VERIPHI SAVES LIVES
Veriphi has developed a laser-based analyser that minimises the risk of death and injury due to intravenous medication error in hospitals. The proprietary laser technology automatically verifies the drug identity and concentration as it is compounded or administered, providing greater safety by fitting seamlessly into existing clinical practice.
Find out more about the Veriphi technology and business goals.
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0
US Deaths per annum from medication error1
0
NZ patients are permanently disabled each year2
$0m
is spent annually in NZ from preventable, adverse drug effects (NZD)
$50.6B
medication error cost in the US each year (USD)3
With over $8m invested into Veriphi, we’ve accomplished a lot...
Testing

Veriphi is conducting trials a several New Zealand hospitals, prior to securing commercial supply agreements. It has reached out to other hospitals in New Zealand and the United States; following a visit to the Texas Medical Center in Houston in March 2018.

Patents
Veriphi has 7 US patents, with 14 granted in other overseas jurisdictions including 2 in China.

Customers
Veriphi is currently commencing a 3 month free trial at a New Zealand hospital for a range of drugs. These drugs have been selected by Veriphi & the hospital on the basis that they are within the current capability of the analyser. This is part of a programme to engage up to 4 NZ hospital pharmacies in free trials on selected drugs over the next 6 months. This will provide proof of concept data to support commercial sales.

Performance
Since 2016, we have reduced drug verification time from 100 seconds to 10 seconds. We are currently working to reduce this to 5 seconds.

Analysers
Veriphi currently has 7 commercial analysers being tested.

Staff
We have grown from a team of 3 full time equivalent employees (FTE) in 2016, to 8 FTEs in 2019.
Veriphi's Game-Changing Technology
Veriphi has developed a ground-breaking laser-based analyser that minimises the risk of death and injury due to intravenous medication error in hospitals. The Veriphi system works by using lasers to automatically verify the drug identity and concentration.
Find out more about the Veriphi capital raise.
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Team Updates
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