exactMed Ltd.

Millions are in a dire need of help taking their medication correctly. Well, exactMed has a unique solution for that, ~70% improvement on status quo; Not bad!

  • Stage Product In Development
  • Industry Healthcare Services
  • Location Toronto, ON, Canada
  • Currency CAD
  • Founded October 2011
  • Employees 2
  • Incorporation Type LLC
  • Website exactmed.ca

Company Summary

Hello Investors,

Below is a short introductory video on exactMed Ltd solution.

In repeated studies it has been stated that around 50% of the patients do not adhere to their medications adhere to their prescription and 10% of all hospitalization is due to medications non-adherence. Non-adherence is estimated to be responsible for 120,000 preventable deaths in Canada annually.

The solution addresses non-adherence by
• Preparing and delivering the exact dosage at the prescribed time.
• Registering the medication pick-up time information for monitoring adherence.
• Invoking community of care to of missed dosage to ensure adherence.
• Reducing the stress level of a patient and his/her relatives and friends by providing information on adherence.
• Allowing a physician to change regimen on the fly.
• Prevents under/over dosage

The solution also helps analyze the effectiveness of a new medication or different medication regimens by easily monitoring real time adherence data. In addition, it opens doors to increasing effectiveness of medication regimens through predictive and prescriptive analytic as data is reliable, and available in real-time.

The technology improves by preparing and dispensing the dosage on the fly one unit at a time.

The connected device allows reliable real-time adherence data collection.
Securely transporting and storing the medication in the dispenser in sealed container (smart vial) ensure traceability of the medicine from the pharmacy till the time the patient pick-up medicine from the dispenser.

What's unique? Dispenses single unit of medication at the prescribed time to make and dispense dosage by having a uniquely designed vial that allows pills to be stored separately unlike the present compliance packs.
The dispenser stores the medicines in a sealed and secured manner. A dispenser can hold multiple vials, and accesses the medication in these vials to make a prescribed dosage.
When the dosage is picked from the device, the device sends this data to a server for logging adherence data. Which can viewed later through authorized access.
In case dosage is not taken on time, the device connects to the community of care to invoke them to ensure adherence.
Involves private social network (community of care) of a patient.

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