$SAFC (0.20) About the company : We were incorporated in Delaware on November 23, 2010 and are a development stage company owning the patent pending technology invention for a voice enabled protector for administering medicine.
The technology has the potential to be adopted as a standard in all hospitals and care centers as well as regular homes, for improving the safety of medication administration.
Specifically, the technology matches the drug names and voice templates as a threshold mechanism for unlocking a medication container such as a syringe or a pill box prior to the administration of the medication.
This invention is intended to help minimize accidentally administering the wrong medication to a patient by requiring a care-giver, such as a doctor or a nurse, and/or an individual taking medicine to verbally announce the name of the medication that should be administered.
If the medicine does not match the verbally announced name of the medication the medicine cannot be released from its container to be administered.
Safecode Drug Technologies Corporation believes the future of its technology to save and prevent many injuries from accidental administration of the wrong medication.
On December 15, 2010, the SAFC entered into an Assignment agreement in relation to a voice-enabled protector for administering medicine whereby the SAFC acquired all of its interests.
