04.14.20
Chromatic Technologies Inc. (CTI) partnered with American Thermal Instruments (ATI) in Dayton, Ohio, to donate free-of-charge new printable temperature, tampering and authentication technology to protect all new COVID-19 drugs.
"Once a COVID-19 drug is produced, it needs to be safely distributed throughout the world and must survive the risks of freezing, heat abuse, sun (UV) damage, tampering and counterfeiting,” CTI CEO Lyle Small said. “The world is throwing money at beating the coronavirus in a compressed timeline. This just amplifies the risk and CTI has simple solutions for all of these related efficacy challenges."
According to the World Health Organization, seven of the 10 top-selling drugs in the world are damaged by freezing temperatures, including vaccines for influenza and pneumonia.
“ATI is already working with dozens of pharmaceutical companies and we are diligently launching this program to support all of their COVID-19 R&D and launch efforts,” said Randall Lane, CEO of ATI.
CTI and ATI’s goals are to protect at least 100 million units of drugs being distributed to health care officials. The CTI donation has an equivalent value of $5 million.