How many big corporations license technology to boost their IP? Technology licensing is normal in the course of business.
I was an investor in Biometrx - loved that company and their management team built a great business. Products selling at major retailers, acquired their biggest competitor and all of their products. But like many other BB companies they got stuck in death spiral funding which significantly devalued their stock. And then of course we had 2008 and the fall of the economic system.
I'm glad to see their former COO, now CEO of Rxsafes is back in this business because she seems to know how to commercialize this technology into mass market. She seems to be able to build strong relationships with market leaders and these relationships provide market opportunity. And I think its a smart move to focus in the healthcare market where the technology is sorely needed to provide tighter control, prevent theft and for overall safety and security.
I'm in this for the long run and can't wait to see what the company does from here - they are significantly undervalued right now - I just hope they can raise the necessary money - if they can I think they can do big things
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