Merck Launches its LANEXO Lab Inventory, Safety and Compliance Management System
CEO Insights team, 0
Merck, a leading science and technology company, launches its LANEXO Lab Inventory, Safety & Compliance Management System, and becomes the first to market digital laboratory informatics solution with radio-frequency identification (RFID) labels. The system is an expansion of Merck's portfolio of digital lab productivity solutions. Providing rapid access to data, it will improvise the lab functions, enhance quality, traceability, and thus avoid wastage of time. This new advanced system can aid in advancing and commercializing laboratory informatics. Merck estimates that LANEXO™ System will provide a 97 percent time savings on inventory management and a 92 percent time savings on setting up an experiment and documentation.
Deploying the application of data using a platform of software, data management tools and equipment, this laboratory informatics will allow scientific data to be captured & interpreted for immediate use, and then stored for future research & development purposes. According to a recent Research and Markets global market outlook report, the laboratory informatics market, valued for $2.4 billion in 2018, is expected to reach $5.45 billion by 2027.
Augmenting the launch’s significance, Jean-Charles Wirth, head of Applied Solutions, Life Science at Merck
comments, “Today, 85 percent of labs are using paper or Excel to manage consumables data, and 25 percent of time is spent managing these data, taking scientists away from bench research.” He adds further, “Lab efficiency is critical as it gives scientists more time to focus on their research and analytics work and less on administrative tasks, which ultimately leads to faster drug development. Our LANEXO™ System — with first-to-market features — underscores Merck's commitment to advancing and commercializing laboratory informatics.”
The cloud-based LANEXO System can be easily installed and expeditiously integrated into existing lab systems. It includes mobile (Android) and web applications and is designed for use in highly regulated analytical and research labs in pharmaceutical, quality assurance/quality control and industrial testing markets.
With the RFID labels, it can auto-register open dates and calculate expiry dates. The overall lab reagent data can be captured steadily in real time with LANEXO System. Digitalized inventory, expiration and storage monitoring reduces human error and safety risks and improves the reliability and traceability of compliance documentation. Fundamentally, each reagent, including in-house preparations, can be instantly matched to a full audit report. Within an experimental workflow, the system allows for easy reagent identity checks and provides automatic alerts, helping scientists to avoid using expired reagents and minimizing experimental error.
Prior to LANEXO™ Merck had launched Milli-Q Connect, a cloud-based service portal for its water purification systems. It had also acquired BSSN Software, a lab informatics company that makes data more readily accessible for ease of integration, collaboration, analysis and long-term archiving.
The cloud-based LANEXO System can be easily installed and expeditiously integrated into existing lab systems. It includes mobile (Android) and web applications and is designed for use in highly regulated analytical and research labs in pharmaceutical, quality assurance/quality control and industrial testing markets.
The cloud-based LANEXO System can be easily installed and expeditiously integrated into existing lab systems
With the RFID labels, it can auto-register open dates and calculate expiry dates. The overall lab reagent data can be captured steadily in real time with LANEXO System. Digitalized inventory, expiration and storage monitoring reduces human error and safety risks and improves the reliability and traceability of compliance documentation. Fundamentally, each reagent, including in-house preparations, can be instantly matched to a full audit report. Within an experimental workflow, the system allows for easy reagent identity checks and provides automatic alerts, helping scientists to avoid using expired reagents and minimizing experimental error.
Prior to LANEXO™ Merck had launched Milli-Q Connect, a cloud-based service portal for its water purification systems. It had also acquired BSSN Software, a lab informatics company that makes data more readily accessible for ease of integration, collaboration, analysis and long-term archiving.