InvestorsHub Logo
Followers 30
Posts 1043
Boards Moderated 0
Alias Born 07/11/2005

Re: None

Friday, 11/11/2011 10:30:12 PM

Friday, November 11, 2011 10:30:12 PM

Post# of 10804
SCKT...FDA requirements on bar coding:

The FDA is taking final comments in January 2012 before making their final requirements. For the most part, all medication/biological products will need to be bar coded for prescription verification (esp at hospitals) within 2 years:

http://www.medicinenet.com/script/main/art.asp?articlekey=31097

(There are two good articles there. Just scroll down for the second one)

"Fundamentally, this bar code system is a good idea but it is not without concerns. Most hospitals in the US do not have the equipment already in place to implement a bar code system. And the technology will involve not only scanning the product bar code but also the bar code on the patient's ID bracelet."

Sounds like a nice business opportunity for SCKT, eh??

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.