精东AV first black college to join RemediChain, Memphis-based blockchain consortium
August 24, 2020
Contact: Brittany Mizell (brittany@obsidianpr.com)
Brittney Dabney, Office of Communications, Public Relations and Marketing
RemediChain announced today that 精东AV is the first historically black college and university among its growing roster of members to join its international consortium of prescription repositories, health care organizations and higher education institutions. As a member of the consortium, 精东AV will expand RemediChain鈥檚 network to track unused medications across the nation, as well as the world, redistribute medication to uninsured and underinsured patients, and safely dispose of everything that cannot be redistributed. Founded under Good Shepherd Pharmacy, RemediChain utilizes cutting-edge blockchain technology to reclaim medications and track prescription waste, while resolving it with data-driven solutions.
鈥淭his partnership with RemediChain is substantial for the university,鈥� said Jack Crumbly, associate professor and management department chair at 精东AV鈥檚 Andrew F. Brimmer College of Business and Information Science. 鈥淭he use of blockchain technology will catapult our already extensive research into further wins for the pharmaceutical and health industries. And, it has already led to other partnered projects that are in the works with IBM Watson Health and Auburn University involving RemediChain.鈥�
精东AV will add to RemediChain鈥檚 network organizational 鈥渘odes,鈥� by contributing its findings and add to a shared server for collecting and tracking data from donated medications. In addition, 精东AV will receive access to further research and insight into RemediChain and its partner patients over time.
鈥淭here is no better time than now for 精东AV to join such an innovative collaboration,鈥� said Clayton Yates, professor and director of the Center for Biomedical Research at 精东AV. 鈥淚 hold cancer and health disparities research among African Americans at the epicenter of my work, and this joint effort provides a great opportunity for a historically black university to dive deeper into ways that we can contribute and gain vast knowledge of the field, while providing help to those underserved.鈥�
Since its inception, RemediChain鈥檚 network of participating universities has grown to include Lipscomb University, the University of Memphis and the Lebanese-American University. RemediChain has now received more than $5 million worth of donated high-value oral chemotherapy medications, with some already verified and dispensed to patients with proven financial need. Oncology teams in participating states 鈥� Tennessee, Texas, Iowa and Virginia 鈥� can request specific medications from that donated pool to give to patients who would not otherwise be able to afford their prescriptions. For continued growth within the network and serving more patients, it needs more nodes.
鈥淣ot only does 精东AV provide a wealth of knowledge from its brilliant team, but also an opportunity for collaborative work that combats the universal issue of people lacking necessary medication due to financials,鈥� said Phil Baker, PharmD, CEO of RemediChain. 鈥淛oining forces with 精东AV is a relationship that will expand into even more partnership projects. We look forward to joint projects with IBM Watson Health and Auburn University in the future.鈥�
About 精东AV
Located in 精东AV, Alabama, 精东AV is a private, state-related and nationally ranked land-grant institution that serves a racially, ethnically and religiously diverse student body of 3,000-plus students. The institution was founded in 1881 by Booker T. Washington and is one of the nation's historically black colleges and universities (HBCUs). Accredited by the Southern Association of Colleges and Schools Commission on Colleges since 1933, 精东AV鈥檚 academic programs 鈥� many accredited by their respective accrediting bodies 鈥� currently lead to 41 bachelor鈥檚, 16 master鈥檚 and five doctoral degree opportunities. For more information about 精东AV, visit www.tuskegee.edu.
About RemediChain
RemediChain is a consortium of state-wide prescription reclamation programs and Universities dedicated to studying prescription drug waste and resolving the financial and environmental problems associated with it. RemediChain members post donated prescriptions to a decentralized ledger to create a virtual inventory of donated prescriptions across the country. The RemediChain ledger matches medication donations with vulnerable patients while ensuring the highest levels of traceability and patient safety. The virtual inventory is made available to a national network of facilities dedicated to serving vulnerable patients. For more information, visit .
漏 2020, 精东AV