MedicaSafe
HCID Member | Medical Devices & Tech  Advamed Member
131 Varick Street, 9th floor
New York, NY 10013 USA
phone: 212-925-0741
fax:
Symbol Private
Founded 2007
Employees 5
www.medicasafe.com
Research Sector Medical Devices & Tech
Summary Description
Integrated drug dispensing devices and usage tracking systems for increased medication adherence and compliance
Management
Matt Ervin, CEO
Keywords
drug delivery, medication compliance, patient monitoring, addictive drugs, risk management, disease management

Comment | Printable Version | Jul. 11, 2008
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Description
MedicaSafe is creating solutions for medication compliance/adherence that are applicable to the real world. The company's drug dispensing devices can assure medication adherence and compliance in either commercial clinical settings or during clinical trials.
Products / Services
MedicaSafe provides a patent-pending drug management solution, incorporating a range of drug dispensing pillboxes and proprietary usage tracking systems facilitating patient monitoring and medication access management. MedicaSafe's products include risk management systems for 'abuse-prone' drugs and monitoring/reminder systems for 'high-stakes' medications where adherence is critical.
Technology / Differentiation
Patient compliance is monitored via a centralized tracking system that can prompt the patient to correct underuse of the medication or limit drug access to prevent overuse. Additional technical information, including the details of its proprietary technology, will be made available upon request.
Market / Customers
Lack of adherence in a clinical setting is estimated to produce 125,000 deaths and $100 billion in healthcare costs annually. MedicaSafe's solutions are primarily applicable for clinical use with high-stakes medications, clinical use with addictive or psychiatric drugs, clinical trials and post-trial monitoring.
Strategy
Complete strategy, including product development milestones and strategic relationships, is available upon request.
Funding
The company has been funded to date primarily via grants.
Status
The company announced its intent to seek series A financing in the first quarter of 2008.


2008-11-23-498