Qualifyze swallows $54M to improve pharmaceutical supply chains [TechCrunch]
Dr. Reddy's Laboratories Ltd (RDY)
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Source: TechCrunch
But too often, the realities can be anything but that. “Officially, GMP stands for ‘Good Manufacturing Practices,'” said Dr. David Schneider, the founder and CEO of Qualifyze . “But people joke that it actually stands for ‘Give Me Paper,' because everything is paper-based in the pharma industry.” The term and the sardonic joke behind it underscore the problem in the pharmaceutical industry, as well as Schneider's efforts to fix it through Qualifyze. The Frankfurt-based startup has built out a network of quality assurance experts plus a large database of suppliers and buyers to help track how a company's supply chain is operating, and how it meets the many fragmented standards that define how the industry works (these include GxP, ESG, ISO, CAPA follow-ups and more). Now, it is announcing a milestone in those efforts: a Series B of $54 million that it will be using to grow, specifically by targeting more business in the U.S. and by expanding its product with more analytics and
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RDY
Earnings
- 7/29/24 - Beat
RDY
Sec Filings
- 9/27/24 - Form 6-K
- 9/26/24 - Form 6-K
- 9/24/24 - Form 6-K
- RDY's page on the SEC website