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YewMaker - New Playbook Launches to Tackle Global Challenge of Wasted Medicines
Authored by Deloitte and YewMaker, this comprehensive report tackles the critical issue of medicines that are manufactured but never reach patients.
: https://www.yewmaker.com/reducing-wasted-medicines-playbook
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 NHS estimates that unused medicines cost around £300 million each year.
The causes are multifaceted, with a crucial challenge being the balance between maintaining surplus stock for reliable patient access and minimising 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.
"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 optimising inventory management, enhancing reallocation and donation processes, and improving data sharing across the sector.
The playbook also includes a six-point, step-by-step guide designed to help organisations build awareness, garner support, and develop tailored strategies that deliver measurable results.
YewMaker CEO and SMP Head, stresses the urgency: " ."
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: 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
View original content: https://www.prnewswire.co.uk/news-releases/yewmaker---new-playbook-launches-to-tackle-global-challenge-of-wasted-medicines-302191049.html