LaserLock Technologies, a provider of authentication solutions to governments, healthcare providers, high-end retailers, and the gaming industry, recently submitted health-focused testimony to the U.S. House of Representatives Subcommittee during a hearing on “Securing our Nation’s Prescription Drug Supply Chain.”
In its testimony, LaserLock addressed Congress’ focus on anti-counterfeiting measures in the growing counterfeit pharmaceutical trade. The company’s proposed solution is an “innovative supply chain” that integrates the ubiquity of mobile devices, high-tech optics, secure anti-counterfeiting technologies, and the development of authentication databases as a secure means to track and trace prescription drugs.
“We are pleased that the United States Congress is taking seriously the threat counterfeit drugs pose to the American people,” Neil Alpert, president of LaserLock stated in the press release. “We believe it is critical that government, the healthcare industry and authentication providers work together to solve this problem. Our authentication system (Characteristic Verification System) is uniquely positioned to provide this kind of service.”
The proposed legislation calls for the U.S. Food and Drug Administration to oversee a serialization program responsible for tracking and tracing pharmaceuticals, and then collecting and storing data about each lot’s movements throughout the supply chain.
“As a veteran of both government service and the pharmaceutical industry, creating a national track and trace system presents an opportunity for the public and private sectors to solve a dangerous and expanding problem,” said Michael Sonnenreich, chairman of the board. “LaserLock is uniquely positioned to play a leadership role in designing such a system.”
For more information visit www.laserlocktech.com
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