rfxcel and MVC designed the Hub to meet specific goals set forth by the Ministry, including ensuring patients receive only authentic, safe medications, lowering drug prices, combatting counterfeiting and smuggling, and preventing hoarding of medicines.
“The Hub is all about leveraging leading-edge technology to secure Lebanon’s pharmaceutical supply chain and safeguard patients and consumers,” rfxcel CEO Glenn Abood said. “Security and safety — these are the very reasons I founded rfxcel almost 20 years ago. We’re eager to begin our work with MVC in Lebanon, and we’ll continue to focus on bringing Traceability Hubs to other countries in the Middle East and beyond.”
The agreement comes only a few months after rfxcel and MVC successfully implemented a Traceability Hub for the Kingdom of Bahrain to track its pharma supply chain on a blockchain platform. This was first GS1-compliant system of its kind in the world and has established the partners as leaders in this industry segment.
Click here to read the related Press Release!