A company with a mission to prevent medication misuse and improve outcomes
Doctors write over 140 million opioid prescriptions annually to 50 million Americans.
10 million people misuse opioids, over 2 million people are addicted, and 80% of heroin users started on prescription opioids.
For the first time ever, overdose deaths exceeded 100,000, including over 80% from opioids, more than from car accidents.
The Addinex team is focused on preventing opioid misuse, addiction, and overdose, and treating those with Opioid Use Disorder.
Clinical studies have demonstrated that opioid misuse and addiction are driven by three key drivers.
The Addinex system is designed to help clinicians and patients to counter each of these key drivers with the goal of stopping the epidemic in its tracks.
Up to 92% of patients have unused pills after surgery according to a study by Johns Hopkins University.
The American Journal of Law and Medicine states that there is a "paucity of trustworthy, current data" in prescribing opioids.
Lack of Disposal
The JHU study found that more than 90% of patients fail to properly dispose of leftover pills leading to over 3 billion opioids annually retained or diverted. 50% of illicitly used pills come from one's own or a friend's medicine cabinet.
Risk of addiction increases with initial time of use. A University of Michigan study found that one in 16 users of opioids become chronic users after just one dose and the risk of prolonged use increases dramatically after 4-5 days. You have a one in five chance of still being on the drug after one year if you take an opioid for just 10 days.
Addinex has developed a low-cost, patented opioid dispensing system to prevent prescription drug misuse with:
Password-protected dosage access,
Real-time patient education,
Excess medication destruction, and
Data feedback on actual usage patterns.
Like the proven efficacy of seatbelts in cars and helmets for motorcyclists, our system
adds a level of protection for useful, but potentially dangerous medications.
Each dose requires a unique passcode that matches only the patient with the device. Passcodes are only released to the actual user and on the prescription's schedule.
The Addinex dispenser does not allow a patient to access the next pill until the minimum time interval has passed based on the prescription. For example, one pill 2-4 times per day allows one pill every six hours
Easy to Use App
All passcodes must be requested through our digital database via our mobile app, web app, text, or call-in service (coming soon). The request process is quick and easy.
The Addinex dispenser has no electronics making it very cost effective. All of the patient specific features of the system are accessed via the related App or other methods.
Addinex's patented device and integrated system offer the following unique benefits to
patients, doctors, insurance companies, pharmacies, and society.
Addiction Cost Savings
According to the U.S. Council of Economic Advisers, medical insurers spend over $65 billion annually on opioid addiction. Greater control over initial opioid usage and elimination of access to excess drugs will result in significant savings to the bottom line.
Doctors write over 150 million opioid prescriptions with 3.3 billion excess pills being retained annually. Since our data can help doctors avoid over-prescribing, insurance companies can save billions of dollars from lower prescribing levels and less diversion of pills for illicit use.
How It Works
Step 1: See Your Doctor
Your doctor or insurance company may recommend or require the use of the Addinex system to manage your at-home opioid or Suboxone use. Your doctor will determine your specific pain medication, dosage, and duration.
Step 2: Pharmacist
The pharmacist will fill your prescription using the Addinex system and provide you with both the dispenser and a pre-paid disposal mailer, if necessary.
Step 3: Addinex App
Simply enter the Addinex dispenser ID and personal ID to gain access to your unique device passcode. Answer a few simple anonymous questions to help Addinex provide you with personalized feedback on usage and treatment monitoring (e.g., pain levels, side effects, etc.).
Step 4: Dispense Your Medication
Enter the unique passcode obtained from the app for each dose, but no more often than the doctor prescribed. Repeat as needed or recommended by your doctor.
Step 5: Get Educated
Addinex will provide you with valuable information (e.g., possible side-effects, addiction statistics, etc.) each time you take a dose. Our app will monitor your treatment progression and alert you, your doctor, and a caregiver of your choice on any abnormal outcomes. You will also be warned when you attempt to take more medication or more often than is typical for similar patients.
Step 6: Dispose of Excess Medication
Once you feel better, it's time to return the device. To avoid the risk of access by unauthorized users and to keep yourself safe from using the medication in the future without a doctor's oversight, we require that the Addinex dispenser be returned for disposal in our easy-to-use pre-paid mailer which can be sent via U.S. mail. Addinex will alert doctors if patients fail to return the device which could compromise access to future prescriptions.
Co-Founder & CEO
Jay is a Wall Street veteran who has invested over $1 billion in small and mid-sized businesses. He has managed private investment businesses for Merrill Lynch, a $1 billion private equity firm, and a venture-backed finance company. Mr. Schiff holds a BA in Economics from Cornell University and an MBA in Finance from NYU.
Co-Founder & CTO
Stan started several technology-based companies and is a versatile engineer with experience in mechanical, electrical, and software engineering. He holds both BS and MS degrees in Engineering from NYU.
Michael Genovese, MD
Dr. Genovese is the Chief Medical Officer for Acadia Healthcare, the largest stand-alone behavioral health company in the U.S. He was a fellow at the NYU/North Shore University Hospital Child and Adolescent Psychiatry Program and he completed residency training at the University of Connecticut School of Medicine. He also holds a JD degree.
Ozkan is a former industrial engineer turned software engineer. He won a Google scholarship, earning a Front End Nanodegree certificate, and also earned an International Scrum Master certificate. Ozkan holds an engineering degree from Kocaeli University.
Tanish is well-versed in a wide range of web technologies with experience supporting multiple clients. He earned a bachelors degree in technology from Indian Institute of Information Technology Vadodara.
David is a medical device and healthcare services executive who has held senior roles in Sales and Marketing at St. Jude Medical and Guidant (each sold for over $25 billion) and CEO/COO positions at several start-up healthcare companies. He holds a BA from Connecticut College and an MBA from the University of Chicago.
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