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ACG Inspection has partnered with Verinetics

ACG Inspection partners with Verinetics to further strengthen their fight
against falsified medicines
ACG Inspection (ACGI) has partnered with CertiRx Corporation, d.b.a.
?Verinetics? for further enhancing its Traceability and Authenticity
solutions in the Track and Trace industry. With this partnership, ACG
Inspections is looking forward to implementing an add-on security layer to
provide Multi-Factor Authentication to the end consumer.
Multi-factor authentication is a security system that requires more than one
method of authentication from independent categories of credentials to
verify an identity. Verinetics patent-protected software product, TraxSecur
is a next-generation solution for detecting and deterring fraud in the
supply chain. Using TraxSecur as a security mark provides intelligent
authentication, linked with serialization data. This makes ACG Inspection an
end-to-end solution provider for Track and Trace requirements, product
tracing and authentication solutions.
Falsified medications are one of the major problems faced by the global
pharmaceutical industry. As per the World Health Organization (WHO), an
estimated 1 in 10 medical products in low- and middle-income countries is
substandard or falsified. This year, on World Anti-Counterfeiting Day (6th
June 2018), ACG Inspection waged a war against falsified medicines. This
campaign emphasized on the effects of substandard or falsified medicines on
the human population and the global pharmaceutical industry with the message
“Get the Fake Drugs Off the Market”.
On the association between ACG Inspection and Verinetics, Mr. Ettore
Cucchetti, CEO, ACG Inspection said: ?With the increasing threat of
falsified medicines in the pharmaceutical supply chain and regulations
mandating companies to deploy strategies such as serialization and to have
greater awareness, there is a need for innovative and effective solutions
for product authentication, Track and Trace and supply chain integrity. We
strongly believe that our association with Verinetics is a step towards
nipping the problem that is grappling the industry today. With the
introduction of TraxSecur? with Track and Trace regulatory compliance will
help us to safeguard the existing supply chain. The association will equip
consumers with product authentication and ensure genuine products to
consumers. Also, it will bring the consumer closer to the pharmaceutical
companies, providing first hand feedback about the products.?
Dr. Tom Mercolino, CEO Verinetics said: ?Wherever high-value products have
health and safety risks, companies are investing to protect their customers
through supply chain security solutions like serialization and blockchain.
ACGI has the vision to bring TraxSecur to the pharmaceutical market and
deliver its unique benefits as a secure link between items in the physical
world and data about those items being tracked in serialization and
blockchain systems. We also applaud ACGI for recognizing the importance of
TraxSecur?s multilayered approach for deterring supply chain frauds with
overt feature, increasing fraud detection and enforcement effectiveness
through it covert features, and how it?s implementation will increase
patient trust in their customers? products.?
About ACG
The ACG group is the only supplier in the world offering integrated
manufacturing solutions for the pharmaceutical industry. The company?s
diverse product range of Capsules, Films & Foils, Engineering and Inspection
systems don?t just meet, but exceeds the demands of international regulatory
requirements. ACG is committed to just one goal: to offer everything
needed for efficient capsule and tablet manufacturing. ACG has over 5
decades of experience and is present in over 100 countries, with over 4,500
employees around the world. Our customer-centric approach has won us many
loyal, satisfied customers and partners by nurturing relationships with
dignity and transparency.
About Verinetics Corporation:
Verinetics products and patented technologies make counterfeits and frauds
easier to detect, thereby deterring these crimes, while providing visibility
to and intelligence about movement and integrity of products in the supply
chain. Together, Verinetics? products and technology features and benefits
enhance blockchain efficiency by providing a secure data link to the
physical world in product and packaging security applications; these secure
data links reduce warranty claims and product returns frauds, and engage
customers to drive sales through both increased brand trust and more
effective marketing.
Verinetics products also have applications as a persistent security solution
for PDF?s, digital display images, and printouts rendered from secure
digital environments, including for academic credentials, financial
instruments, electronic health records, prescriptions, clinical trials
documents, vital records, and virtually every document relevant to corporate
compliance. Funding for TraxSecur development by Verinetics was provided in
part by the North Carolina Biotechnology Center, an entity primarily funded
by the State of North Carolina.
For media inquiries, please contact Corporate Communications team at:
+91 8879793484 / +91 9871830883
+1 9193541028