Thu, Jun
17 New Articles

TraceLink Reports Highest Quarterly Revenue and Record-Breaking Growth in EMEA New Sales Bookings for Q1 2017

Industry Reports

TraceLink Inc., the World’s Largest Track and Trace Network for connecting the life sciences supply chain and eliminating counterfeit prescription drugs from the global marketplace, today announced financial and company results for the first quarter of 2017. 

Growth highlights for the first quarter of 2017 include:

  • A 126 percent year-over-year increase in Q1 new sales bookings, including unprecedented growth in the following regions:
  • A 658 percent increase in EMEA;
  • A 100 percent increase in India, and;
  • A 100 percent increase in APAC. 
  • A two-year revenue compound annual growth rate (CAGR) of 73 percent; and
  • A 71 percent increase in customer growth year-over year with 64 new customers added in Q1, for a total of 594 TraceLink customers.

“Our commitment to investing and expanding globally was truly evidenced this quarter by the record sales growth in all regions, including EMEA, India and APAC,” said Shabbir Dahod, president and CEO, TraceLink. "TraceLink’s continuous growth and remarkable performance is a result of our global talent, superior market leadership and our ability to meet the industry’s need for a proven, scalable solution that is seamless and cost-effective, while enabling timely compliance to meet serialization deadlines.”

Also in the first quarter, TraceLink announced NEXUS 17, taking place June 7 – 8 in Barcelona. As the industry’s premier venue for key industry leaders and stakeholders across the life sciences supply chain, NEXUS 17 will provide focused education and thought leadership from leading industry executives on the European Union Falsified Medicines Directive (EU FMD) and other global emerging track and trace regulations.

Additional growth highlights and milestones for the first quarter in 2017 include:

Continuing the expansion of the world’s largest track and trace network – hitting a milestone of 594 customers and over 250,000 trading partners on the TraceLink Life Sciences Cloud. TraceLink customers span the entire life sciences supply chain, including:

37 percent representing pharmaceutical and contract manufacturers;
7 percent representing wholesale distributors; and
56 percent representing pharmacies, hospitals and health systems, covering more than 4,200 U.S. dispensing locations.

Serving serialization customers across 24 countries – including the following:

  • 90 percent in the United States;
  • 8 percent in Europe, the Middle East and Africa (EMEA);
  • 2 percent in the rest of the world.

Expanding partnerships across services, specialties and industries – adding seven new partnerships in the first quarter to the TraceLink partner ecosystem, which now totals 30 partnerships with solution, integration and consulting providers across the U.S., EU, India and Asia-Pacific. Additionally, TraceLink covers over 90% of the U.S. hospital market through 13 agreements with group purchasing organizations (GPO), alliances, associations, management companies and cooperatives.

Demonstrating the industry’s only proven solution with the most live CMO connections on the network – with 162 CMOs live in production or in the process of going live, as of the end of Q1, and a 318% quarter over quarter increase in unique CMO connections on the network.

Executing unprecedented serial number volumes globally – commissioning more than 330 million serial numbers and processing 2.5 billion serialized events to date. 

Submitting compliance reports into the EU Hub nearly 18 months ahead of the EU FMD deadline – processing EU compliance reports for 415,000 units of product into the EU Hub with a proven and EMVO-tested solution.

Processing a total of 219 million Transaction History (TH) files for DSCSA lot-level compliance – a 146% increase from the total number of TH files processed by the end of Q1 2016.

Continuing rapid growth of the TraceLink Cloud Community, the industry’s largest forum on pharmaceutical track and trace - with 428 new members added in the first quarter, totaling more than 2,400 Cloud Community members that are able to interact with their peers from across the global supply chain.

About TraceLink
TraceLink is the World’s Largest Track and Trace Network for connecting the Life Sciences supply chain and eliminating counterfeit prescription drugs from the global marketplace. Leading businesses trust the TraceLink Life Sciences Cloud to deliver complete global connectivity, visibility and traceability of pharmaceuticals from ingredient to patient. A single point and click connection to the Life Sciences Cloud creates a supply chain control tower that delivers the information, insight and collaboration needed to improve performance and reduce risk across global supply, manufacturing and distribution operations. A winner of numerous industry awards including Deloitte’s Technology Fast 500 (ranked number 149 in 2016), the Amazon AWS Global Start-Up Challenge Grand Prize, and the Edison Award for Innovation in Health Management, the Life Sciences Cloud is used by businesses across the globe to meet strategic goals in ensuring global compliance, fighting drug counterfeiting, improving on-time and in-full delivery, protecting product quality and reducing operational cost. For more information on TraceLink and our solutions, visit www.tracelink.com

TraceLink is funded by Goldman Sachs, FirstMark Capital, Volition Capital and F-Prime Capital.

Media Contact
Aimee Genzler  
Director, Corporate Communications
This email address is being protected from spambots. You need JavaScript enabled to view it.


Market Movers

Rogers Corporation Common Stock

NYQ : ROG - 21 Jun, 3:12pm
+0.83 (+0.78%) After Hours:
Open 107.15 Mktcap 1.95B
High 108.67 52wk Hight 113.26
Low 106.92 52wk Low 51.98
Vol 45017 Avg Vol 125494
Eps 5.33 P/e 32.60
Currency: USD

Banco Santander, S.A. Sponsored

NYQ : SAN - 21 Jun, 3:13pm
+0.03 (+0.46%) After Hours:
Open 6.53 Mktcap 95.35B
High 6.57 52wk Hight 6.99
Low 6.51 52wk Low 3.60
Vol 4.52M Avg Vol 8.67M
Eps 0.49 P/e 13.91
Currency: USD

Merck & Company, Inc. Common St

NYQ : MRK - 21 Jun, 3:13pm
+1.03 (+1.60%) After Hours:
Open 64.56 Mktcap 179.32B
High 65.60 52wk Hight 66.80
Low 64.56 52wk Low 55.10
Vol 7.88M Avg Vol 8.87M
Eps 3.84 P/e 41.78
Currency: USD

Johnson & Johnson Common Stock

NYQ : JNJ - 21 Jun, 3:13pm
+0.81 (+0.60%) After Hours:
Open 134.29 Mktcap 363.75B
High 135.11 52wk Hight 135.11
Low 134.02 52wk Low 109.32
Vol 3.98M Avg Vol 5.78M
Eps 7.10 P/e 22.70
Currency: USD

Pfizer, Inc. Common Stock

NYQ : PFE - 21 Jun, 3:13pm
+0.48 (+1.43%) After Hours:
Open 33.61 Mktcap 203.15B
High 34.10 52wk Hight 37.39
Low 33.58 52wk Low 29.83
Vol 19.08M Avg Vol 21.73M
Eps 2.55 P/e 28.65
Currency: USD

Direxion Daily 10-Yr Treasury B

PCX : TYO - 21 Jun, 12:42pm
-0.03 (-0.24%) After Hours:
Open 13.75 Mktcap
High 13.75 52wk Hight 16.29
Low 13.71 52wk Low 12.60
Vol 1206 Avg Vol 7128
Eps P/e
Currency: USD
Sign up via our free email subscription service to receive notifications when new information is available.