Top 10 Global Pharmaceutical Manufacturer Sets New Standard for Product Integrity With NanoGuardian

NanoGuardian(TM), a division of NanoInk(R), Inc. that delivers on-dose brand protection solutions to fight illegal diversion and counterfeiting, announced today that it signed a multi-year agreement with a Top 10 global pharmaceutical company to supply its On-Dose NanoEncryption(TM) technology and Closed-Loop Protection(TM) market monitoring program to help ensure the safety and integrity of the company's products. The pharmaceutical company has decided it best to remain unnamed at the moment and thereby keep the use of the robust NanoEncryption technology confidential to maximize the chance of catching downstream supply chain members who are dispensing counterfeit and illegally diverted versions of its products.NanoGuardian's NanoEncryption technology is the only on-dose, multi-layered, brand protection solution that enables pharmaceutical manufacturers to authenticate and trace every single dose, from plant-to-patient. NanoGuardian's Closed-Loop Protection Program combines the on-dose authentication and tracing benefits of NanoEncryption technology with a proactive supply chain auditing program to identify counterfeit or illegally-diverted pharmaceuticals entering the global supply chain as early as possible."While pharmaceutical manufacturers have done a great job securing the packaging of medications, illegally diverted and counterfeited drugs are often repackaged before they reach the patient, necessitating the need for on-dose security," said Dean Hart, chief commercial officer of NanoGuardian. "We are extremely pleased a leading, global pharmaceutical company has made the decision to protect its key products at the dose level with NanoGuardian's NanoEncryption technology. Through their leadership, we are moving closer to ensuring the integrity of the global pharmaceutical supply chain and protecting the patients that rely on these medications every day for their health and well-being.""With this move, one company has stepped forward to increase patient safety with an additional, heightened level of security. I am certain that this step will lead to a new standard which other pharmaceutical companies will surely follow," said Dr. John Glover, a pharmaceutical security expert and co-founder of the Pharmaceutical Security Institute. "This decision recognizes that package security alone will not provide the level of patient safety necessary in today's high-tech, international trading environment. On-dose security is a critical component in ensuring product authenticity. This decision will lead to a new standard of product security."Dr. John Glover is a pharmaceutical security expert with a distinguished career spanning more than 35 years with the FBI, Bristol-Myers Squibb Company, the Pharmaceutical Security Institute and the U.S. State Department. Today, Dr. Glover serves as president of John Glover Consulting, Inc., which provides consulting services to a very select number of prominent corporate and non-governmental entities. Dr. Glover is also the chair of NanoGuardian's Security Advisory Board.NanoGuardian fights both counterfeiting and illegal diversion with a single technology that can be used to protect capsules, tablets, vial caps, and single-use syringes providing a layered security of overt, covert, and forensic features. The overt and covert security features allow dose-level authentication at any point in the supply chain, while the forensic and nano-scale NanoCodes provide comprehensive tracing information on each and every dose. NanoGuardian's technology provides a strong benefit over other on-dose technologies given that NanoGuardian's security features are implemented with no additional material or chemicals being added to the medication.NanoGuardian's Closed-Loop Protection market monitoring program works hand-in-hand with NanoEncryption technology to provide manufacturers an early warning system in the detection of counterfeit and diverted product. Through random audits at retail pharmacies, NanoGuardian's Closed-Loop Protection program can proactively detect counterfeit and diverted product, providing manufacturers with early detection of problems and mitigating risk to brands, companies and patients.As evidence of the rapidly growing problem of counterfeit pharmaceuticals, a recent report from the U.S. Customs and Border Protection and the U.S. Immigration and Customs Enforcement noted that the domestic value of counterfeit pharmaceutical seizures in fiscal year 2011 rose by more than $11 million, an increase of almost 200 percent. The implications for victims of counterfeit drugs are extremely serious, often resulting in unexpected side effects, severe allergic reactions and even death.About NanoGuardian NanoGuardian(TM), a division of NanoInk(R), Inc., focuses exclusively on delivering brand protection solutions to fight illegal diversion and counterfeiting. Anchored by NanoInk's novel NanoEncryption(TM) technology, NanoGuardian enables manufacturers to authenticate and trace the integrity of their products across the supply chain. More information about NanoGuardian is available at www.nanoguardian.net .NanoInk, NanoGuardian, NanoEncryption and the NanoGuardian logo are trademarks or registered trademarks of NanoInk, Inc.

NanoGuardian Partners With SDI to Deliver Closed-Loop Protection of Pharmaceutical Supply Chain

SKOKIE, IL, NanoGuardian(TM), a division of NanoInk® that focuses on delivering brand protection solutions to fight illegal diversion and counterfeiting of pharmaceutical products, announced a partnership with SDI, a leader in innovative analytics for the pharmaceutical and healthcare industries, to deliver its Closed-Loop Protection(TM) market monitoring program. Closed-Loop Protection combines the on-dose authentication and tracing benefits of NanoGuardian's NanoEncryption(TM) technology with a proactive pharmacy auditing program to identify counterfeit or illegally-diverted pharmaceuticals entering the global supply chain.

NanoGuardian's NanoEncryption technology provides on-dose security features at the overt, covert and forensic level and can be applied directly to tablets, capsules and vial caps. These multi-layered security features enable NanoGuardian to provide a dual-protective benefit to manufacturers with a single technology. The overt and covert security features enable authentication at any point in the supply chain, while the forensic-level NanoCodes(TM) provide comprehensive tracing information on every single dose.

NanoGuardian's NanoCodes can be associated with an unlimited amount of data including, but not limited to product information (strength, expiration date), manufacturing information (location, date, batch and lot number), and distribution information (country, distributor, wholesaler, chain, RFID or 2-D Barcode). Since NanoGuardian's on-dose protection always remains with the specific dose even after numerous repackaging efforts, NanoGuardian provides brand integrity, protection and confidence that standard, on-package, e-pedigree technologies cannot alone provide.

NanoGuardian's Closed-Loop Protection is a market-monitoring program that works hand-in-hand with NanoEncryption technology to provide manufacturers an "Early Warning System" in the detection of counterfeit and diverted product. Through random audits at retail pharmacies, NanoGuardian's Closed-Loop Protection can proactively detect counterfeit and diverted product providing manufacturers with early detection of problems and mitigating risk to brands, companies and patients.

"To ensure the success of Closed-Loop Protection, it was vital to partner with an organization such as SDI, that has the regulatory experience in conducting proactive market monitoring services and that can manage networks of pharmacies and physicians," said Dean Hart, executive vice president, NanoGuardian. "With Closed-Loop Protection, we can proactively identify costly counterfeiting and illegal diversion activities as they occur, which allows more time for action and reduces the risk to pharmaceutical companies and patients."

"We are excited to partner with NanoGuardian in combining SDI's strong market research resources with NanoGuardian's on-dose NanoEncryption technology to better enable manufacturers to protect patients by ensuring supply chain integrity," said Andrew Kress, CEO, SDI.

According to the U.S.-based Centre for Medicines in the Public Interest (CMPI), counterfeit drug commerce is estimated to grow 13 percent annually through 2010. "That means counterfeit drug sales will grow at nearly twice the rate of legitimate pharmaceutical commerce," states Peter Pitts, President of CMPI. "In 2010, this illegal business will generate $75 billion in revenues -- a 92 percent increase from 2005."