YLE: The EU ordered that medicine packages must carry a serial number and thereby opened a billion-euro market for the only Finnish company in the industry
Barry Cordwell visited Servicepoint’s office in Kuopio for discussions on the shared strategy between the companies. While in Kuopio, he was also interviewed by YLE.
On 19 October 2016, the Finnish public broadcasting company YLE reported on medicine serialization with the following news headline: The EU ordered that medicine packages must carry a serial number and thereby opened a billion-euro market for the only Finnish company in the industry. The subject was commented by Iiro Jantunen, Senior Manager, R&D and Consulting from Servicepoint, Virve Laitinen, SVP, Supply Chain, from Orion, and Barry Cordwell, Global Partner Services Director, from Systech International. Below is a short extract from the news report.
Will pharmaceutical companies be able to make the necessary changes in time? As there are about 10 000 production lines that are subject to the serialization requirement, some pharmaceutical companies may find it difficult to meet the deadline.
According to Virve Laitinen, Orion has already started to modify the facilities, equipment and data systems.
“Modifications will be made line by line. The aim is to complete them by the end of 2018.”
According to Barry Cordwell, Global Partner Services Director at Systech, which is the leading global provider of data system solutions for this field, especially small and medium-sized pharmaceutical companies are in danger.
“It is a question of billions of dollars for the companies that are not able to make the necessary changes in time and have no substitute markets”, Cordwell states.
“It is impossible to even estimate the value of the losses.”
Read the full story on YLE’s web pages: http://yle.fi/uutiset/3-9227817
More about the subject also in YLE TV news on 19 October 2016: http://areena.yle.fi/1-3066933?start=8m40s
Translation: Servicepoint Oy
CTO, Chief Technology Officer
Servicepoint Kuopio Oy