Platform for Preventing Prescription Drug Misuse &a; Addiction
Business Model:
Revenue: $0
Employees: 1-10
Address:
City: New York
State: New York
Zip:
Country: United States
Addinex is preventing medication addiction and misuse. Our patented dispenser, mobile app, easy disposal, and data address key drivers of the opioid crisis: over-prescription, overuse, and lack of disposal. We offer a low-cost medication dispensing system to reduce the risks of misuse and addiction. A Columbia University study of patients undergoing major cancer surgery showed that our system resulted in 70% fewer pills taken vs CDC guidelines, 67% fewer refills, and an 84% disposal rate of excess pills vs &l;10% in other studies. The CDC has awarded Addinex a grant to adapt our system for addiction treatment medications and our system was named a “World Changing Idea” by Fast Company magazine.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 10/2018 | Funding Round | $280k | 3/2021 | Angel Round | 1 | $550k |
Investor&s;s Circle Investor&s;s Circle |
9/2022 | Grant | 1 | $260k |
Centers for Disease Control and Prevention Centers for Disease Control and Prevention |
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