The Daily Startup: TraceLink Helps to Fight Prescription Drug Counterfeiting
TraceLink makes a cloud-based software product that helps track prescription drugs from the manufacturer to the pharmacy shelf, which can help to prevent the trafficking of counterfeit drugs. As a new federal law takes effect that seeks to halt the counterfeiting of drugs, the company has raised $20 million in funding to keep up with the demand for its product, Timothy Hay reports for Dow Jones VentureWire. The new funding was led by new investor Volition Capital, joined by new investor Fidelity Biosciences and returning investor FirstMark Capital.
Related Posts
Gucci Departs International Anti-Counterfeiting Coalition Following Addition Of The Alibaba Group
The International Anti-Counterfeiting Coalition now has one less influential...
Over 300 smuggled endangered species items seized in NE China.
SHENYANG, May 19 (Xinhua) -- More than 300 items of endangered species including...
Multimillion-dollar fake cigarette trafficker did it for love
Fort Lauderdale: A man who admitted he trafficked knock-off cigarettes with a...
Counterfeits constitute 25-30 pc of the market: Report
Almost 25-30 per cent of all products sold in the country are spurious with...