Effective March 31, 2018, Colorcon Inc. and Applied DNA signed a supply agreement granting Colorcon exclusive right to use Applied DNA’s SigNature molecular tags in film coatings for solid oral dosage forms, and non-exclusive rights to use it in inks and colorants for SOD pharmaceuticals.
Applied DNA will supply materials to its partner in exchange for long-term royalties based on sales. “Molecular tags will provide traceability for audits and law enforcement and, perhaps most importantly, forensic confirmation of the authenticity of the drug product to the patient and all those in the supply chain, including the pharmacist, the drug distributors and manufacturers,” said James Hayward, President and CEO of Applied DNA, said in a press release issued on April 5, 2018.
