YewMaker - New Playbook Launches to Tackle Global Challenge of Wasted Medicines

"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: [email protected]

Logo - https://mma.prnewswire.com/media/2455796/Every_Dose_Used.jpg

View original content to download multimedia:https://www.prnewswire.com/news-releases/yewmaker---new-playbook-launches-to-tackle-global-challenge-of-wasted-medicines-302191047.html

SOURCE YewMaker