Avanir Pharmaceuticals ’ s Arul Joseph talks blockchain technology in the manufacturing and supply chain of pharmaceuticals
TECHNOLOGY
Avanir Pharmaceuticals ’ s Arul Joseph talks blockchain technology in the manufacturing and supply chain of pharmaceuticals
WRITTEN BY : GEORGIA WILSON Leading the pharmaceutical development ( CMC - chemistry , manufacturing , and controls ) and clinical supply chain function at Avanir Pharmaceuticals , Arul Joseph - alongside his team - manages the development , manufacturing , testing , and packaging of drug substances and drug products , and the distribution of drug products to sites supporting clinical studies .
“ My involvement is one of a pharmaceutical industry participant who evaluates new technologies and tools such as blockchain for their utility and impact in terms of improving productivity , efficiency , compliance , patient safety , and process robustness . As an invited speaker at industry conferences , I have shared the impact of emerging technologies such as blockchain on the CMC development , manufacture , testing , packaging , and distribution of drug products in the pharmaceutical industry ,” says Joseph .
Blockchain in Pharmaceutical Manufacturing Blockchain - an open , decentralised , secure , public ledger that stores every single record , event , or transaction sequentially in a verifiable way , as ‘ blocks ’. Each ‘ block ’ has a timestamp and is linked to a previous block which is added to the existing blockchain when the majority of users validate its authenticity . Once added , it cannot be altered or deleted and is visible to all participants .
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