Supply Chain

The cell and gene therapy market continues to advance, thanks to its potential to treat cancers and other severe diseases. While the pandemic has had a negative impact on companies specializing in cell and gene therapies, it has also catalyzed interest in cold-chain logistics while highlighting the promise of new therapy types. Organizations interested in…

The European Union is now one of the largest exporters of COVID-19 vaccines globally, having provided 150 nations with more than 1 billion vaccine doses. The U.S. has exported fewer than 200 million vaccine doses to date but has pledged to donate more than 1 billion. China has pledged to donate 2 billion doses by…

In the wake of COVID-19, telemedicine has become the only means for delivering patient care for many physician groups. As healthcare providers adapted to treating patients virtually, patients likewise adapted to disrupted routines. For those dependent on prescription medication to treat or manage a medical condition, “going to the pharmacy” was an errand replaced by…

The international logistics company ATA Freight is opening a new facility in Hyderabad due to growing demand from India’s quickly-growing pharmaceutical industry. The Hyderabad facility will primarily cater to the pharmaceutical industry. “ATA Freight already has a strong footprint in India’s pharmaceutical industry, serving many of the area’s leading pharma manufacturers,” said ATA freight chief…

Panasonic (TYO: 6752) has announced that it has wrapped up its acquisition of Blue Yonder, a supply chain management company established in Scottsdale, Arizona. Both companies had similar plans for developing autonomous supply chain technology. The partnership will pair Panasonic’s sensing technology with the edge computing and machine learning capabilities of Blue Yonder. Having acquired…

Schott recently announced that it has completed the next expansion stage at its pharmaceutical glass tubing site in Jinyun, China. The company completed construction at the site in just 15 months despite the COVID-19 pandemic, with production starting in November 2020. The plant is meant to create a solid production base for high-quality borosilicate glass…

Cardinal Health (NYSE:CAH) announced that it extended agreements with CVS Health over pharmaceutical distribution. The agreements for the distribution of pharmaceuticals to retail pharmacies and distribution centers run through June 30, 2027, according to a news release. “We value our long-standing partnership with CVS Health, and we are honored to continue our important work together…

Gilead Sciences (NSDQ: GILD) has announced that it has identified tampered and counterfeit versions of its HIV drugs Biktarvy and Descovy in the U.S. supply chain. Biktarvy is a blockbuster drug cocktail, raking up $7.26 billion in sales last year. 2020 sales of Descovy were $478 million. Foster City, Calif.–based Gilead said that unauthorized distributors…

Cardinal Health (NYSE: CAH) reported fourth-quarter adjusted earnings today that were only two-thirds of what The Street expected. The Dublin, Ohio–based health care services company’s stock was down more than –13% to $51.04 apiece in morning trading. Our sister site MassDevice‘s MedTech 100 Index, which includes stocks of the world’s largest medical device companies, was…

FDA has agreed to extend the shelf life of the Johnson & Johnson COVID-19 to six months. The previous shelf life was four and a half months. The regulatory agency based its decision on data from ongoing studies involving vaccine doses stored at the previously indicated storage temperature of 2–8°C (35.6–46.4°F). There is currently a…