Global information technology company Unisys has launched a new software to provide enhanced visibility and management of the entire pharmaceutical supply chain worldwide.

To this effect, the new PharmaTrack software combines major security, advanced data analytics and compliance technology in a single, unified platform.

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It also enables the life sciences and healthcare companies to oversee and manage the supply chain in order to meet challenges related to theft and counterfeit drugs.

The new software addition to the company’s ActiveInsights suite of solutions resulted from an overlap of industry requirements between two industries, life sciences and healthcare, and travel and transportation, in which Unisys claims to have deep domain expertise.

PharmaTrack can help secure the supply chain by leveraging the company’s major cross-platform analytics to identify and pre-empt fraudulent activity, thereby issuing immediate alerts when product authentication fails.

In addition, the software involves track-and-trace capabilities that allow life sciences and healthcare companies to verify product shipping information, monitor temperature issues and other environmental factors affecting drug viability and flag potentially counterfeit product at any point in the supply chain.

"With our extensive domain expertise, we are uniquely positioned to understand and address the most critical challenges facing pharmaceutical companies today."

The data tracked and transmitted through the software is protected by Unisys' advanced Unisys Stealth micro-segmentation security software that helps prevent unauthorised access while maintaining the confidentiality of shipping contents.

Unisys life sciences and healthcare vice-president and global head Dr Jeff Livingstone said: “With our extensive domain expertise, we are uniquely positioned to understand and address the most critical challenges facing pharmaceutical companies today.

“The root cause of most of the counterfeiting, theft and loss companies face is due to the fact that many of the existing systems within the supply chain do not communicate with each other, creating disparate and non-contiguous information sharing.

“PharmaTrack resolves this issue by providing a single system, accessed by all those managing various portions of the supply chain. This provides unmatched visibility, potentially saving companies billions of dollars a year in enhanced supply chain coordination and added efficiencies.”

The new technology can be easily integrated with existing logistics management systems.

The customisable and interactive dashboards of the software enable providers to assess differential routing to determine optimal operations.