For life sciences & healthcare
Built around how regulated products are made, stored and used.
A Foravita contract is only as good as the product behind it. Here is how each contract defines the product, protects its quality and accounts for it from the manufacturer's dock to your shelf.
01 · Product definition
What exactly is being bought.
Medicines
Defined by USAN established name, dosage form, strength and package, with an acceptable set of NDCs. A reference product and its A-rated equivalents in FDA's Orange Book can fill the same contract; over time, interchangeable biologics in the Purple Book can too.
Devices
Defined by device identifier (UDI) and specification, referenced to FDA's Global Unique Device Identification Database.
Diagnostics
Test kits, reagents and consumables, defined by UDI and specification, with lot, storage and expiry handled like any other regulated product.
Equipment
Durable and capital equipment, defined by model and specification, with delivery terms suited to larger, less frequent purchases.
02 · Quality & storage
Held under GMP from the manufacturer's dock.
Qualified facilities
Product is stored at a licensed, GMP-capable third-party logistics provider, not at the buyer or seller.
Labeled conditions
Controlled room temperature, refrigerated or cold-chain storage per the product label, with continuous temperature monitoring.
Recall-ready, lot by lot
Every lot is tracked from receipt to release, and every contract covers recalls: if FDA issues a recall or import alert, affected lots are quarantined and the supplier delivers replacement product.
Delivered into inventory
Product arrives in the buyer's designated inventory within the contracted delivery window.
03 · Shelf life & end of life
Expiry is priced in, not written off.
Minimum remaining shelf life
Each contract sets the minimum dating at delivery: [X months] remaining.
Storage to expiry
Storage is covered from the manufacturer's dock through expiry, whether or not the product is called for delivery.
Destruction included
Expired product is destroyed by a qualified vendor with documentation. The cost is part of the contract price.
True total cost
Buyers see the all-in cost of having product available, not just the acquisition price.
04 · Traceability
Serialized and DSCSA-ready.
Contracts assume serialized product carrying the DSCSA product identifier: NDC, serial number, lot and expiration date. Required transaction data moves electronically between authorized trading partners at each change of ownership.
Tracing is designed to run through established track-and-trace providers, so participants plug into processes they already run.
05 · Delivery
Delivered to your door or dock, with everything else you receive.
Normal receiving
Product arrives at your dock alongside your other deliveries and goes into inventory through the receiving process you already run.
No new workflow
Pharmacy, supply chain and materials management teams handle it like any other shipment: same paperwork, same checks, same shelves.
Dock to dock, included
Transportation from the supplier's dock to yours is part of the contract price.
On the agreed schedule
Deliveries arrive within the contracted window, at the size and frequency that fit how the product is used.
Is your product a fit?
Where Foravita adds the most value
Products with several qualified suppliers and steady demand benefit most from contracts built for them.
What makes a strong fit
Multisource, with several suppliers of FDA-approved equivalent products
Steady, predictable demand at the buyer
Clear storage requirements and shelf life
A history of price volatility or supply disruption
References
- FDA, Approved Drug Products with Therapeutic Equivalence Evaluations (Orange Book)
- FDA, Purple Book: Database of Licensed Biological Products
- FDA, Drug Supply Chain Security Act (DSCSA)
- 21 CFR Part 211, Current Good Manufacturing Practice for Finished Pharmaceuticals
- FDA / NLM, AccessGUDID: Global Unique Device Identification Database
- AMA, United States Adopted Names (USAN) Program
- FDA, Drug Shortages