NeoHealth is a medical innovation company trying to address the problem of counterfeit drugs in developing countries.
“The prevalence of counterfeit drugs is a global epidemic. In Nigeria, the lives of millions of patients are at risk due to counterfeit antimalarial drugs, and this risk is also true in several other developing nations worldwide. Existing solutions battling counterfeit medication cost up to $30,000, with the cheapest devices costing around $500.”—Sujai Arakali
NeoHealth is a medical innovation company trying to address the problem of counterfeit drugs in developing countries by creating a low-cost, easy to use device that attaches to a cellphone to detect counterfeit pharmaceuticals. NeoHealth’s main customers will be hospitals in developing countries. NeoHealth aims to provide value to these customers by reducing the number of sick patients due to the ingestion of counterfeit medication.
Michigan Business Challenge 2019 Seigle Impact Track Finalist, Michigan Business Challenge 2019 Small Giants Positive Organizing Award, Michigan Business Challenge 2019 Best Showcase Award