MEDICAL DEVICES: Finally a Drug Delivery Device Which Doses, Protects and Delivers the Prescribed Dosage of Highly Regulated Painkillers – (e.g. Morphine) Right From the Comfort of a Patients Home
Curing Capital is proud to bring you today’s featured Company which has a proprietary patent pending drug delivery device that allows a patient to receive the adequate amount of analgesic drugs (painkillers), right from the convenience and comfort of their home. Strong analgesic drugs, such as Morphine are used in medicine to relieve severe chronic pain in mid- and late stage cancer or AIDS treatment. The big concern that patients have in achieving pain relief is being able to get adequate and safe dosages of these drugs. Hospitals and Doctors’ offices face some of the most stringent rules and regulations as you can imagine for the distribution of pain killers and in particular the distribution of strong analgesic drugs to prevent misuse, abuse, diversion and as a result only small quantities lasting just 3-5 days are given out to patients. The saving of monies as a result of just going to the doctors once a month instead of 6 -12 times a month is staggering. In addition, when was the last time you went to the Doctors office and didn’t have to wait as much as 1 hour+ past your scheduled visit to meet with the Doctor? The device creates logistic and time consuming benefits for patients, nurses, pharmacists and physicians. In addition, the device has a bio-metric solution included that authenticates the real identity of the user and also features a unique and innovative drug in-activation system preventing misuse, abuse and diversion while allowing to bring up drug dose for up to one month of treatment.
To request a full package on the featured company please fill out the form below
According to WHO, drug delivery devices assure stricter compliance of patients to the drug prescription
A high dose of analgesic drugs taken by a patient who was not suffering from pain could be fatal; unfortunately the average person can’t afford these very expensive drug delivery devices that currently exist on the market. Without a programmable drug delivery device in place patients may end up abusing prescribed medication.
Facts:
- Patients can access pain medication at lower price without frequent travel to the hospital and interaction with medical professionals for treatment.
- Auto-medication (PCA) is proven as more effective than forced hospital treatment while using fewer drugs.
- Treatment in home environment has often positive psychosomatic effect.
- Technology allows Nurses and Physicians to spend less time with each patient for prescription and drug dosage only.
- Less hospital beds occupied by patients needing simple pain management generating financial savings to the hospitals, payers and community.
- Detailed record of medication use – control and accurate feedback about drug consumption to narcotic control authorities; minimizes risk of drug diversion, abuse and misuse.
- Significant reduction in costs and much more efficient morphine administration
- Decrease of hospital days by allowing homecare use
- Data recording features – for trending and budgeting
100% Swiss smart-engineering: high tech for low cost!
Market and Concentration: To give you an idea of how big the market is for in-home drug delivery devices is, severe pain is experienced by 75% of cancer patients at one time or another in the course of their disease. The majority of these people will be using analgesic drugs and taking trips to their doctors, stressing to make an appointment on time, getting a parking spot, using gas and host of other unnecessary items when they could be treated in at home. Look, 90% of all patients can be treated effectively using appropriate drug therapy, in particular opioids like morphine. The Company will initially focus on drinkable opioids used for mid- and late stage cancer related pain management in industrialized world as this represents over 15 Million patients then plans to address unmet needs in BRICS and developing countries. The featured company is focusing on EU Countries with well-developed homecare program as well as industrialized countries with a well-developed homecare structure that encourage and allow patients to be treated in the home environment.
One Sector Alone Represents $500 Million in Revenue!
Competitors: The majority of secured drug dispensers are used in hospital environments or if a doctor can afford it, in their office. These drug dispensers are expensive and cannot be easily used in home environments. Now, if you actually find a device that can be used in a patient’s home and the device were affordable (which they aren’t in most cases), you would find that these devices have too many features and functions in decreasing abuse as well as protecting the patient without huge risk. ************The featured device is very simple to use (one button only) and it is very inexpensive, which will help to replace the need for the patient to travel to the distribution point or wait for nursing staff to come to their home for drug administration. Morphine administered by this drug dispenser is at least 3 xs cheaper per day than the current delivery systems on the market.
The most cost efficient and safest morphine administration form – Made for use in a home and carries a biometric key for safe usage
Management: Management team has vast experience in medical and technology fields and is recognized for their work worldwide…
CEO: 25+ years in the health care industry: Serono, Haemonetics, Boston Scientific and three med-tech and pharma / drug delivery start-ups.
CTO: 4 years R/D in micro-technology industry; 18 years in computer industry, mainly with a major US manufacturer (Data General), 11 years as CIO in a large hospital (CHUV-Lausanne).
CFO: 7 years external and internal audit experience (PWC and Philip Morris); 16 years senior financial management (Controller Gerald Metals, Finance Director Pfizer subsidiary and Unisys Europe, CFO Europe Exigen).
Opportunity: The Company is looking to raise $3-5 million (at once or in portions) so please send me an e-mail or give me a call to request a full package and we will have the Company forward the material to you.
