The pharmaceutical industry faces regulatory scrutiny on a daily basis. Not only do strict regulations exist to protect patients, but also to prevent abuse, overdoses, and illicit drug trafficking. Today’s blog from CustomVault explains the four major reasons why you need a pharmaceutical vault for your pharma storage.
1. Federal Regulations
Schedule I and II controlled substances require pharmaceutical vaults for storage. These substances have medical value, but they’re capable of becoming highly addictive if people develop psychological and physical dependence on these substances. If your company manufactures, ships, or stores prescription medications on the Schedule I or II list, you must have a vault for storage.
Prescriptions on these schedules include:
- Hydromorphone (Dilaudid)
- Meperidine (Demerol)
- Oxycodone (OxyContin)
You can’t stay in business, let alone build a new or improve an existing facility, without having a pharmaceutical vault that complies with federal regulations.
2. Enhanced Security
A vast majority of drug arrests (86.7%) are for people in possession of a controlled substance, including prescription drugs. Meth and Oxycodone combine to account for more than one-third of all U.S. drug trafficking offenses.
While many drug traffickers get their hands on prescription drugs through individuals, you can’t take the risk that an armed individual will hit your facility. The right pharmaceutical vault system is impenetrable. If someone is on-site during a burglary, enhanced security measures can save lives.
3. Reputation With Customers
You require a sterling reputation to do business. Otherwise your customers will find other suppliers. As you sign contracts, negotiate with prospects, and outline your processes, noting that you have a top-of-the-line vault that is certified against sophisticated attack per GSA and UL608 standards gives customers peace of mind that you can deliver.
4. Lowering Insurance Rates
A pharmaceutical vault can lower your company’s insurance costs. That’s why it makes sense to have the best security possible, even if it’s not required by law, because you lower your risk of doing business. Lower insurance costs allow you to repurpose the savings to research and development, marketing, software, and more staff.
Proof of Vault Security With CustomVault
Need another reason to add a world-class pharmaceutical vault to your facility? Take a look at our video showing proof that our vaults withstand burglary attempts. We take compliance seriously for your pharmaceutical vault. Contact CustomVault, and we’ll start discussing your requirements.