WAYNE, N.J., Oct. 9 /PRNewswire/ -- A homegrown New Jersey company is earning accolades for its anti-counterfeiting technology that safeguards the pedigree of pharmaceuticals everywhere. Secure Symbology (http://www.securesymbology.com), a Wayne, NJ based company has been chosen as an Honored Finalist as Emerging Business of the Year by NJBiz Magazine. The company is being recognized for its vision to wipe out counterfeit drugs worldwide.
"Counterfeit drugs are a $50 billion a year problem but with Secure Symbology's unique unit-level 'track and trace' bar-code technology, authentic drugs, down to the individual bottle, receive a serial number and its history can be recalled from production line to pharmacy shelf," says company CEO Graham Sampson. "Full implementation of this amazing yet cost-efficient technology will one day give all consumers the confidence that the drugs they are taking are in fact authentic ones that will protect their health and lives."
Founded in 2003, Secure Symbology is also currently helping
manufacturers meet the state of California's January 1, 2009 deadline that
will require all pharmaceutical manufacturers to guarantee the pedigree of
their products entering the state. Having successfully addressed the
sophisticated and high- speed packaging systems used by the pharmaceutical
industry, Secure Symbology is in the process of expanding its reach to
include the automotive, aeronautical, and food manufacturers, in addition
to luxury brands and consumer product manufactures with their
ever-increasing product counterfeiting problems. Counterfeiting worldwide
is a $500 billion to trillion dollar a year problem that is growing about
20% each year. Secure Symbology is also developing systems utilizing its
|SOURCE Secure Symbology|
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