USD $70 – 200 billion • Drug counterfeits represent a serious threat to public health and the overall number of caused deaths • Temperature excursions happen at a frequency of 1 – 5 % of all transport events • Traceability and recall events remain outstanding problems throughout the entire supply chain MARKET FUTURE TRENDS SOPHIATX BLOCKCHAIN SOLUTION KEY CHALLENGES REDUCTION IN COUNTERFEIT PRODUCTS PROTECTION OF CONSUMERS, PATIENTS AND HOSPITALS ELIMINATION OF INSURANCE FRAUDS AUTHENTICITY AND TRACEABILITY THROUGHOUT THE SUPPLY CHAIN TRANSPARENCY AND TRUST INHERENT IN THE PROCESS REAL-TIME INTEGRATION WITH IOT AND OTHER DEVICES DRIVING COMPLIANCE, TRACEABILITY & ELIMINATING COUNTERFEIT PRODUCTS BENEFITS 1 2 3 4 5 www.sophiatx.com

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Page 1: BLOCKCHAIN IN THE - SophiaTX...• The top 20 prescription drugs are manufactured by 14 companies and account for a total of $128 billion in 2016 • SAP customers produce the top

Sources: 1. International Trade Association, 2. World Health Organisation, 3. IgeaHub - Pharmaceutical Club

SophiaTX can help address

10-15%of counterfeit products

in the $1.2 trillion global pharma industry

BLOCKCHAIN IN THE PHARMA INDUSTRY

• The pharmaceutical market is projected to grow from $1 trillion in 2015 to $1.3 trillion by 2020

• The top 20 prescription drugs are manufactured by 14 companies and account for a total of $128 billion in 2016

• SAP customers produce the top 20 global prescription drugs

• All prescription drugs in the US should carry a serialization code on each individual unit

• The counterfeit market continues to grow• Temperature excursion events will become even more

difficult to handle• Acceleration of digitalization, IoT and sensor adoption

1. Record “product birth certificate” - bill of materials, part numbers, batch numbers and tracking ID’s

2. Record “logistics” – route, tracking info, status and other data

3. Record “storage” - IoT sensors tracking environment conditions and other data

4. Record “delivery” - shipment receipts, conditions and other data

5. Verify the origin and fit for use: medication is authentic, was stored and transported according to manufacturer specifications, drug batch hasn’t been “recalled”, etc.

• The International Trade Organization estimates the drug counterfeit market between USD $70 – 200 billion

• Drug counterfeits represent a serious threat to public health and the overall number of caused deaths

• Temperature excursions happen at a frequency of 1 – 5 % of all transport events

• Traceability and recall events remain outstanding problems throughout the entire supply chain

MARKET

FUTURE TRENDS

SOPHIATX BLOCKCHAIN SOLUTION

KEY CHALLENGES

REDUCTION IN COUNTERFEIT PRODUCTS

PROTECTION OF CONSUMERS, PATIENTS AND HOSPITALS

ELIMINATION OF INSURANCE FRAUDS

AUTHENTICITY AND TRACEABILITY THROUGHOUT THE SUPPLY CHAIN