Bio-Tech has been in business since 2007 and has been involved with multiple state bills in both Florida and Colorado. The company also has contacts in additional states that they will continue to tap in pursuit of further legislative opportunities. Their flagship marijuana tracking system, BioTrackTHC, has been in production use for over two years and has been featured in many news segments, including 60 minutes. BioScriptRx was initially piloted in 2009 as a controlled substance tracking platform, but has since expanded to include pseudoephedrine tracking and biometric e-prescribing. The company's CEO, Dr. Steven Siegel , said "Medbox is the perfect partner for both of our major product lines. Their patented technology, goals, and proven track record are consummate with our own and we look forward to a long-term, mutually beneficial relationship."
According to the Centers for Disease Control and Prevention, prescription pill abuse is a national epidemic. Officials in Pennsylvania are moving quickly to integrate biometric means of reducing prescription abuse and fraud. Last year, New York signed the I-STOP law that requires real-time monitoring of prescriptions and electronic distribution of prescription pills. A number of other states are also looking for means of controlling the epidemic.
"This is the future of prescription drug regulation. We believe it is only a m
|SOURCE Medbox, Inc.|
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