Navigation Links
MedBox Announces Ticker Symbol Change
Date:11/8/2011

HOLLYWOOD, Calif., Nov. 8, 2011 /PRNewswire/ -- MedBox (Pink Sheets: MDBX) (www.thedispensingsolution.com), announced today that they have changed their ticker symbol to MDBX.  The company previously announced that their name was changing from MindfulEye to MedBox.

The company is a leader in the design, manufacture and distribution of automated dispensing systems of prescription medicines. The free-standing unit features 60 or more slots that can accommodate a wide variety of medicines and dosages, and is protected by both a military grade reinforced steel framework and an advanced bio-metrics fingerprint recognition system.

MedBox is a patented dispensing system and software program that utilizes special identification cards that are encoded with the patient's unique fingerprint and prescription allotment information. The process allows for pharmacies, hospitals, and clinics to document that the patient visiting the machine is a registered patient and that the patient has a valid and unexpired authorization from a physician to possess and use the medicine. Each transaction is tracked internally for accounting and compliance purposes. Patient information is all kept securely onsite and not online, as the software is completely self-supportive and does not require an internet connection.

The system has many benefits, which include:

  • Inventory control for operators
  • Safe and convenient access for patients,
  • Decreased overhead
  • Limitations on amounts dispensed to patients
  • Fraud prevention as every transaction is documented
  • Accurate taxation reporting to cities and states

By placing this system in a conventional pharmacy, owners and operators can reduce the long lines and uncomfortable waits that customers endure, and minimize the necessity for employee interaction on simple refills on standard items. This reduces overhead, streamlines operations and provides added convenience for the customer.

The units are built by AVT, Inc – one of the nation's leading developers of automated retailing systems.

"We offer systems that benefit both the patrons that receive their medication though our machines as well as the pharmacies that utilize our technology", states Vincent Mehdizadeh, CEO of MedBox. "The patrons get quick and convenient access to their medication, while the pharmacies gain increased inventory awareness, unparalleled accuracy, and lower overhead costs". 

MedBox is now traded on the OTC Board, ticker symbol MDBX.

About MedBox:  

MedBox is a leader in the automated dispensing of medicines, and has offices throughout the world, including New York, Tokyo and the corporate headquarters in Los Angeles. The system has been praised by virtually all parties because it reduces fraud, waste and abuse. The system provides accurate taxation reports, as the transaction logs cannot be modified. Limits can be set as to how much medicine the machine can dispense to patients (per day, week, month, etc.), as well as documents possible misuse if patients are registered at multiple locations and are accumulating large quantities of medicine. The machines will not dispense to patients that are not registered and do not possess an identification card, fail fingerprint verification, have an expired prescription or have reached their dispensing limit (if applicable). The system software will not permit registration to individuals under the age of 21 and will not dispense to those individuals.

MedBox provides their proprietary, patented system and consulting services to pharmacies, clinics, hospitals, and medical groups worldwide.


'/>"/>
SOURCE MedBox
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. SMT Research & Development, Ltd. Names Shuki Porath as Vice President and General Manager, Announces TCT Presence
2. ECRI Institute Announces its Top 10 Health Technology Hazards for 2012
3. Echo Therapeutics Announces Third Quarter 2011 Financial Results
4. International Isotopes Inc. Announces the Completion of an Agreement in Principle With Idaho State University for the Production of Copper-67 for Experimental Use in Cancer Treatment
5. Cardiac Dimensions Announces Presentation of Two-Year Efficacy Data From TITAN Clinical Trial
6. NephroGenex Announces the Successful Completion of PYR-210
7. Mindray Announces Up to $100 Million Share Repurchase Program
8. Mindray Announces Third Quarter 2011 Financial Results
9. Delcath Announces Fiscal 2011 Third Quarter Results and Recent Developments
10. Hologic Announces Fourth Quarter and Fiscal 2011 Operating Results
11. Onyx Pharmaceuticals Announces Data Presentations Highlighting Carfilzomib at 53rd American Society of Hematology Annual Meeting
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/29/2017)... DIEGO , March 29, 2017  NuVasive, ... focused on transforming spine surgery with minimally disruptive, ... Administration (FDA) 510(k) clearance of the CoRoent® Small ... multiple contiguous levels in the cervical spine. This ... cage to be used at up to four ...
(Date:3/29/2017)... March 29, 2017 On March 28, the U.S. Food ... patients with relapsing forms of multiple sclerosis (MS) and ... drug approved by the FDA for PPMS. Ocrevus is ... "Multiple sclerosis can have a profound ... , M.D., director of the Division of Neurology Products ...
(Date:3/29/2017)... Connecticut , March 29, 2017 ... company Sectra (STO: SECT B) announces ... will install Sectra PACS in their healthcare enterprise. ... the Epic EMR, will enable access and sharing ... pathway. Additionally, UPHS and Sectra will enter into ...
Breaking Medicine Technology:
(Date:3/29/2017)... , ... March 29, 2017 , ... ... with wearing oral braces. "The rubber bands used in conjunction with my braces ... I decided to design a way to prevent this problem." The O.B.S. was ...
(Date:3/29/2017)... ... March 29, 2017 , ... ... of Pittsburgh now have easier access to the robotic-assisted total-hip and partial-knee ... Network (AHN). Orthopaedic surgeons at Forbes Hospital and Jefferson Hospital recently started ...
(Date:3/28/2017)... ... 2017 , ... A recent Bellwether Education Partners’ report begins ... must first improve teacher preparation program design. It then asserts that teacher-education programs ... of input- and outcome-based research has failed to improve teacher education. , This ...
(Date:3/28/2017)... MN (PRWEB) , ... March 28, 2017 , ... ... (MRE), is pleased to be invited to the Siemens Healthineers annual customer ... professionals. The event will take place from March 27 - 31, 2017 ...
(Date:3/28/2017)... NY (PRWEB) , ... March 28, 2017 , ... ... process management software and services, is proud to announce it has joined the ... professional association representing the interests of chronically ill, disabled, and dying Americans of ...
Breaking Medicine News(10 mins):