This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Grifols Implements Its First Automated Inventory Management Carousel System For Investigational Pharmacies At Emory University

LOS ANGELES, July 18, 2013 /PRNewswire/ -- Grifols, a global healthcare company based in Barcelona, Spain with more than 15 years of innovation and expertise with automated drug storage and dispensing solutions in European hospital pharmacies, has now implemented its first automated inventory management carousel project in the United States.

Grifols' Hospital Division focuses on specialized technology-based solutions for the hospital pharmacy market. At Emory University Investigational Drug Service, Grifols implemented a SencorpWhite automated carousel inventory management system managed by Genesis Investigational Drug Service (IDS). The Genesis IDS software technology assists with storage efficiency, inventory control and transaction tracking. 

Susan Rogers, RPh Emory University Investigational Drug Service, commented on the impact of the machine, noting, "The carousel system has allowed for considerable savings in space and time.  Inventory is better organized in the carousel, and the Genesis IDS software identifies the exact location of a drug. This saves time when restocking inventory and during the dispensing and cycle count processes. The overall benefit is increased efficiency, quality and ultimately, patient safety."

The system is also interfaced with the Vestigo® Investigational Drug Service (IDS) software used at Emory. Vestigo is the market-leading solution that improves accuracy, efficiency and safety in the IDS industry with automation tools for protocol management, electronic inventory control, dispensing, drug accountability and protocol billing. The combination of Vestigo and the SencorpWhite automated carousel provides enhanced investigational drug storage in a controlled and secured environment, while allowing for full drug accountability. Grifols and the McCreadie Group (who manufactures Vestigo) have a business partnership to provide the hospital investigational pharmacy market a combined inventory management solution.

According to Scott McCreadie, Pharm.D, President of the McCreadie Group, "It is important that Vestigo works with companies such as Grifols to help close the loop on medication storage and security in the IDS market. This combined solution will help the IDS meet their regulatory and drug security needs in a way that is efficient and safe."

Juan M. Cana, General Manager of Grifols' Hospital Division acknowledged the importance Grifols places on the amelioration of IDS management by stating that "today's IDS management is, in many cases, a manually based activity with no technology dedicated to this important area of the hospital pharmacy. IDS faces many challenges each day to support research activities for all research groups and investigators. We believe the time is right to provide a combined solution with technologies that have been specially designed for the IDS to support investigational drug handling, control, and storage, as well as record keeping and drug accountability while increasing IDS efficiency. We think this can be a game changer for IDS activity."

About Grifols

Grifols is a global healthcare company with a 70-year legacy of improving people's health and well-being through the development of life-saving plasma medicines, hospital pharmacy products, and diagnostic technology for clinical use.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,912.11 -70.48 -0.42%
S&P 500 1,969.95 -8.96 -0.45%
NASDAQ 4,442.6980 -2.2110 -0.05%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs