Sharp, part of UDG Healthcare plc, has launched a new Inventory Management System (IMS) to support clinical trial sponsors in managing inventory and supplies.

The new system—named Clinventory—has been designed to provide full visibility of stock levels at investigator sites and tracking product through the supply chain.

Using the Clinventory IMS will also create efficiencies for trial sponsors by aiming to improve the drug management process by leveraging automation to increase reliability.

Sascha Sonnenberg, Global Head of Business Development at Sharp Clinical said “Clinventory has been designed specifically with those smaller-volume, early stage or open label clinical trials in mind, where a larger, more expensive inventory system might offer an array of functionality that is surplus to needs.”