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A portable-medication-test-card startup a day keeps the FOMO away.
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Startup of the Year: Daily Dealflow
most promising and innovative startups from around the world.
#DailyDealflow newsletter delivers one seed-stage startup a day, every work day
and is presented by Silicon Valley Bank. |
Veripad
Veripad's portable chemical test card and a companion mobile application make it easier than ever to detect counterfeit and falsified medicines.
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Veripad is a U.S. based health IT company working to prevent the spread of counterfeit and falsified medicines globally by offering an affordable and convenient technology to chemically test the quality of medicines. Our innovative technology uses a portable chemical test card and a companion mobile application to determine the quality of suspicious medicines in minutes. By essentially creating a lab in your pocket, Veripad has made it easier than ever to detect counterfeit and falsified medicines in any environment.
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⚙️ Product Stage
Beta—Public
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🏭 Industries
Health and Wellness, Medical Devices, Pharmaceuticals
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🤑 Fundraising Status
Prefer not to say
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📈 Last Funding Stage
Angel
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💸 Total Funding to Date
$50,000
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Big Wins
We currently have two pilots running. One with the Kenyan Government and one with Americares, a multinational NGO. Our technology has been used over 5000 times by partners in 7 countries around the world. We have also obtained a sponsorship by Merck, KGaA, a multinational pharmaceutical company. We have secured two new B2B customers who have ordered our technology for use in Q1 2018.
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Competitive Advantage
Veripad's core innovation is a test card pre-loaded with chemical reagents that react with various medicines to identify their components and the companion mobile application that quickly interprets the results for the user. It is disruptively affordable and easy-to-use, making it possible to collect data from many more locations, and with much larger sample sizes. This allows for a more thorough understanding of where counterfeit medicines originate and travel. With this information, not only does the user now know if their medicine is authentic, everyone in their community can benefit and be protected. As we grow and more users test medicines, the data can help pharmaceutical companies, government regulatory agencies, and NGOs create more impactful policies and legislation. The aggregated data will also be used to create a comprehensive predictive analytics platform which will help ensure the security of the global supply chain through real-time monitoring of drug quality.
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Contact the Founder:
Bishoy Ghobryal
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