Summer 2010 Health System • Infusion Edition 25

to Improve Patient Care & Pharmacy Cost Containment20WAYS

Company BackgroundPharmaSafe was founded in 2008 to address some of the major problems facing the retail pharmacy market today: armed robbery, theft and internal diversion of controlled substances.

As drug diversion worsens across the country and the volume of prescriptions dispensed each year continues to rise, pharmacies are in need of an integrated solution that increases pharmacy productivity while greatly reducing theft and internal diversion of controlled substances. Ultimately, only those pharmacies able to secure, track and dispense controlled substances will be best positioned to survive in the competitive marketplace. Abuse and diversion of controlled prescription drugs cost public and private medical insurers an estimated $72.5 billion per year (source: The National Prescription Drug Threat Assessment 2009).

Pharmasafe’s innovative line of products sole purpose is to provide user accountable secure dispensing, management and storage of narcotics and other high theft items.

Product Overview The First Secure Automated Narcotics Dispenser

The PharmaSafe PS-50 is designed in a secure high strength steel (or stainless steel) cabinet with proprietary locking systems that utilize Time Delay Access to all Narcotics. This unit deters both robberies and internal diversion. The unit has been securely designed with high strength materials in a series of layers that fit together in precise sequences that maximize the difficulty and time required to breach the cabinet. All user access is recorded and logged into the reporting system to deter diversion.

The top two thirds of the unit house advanced counting technology supplied by Innovation Associates. The dispensing cells are locked in place and accessible only for refilling or maintenance by an electronic locking control system which uses a pre-set time delay for each Narcotic. Only authorized pharmacy staff can program the Time Delays in zero

to sixty-minute increments. Staff members will be required to use two sets of authentication to ID them as a user in the system for each access (choose from 6 digit PIN code, biometric fingerprint reader, or Dallas Key).

The bottom third of the safe securely houses the back stock of (CII) controlled drugs or high theft drugs in two Backstock drawers which also can only be accessed thru pre-set Time Delays by authorized users. Secured products in the drawers will include full bottle storage awaiting a need for refilling dispenser’s, patches, liquids and tablets.

Product Specifications27 ¾ “ W x 17 ¼ ” D x 75 ½ ” H – Weight 550 lbs

Additional Product Lines / ModelsPS50, PS50R, PS50A, PS50H, PS50S

Standard Features:• Upper section houses medications that will be dispensed automatically • Lower section houses “back stock” • Double doors overlay the entire cabinet for secure lock up security overnight and prevention of burglary break-ins. The main doors will be left open during pharmacy operating hours. • Programmable locking door & drawer mechanisms (time delay from zero to 60 minutes) • All user drug access is logged, recorded & time stamped individually • Authentication options including 6 digit PIN code, Dallas key access control, biometric finger print reader. • Duress holds up alarm with silent alarm option (need existing security system & Phone Line) • Capacity of 50 dispenser units • Automation designed and manufactured by Innovation (“Smart Cabinet” optional)• Modular and ergonomic design • State of the art electronic Access Controller • Designed to be permanently bolted to floor • High quality craftsmanship and powder coated steel (or stainless steel) finishes. • Approximate dimensions are 27 ¾ “ W x 17 ¼ ” D x 75 ½ ” H – Weight 550 lbs

Benefits:Reduce Civil LiabilityA pharmacy runs the risk of being sued by customers and employees when a pharmacy is robbed. If there is a fatality the liability is even greater. Pharamsafe deters theft from happening so the monetary liability risk is greatly reduced or even eliminated.

Reduce Internal Employee Theft• State of the art electronic safe controls and documents each assess to the safe. • Authentication options include PIN code, Dallas key pad control, finger print reader, card swipe device. • Wrong try count penalty lockout. • Controls and audits access of up to 6 separate compartments in safe.

Keep your narcotic medications and employees safe and secure with the convenient PS-50 system by

PharmaSafe.

PS-50 by PharmaSafe

COO: Bill Bell

Founded: 2008

Employees: <250

Stock Symbol: Private Company

Phone: (505) 890-9900

Address: PharmaSafe

12409 San Francisco Dr NE

Albuquerque, New Mexico 87122

Website: www.pharmasafe.us