Top 10 pharmaceutical firm to use NanoGuardian technology to stop counterfeiting

Marketwire

Skokie-based NanoInk Inc.’s NanoGuardian division has signed a multiyear deal with a Top 10 global pharmaceutical company to supply nanotechnology products to ensure safety and integrity of the firm’s products.

In announcing the deal, NanoGuardian said the company preferred to remain anonymous in order to help it catch potential counterfeiters and prevent illegally diverted versions of its products.

The company will use On-Dose NanoEncryption technology and Closed-Loop Protection market monitoring program to help ensure the safety and integrity of the company’s products. NanoEncryption technology is the only on-dose, multilayered, brand protection solution that enables pharmaceutical manufacturers to authenticate and trace every single dose, from plant to patient. NanoGuardian’s Closed-Loop Protection Program combines the on-dose authentication and tracing benefits of NanoEncryption technology with a proactive supply chain auditing program to identify counterfeit or illegally-diverted pharmaceuticals entering the global supply chain as early as possible.

“While pharmaceutical manufacturers have done a great job securing the packaging of medications, illegally diverted and counterfeited drugs are often repackaged before they reach the patient, necessitating the need for on-dose security,” said Dean Hart, chief commercial officer of NanoGuardian. “We are extremely pleased a leading, global pharmaceutical company has made the decision to protect its key products at the dose level with NanoGuardian’s NanoEncryption technology. Through their leadership, we are moving closer to ensuring the integrity of the global pharmaceutical supply chain and protecting the patients that rely on these medications every day for their health and well-being.”

NanoGuardian fights both counterfeiting and illegal diversion with a single technology that can be used to protect capsules, tablets, vial caps, and single-use syringes providing a layered security of overt, covert, and forensic features.