Rx-360 Becomes Pilot Center for APEC Regulatory Initiatives
Rx-360 Joins APEC Initiative for Global Supply Chain Integrity
Rx-360 is delighted to announce its status as a Pilot Center of Excellence (CoE) for the APEC Regulatory Harmonization Steering Committee. This pilot initiative will concentrate on the Global Medical Product Supply Chain Integrity Priority Work Area Roadmap. As a global non-profit organization dedicated to pharmaceutical supply chain integrity, material quality, and patient safety, Rx-360 brings over 15 years of expertise to support the mission of the Asia Pacific Economic Cooperation.
CEO's Remarks on the New Role
Jim Fries, the CEO of Rx-360, shared his enthusiasm, stating, "It's a significant honor for our consortium to contribute to the APEC mission on medical product safety. We eagerly anticipate collaborating with other Centers of Excellence and esteemed organizations like the US Pharmacopeia and Taylor's University to elevate the educational resources available in the industry."
Importance of the Global Medical Product Supply Chain
In recent years, the international circulation of substandard and falsified medical products has posed notable challenges to economies worldwide. With the medical products sector becoming increasingly globalized, APEC economies face difficulties in maintaining public health while ensuring that access to legitimate medical products remains intact. To combat these challenges, the Roadmap for Global Medical Product Quality and Supply Chain Security was designed. This multi-year initiative was spearheaded by APEC, overseen by the Regulatory Harmonization Steering Committee (RHSC), and established as a priority work area for improving medical product safety across the region.
The Development of the Supply Chain Security Toolkit
The efforts of the Roadmap facilitated the establishment of the Supply Chain Security Toolkit, launched in 2017. This comprehensive toolkit serves as an educational resource, featuring training materials aimed at industry stakeholders, regulators, and others involved in the medical product supply chain. The toolkit comprises ten distinct work streams that encompass the entire life cycle of medical products. As part of the CoE initiative, Rx-360 will lead educational workshops and training sessions utilizing this valuable toolkit.
About Rx-360
Rx-360, an international consortium formed in 2009, focuses on enhancing safety and quality throughout the pharmaceutical supply chain. The organization's mission includes the protection of patient safety by facilitating the dissemination of information and the development of robust processes related to healthcare supply chain integrity. If you would like to know more about Rx-360, you can visit their official website.
About APEC Regulatory Harmonization Steering Committee
The Regulatory Harmonization Steering Committee (RHSC), established in 2009 under the APEC framework, aims to promote a strategic approach to regulatory harmonization. This initiative benefits regulatory authorities and the regulated industries by enhancing collaboration among experts from various fields, including regulation, industry, and academia, within APEC economies.
Frequently Asked Questions
1. What is the purpose of the APEC Regulatory Harmonization Steering Committee?
The APEC RHSC focuses on promoting regulatory harmonization to facilitate safer and more effective medical product policies across member economies.
2. What initiatives is Rx-360 undertaking as a Pilot Center of Excellence?
Rx-360 will conduct educational workshops and training programs focused on the Supply Chain Security Toolkit.
3. Why is the integrity of the medical product supply chain important?
Maintaining integrity ensures that safe, legitimate products reach consumers and safeguards public health against substandard and falsified items.
4. How long has Rx-360 been operational?
Rx-360 was established in 2009 and has dedicated over 15 years to improving pharmaceutical supply chain safety.
5. Who are the key partners involved in the APEC mission?
Rx-360 collaborates with other Centers of Excellence, the US Pharmacopeia, and academic institutions like Taylor's University to enhance industry practices.
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