We are pleased to announce the launch today of the RX-360 pilot program to share existing sponsor audits (the "Audit Sharing Pilot"). The audit sharing process was designed to make available the wealth of supplier audit information that already exists within consortium member companies. The purpose of the pilot program is to determine the value to RX-360 members of sharing existing audits, and the effectiveness of the audit sharing process.
The RX-360 Audit Sharing Working Group, consisting of participants from pharmaceutical and supplier companies, initiated this effort in Autumn 2009, and worked consistently over the past several months to design the pilot program. The program aims to collect audit reports and responses associated with 30 suppliers in several regions of the world -- North America, Europe, China, India. The Working Group has sent initial communications to these suppliers inviting them to participate in the pilot program and will follow-up with each supplier in the next several weeks to confirm participation and discuss questions.
This is a significant milestone for RX-360. The Audit Sharing Working Group thanks the Board of Directors and consortium member companies for their on-going support of this important initiative.