"Every Dose Used" offers an actionable roadmap to improve
medicine utilization and reduce waste
LONDON, July 9, 2024
/PRNewswire/ -- The Sustainable Medicines Partnership (SMP), a
collaborative of 48 organizations across the pharmaceutical and
healthcare sectors, today announced the release of "Every Dose
Used: Reducing Wasted Medicines."
Authored by Deloitte and YewMaker, this comprehensive report
tackles the critical issue of medicines that are manufactured but
never reach patients.
Download the full report and start making a difference
today: https://www.yewmaker.com/reducing-wasted-medicines-playbook
The Crisis of Wasted Medicines
Every year, billions of ready-to-use medicines are wasted,
resulting in significant health, environmental, and financial
impacts. Major pharmaceutical companies alone are estimated to
destroy $11 billion worth of excess
inventory annually.
The causes are multifaceted, with a crucial challenge being the
balance between maintaining surplus stock for reliable patient
access and minimizing waste to prevent medicine shortages, reduce
costs, and lessen environmental harms.
Through expert interviews and secondary research, "Every Dose
Used" details nine key drivers of pharmaceutical waste, including
regulatory barriers, inaccurate demand forecasting, and inadequate
data integration.
Actionable Strategies to Reduce Pharmaceutical Waste
"Every Dose Used" proposes 12 practical solutions to address
wasted medicines, ranging from simple, independently implementable
strategies to complex initiatives requiring sector-wide
cooperation.
Key strategies include optimizing inventory management,
enhancing reallocation and donation processes, and improving data
sharing across the sector.
Practical Guide for Action
The playbook also includes a six-point, step-by-step guide
designed to help organizations build awareness, garner support, and
develop tailored strategies that deliver measurable results.
Dr Nazneen Rahman,
YewMaker CEO and SMP Head, stresses the urgency: "With 'Every
Dose Used,' we are providing more than a blueprint for change—we
are issuing a call to action for all pharmaceutical and healthcare
organizations to make a tangible impact on reducing wasted
medicines."
"The time for action is now," Rahman adds. "Together,
we can create a more efficient, equitable, and environmentally
responsible medicine supply chain that benefits everyone."
Download the playbook now:
https://www.yewmaker.com/reducing-wasted-medicines-playbook
About YewMaker:
YewMaker develops science-based solutions to enhance healthcare
sustainability, benefiting people, the planet, and businesses.
YewMaker is the initiator and executive lead of the Sustainable
Medicines Partnership. For more details, visit
https://www.yewmaker.com/
For more information, please contact: comms@yewmaker.com
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