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CARING CLOSURES INTERNATIONAL / SAFE RX® ADDED AS A SPONSOR
Caring Closures International, through its pharmacy subsidiary Safe Rx, has developed and patented the nation’s first locking prescription vial (LPV®) purpose-built for pharmacy dispensing of controlled substances. The Company was formed to close a regulatory blind spot that has fueled the opioid epidemic for decades: DEA-mandated security ends at the pharmacy counter, and 75% of post-pharmacy drug diversion originates from uncontrolled access to medication in the home.
Safe Rx’s award-winning LPV® addresses this directly with a 4-digit PIN-secured locking medication vial with 10,000 possible combinations, tamper-evident features, e-prescribing and billing integration, and a certified senior-friendly design validated at a 90% pass rate with no hand strength required. Protected by 15 issued patents with a 16x cost advantage over the nearest consumer alternative, the LPV® is the only solution of its kind designed for pharmacy dispensing workflow and is used in both prevention and recovery treatment. Clinical studies have demonstrated a 100% reduction in missing medication, a 3.8x increase in patient awareness of medication risk, and reductions in the top three barriers to patient enrollment in medication-assisted treatment, the gold standard for opioid use disorder treatment that carries a 78% patient accessibility gap in the US.
Safe Rx enters the market at a moment of acute and worsening national need from both public health and economic perspectives. 70% of teen misuse is sourced from home medicine cabinets, and children aged 5 and younger visit the ER every seven minutes from a drug or supplement poisoning. The annual cost to US employers of prescription misuse is $467 billion, and the healthcare system bears approximately $24 billion annually from excess cost of care.
With its scalable, capital-light pharmacy innovation platform including over 350 customers in multiple segments, a federal customer now expanded agency-wide, and 3 statewide opioid programs underway, Safe Rx is an up-and-coming pharmacy innovation leader poised to solve major public health problems and generate significant savings for multiple stakeholders in the US healthcare system and economy.
Please also see Caring Closures Sponsor page on the Intrinsic Value Wealth Report Newsletter for more information.