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MedicaSafe
Healthcare Services
131 Varick Street, 9th floor
New York, NY 10013 USA
phone:212-925-0741
fax:
Symbol Private
Founded 2007
Employees 10
www.medicasafe.com
Research Sector Healthcare Services
Summary Description
Technologies for medication compliance and adherence
Management
Matt Ervin, CEO; Michael Davis, CSO; Ted Pak, CTO
Keywords
drug delivery, adherence medication compliance, patient monitoring, addictive drugs, risk management, disease management

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Updated: May 12, 2011

Description
MedicaSafe creates innovative technologies for medication compliance and adherence. These solutions also address needs for regular patient assessment, tracking, and medication access management, enabling creation of comprehensive treatment management systems that reduce labor and costs while improving outcomes.
Products / Services
MedicaSafe's products include risk management systems for 'abuse-prone' drugs and monitoring/behavioral modication systems for chronic and high-stakes medications where adherence is critical.
Technology / Differentiation
A patent-protected approach, developed with funding from the NIH, facilitates patient behavioral modification and patient tracking. The system can be geared to correct underuse of medication or, alternatively, limit drug access to prevent overuse.
Market / Customers
Lack of adherence/compliance in a clinical setting is estimated to produce 125,000 deaths and $100 billion in health care costs annually. MedicaSafe is targeting areas of specific applicability such as:
1) Risk Management (REMS)
2) Mental Health Medications
3) High-Value Chronic Treatments
4) Clinical Trials
Strategy
Company is currently in a trial to demonstrate efficacy of their systems.
Funding
The company has funded to date primarily via NIH grants and a Series A round which includes advisory board members.
Status
The company is planning a Series B financing in 2011.


2012-02-08-4228