TraceLink just landed $60 million more to eliminate counterfeit prescription drugs

科技动态 2018-06-09 阅读原文

Just processed by the SEC on this bright Friday afternoon: TraceLink,
a nine-year-old software-as-a-service platform for tracking and tracing pharmaceuticals and trying to weed out counterfeit prescription drugs in the process, has raised $60 million in Series D funding.

The filing shows that 18 firms participated, including, presumably, Goldman Sachs Growth Equity, which had led the company’s $51.5 million Series C round
roughly 18 months ago. Others of its earlier backers include FirstMark Capital, Volition Capital, and F-Prime Capital.

As TC’s Jordan Crook reported at the time of that last round, TraceLink helps pharma companies comply with country-specific track-and-trace requirements through their supply chain, which has grown increasingly important following the passage of the Drug Supply Chain Security Act
in 2013. The consumer-protection measure aims to protect consumers from exposure to drugs that could be counterfeit, stolen, contaminated, or otherwise harmful.

At the time of its enactment, it also gave the industry one decade before unit-level traceability
becomes enforced, meaning the clock is ticking.

Also working in the favor of TraceLink: opioids, whose spread has been rising since the late ’90s, creating ever-growing pressure to isolate vulnerabilities in the pharmaceutical supply chain.

Little wonder the company looks to be preparing for life as a publicly traded company, including by releasing quarterly revenue and customer growth numbers. Indeed, according to its recently released “growth highlights,” the company’s first quarter revenue in 2018 was 69 percent higher
than it was in the first quarter of 2017.




5 Really Bad Reasons to Put Off Becoming EMV Chip ... If you’relike most businesses, you already accept chip-based credit and debit cards. If, however, your business is not EMV compliant yet, there might...
地球聚齐13位“大表哥” 你考虑星际移民了吗?... 【罗斯128-b:最宜居】 2017年11月,欧洲科学家利用南方天文台上的行星“捕手”设备,发现了一颗新系外行星罗斯128b,其距离地球仅11光年,温度介于零下60摄氏度到20摄氏度之间。研究人员认为,罗斯128b宜居程度超过此前的比邻星b。 研究负责人、法国格勒诺布尔大学的泽维尔...
第一次世界大战中使过最可怕的武器是什么?... 人类在第一次世界大战期间找到了新的武器和杀戮方式,在短短四年内造成数百万人伤亡。那么第一次世界大战中最可怕的武器有哪些呢? 马克西姆机枪 它是由Hiram Maxim在 1884年成功制造,这是世界上第一支以火药燃气为能源的自动连续射击重机枪,射速达每分钟500发。第一次世界大战的索姆河...
Airtel completes acquisition of Telenor India Airtel today announced that it has completed the acquisition Telenor India, after a year of entering into anagreement to acquire Telenor Indi... buys Wink, the smart home hub previously own... Wink — the smart home hub and platform originally incubated inside the now-defunct Qwirky , and then acquired by Flextronics (now known as Flex) —...