RETURN LOGISTICS INTERNATIONAL CREATES PHARMACEUTICAL PORTALS

RETURN LOGISTICS INTERNATIONAL CREATES PHARMACEUTICAL PORTALS

   Return Logistics International Corp. has launched to returns portals to serve the pharmaceutical industry.

   www.PharmacyReturns.com is a drug return site serving pharmacies and wholesalers, and www.ReturnLogistics.com, is designed to help pharmaceutical manufacturers streamline and manage their returns and credit-data requirements.

   The $200-billion pharmaceutical industry faces highly regulated returns requirements for out-of-date drugs and regulated materials. As much as 5 percent of drugs must be returned to manufacturers each year as pharmacists sweep drugs from their shelves that have passed their expiration dates.

   Pharmacists are able to bundle their returns and access shipping services, with the site creating electronic authorizations, debit memos, packing slips and shipping labels,

” said Brian Stenz, RLI president and chief executive officer. “Pharmaceutical manufacturers are able to manage the return of goods to them in a cost-effective way.”

      In addition, Stenz said RLI's service is “collecting an extraordinary amount of data and information that is unique and has great value within the industry.'