SafeCode Drug Technolgies Corp (OTC:SAFC), was founded in 2010 and is based in Jerusalem, Israel. This company is in the market for patenting protection for administering medicine that is voice enabled. The voice activation would unlock the medicine container, pill box, or even a syringe thus making accidental administration minimal. This technology could save peoples lives and prevent injuries as well from taking the wrong medication.
On December 5th, 2012, this company announced that the first prototype is underway for development. This process is expected to take between 4 and 6 months. Upon completion, demonstrations will begin with drug container manufacturers.
On January 6th, 2013, Biomedix announced that they are going to fund and purchase SAFC shares at $.15 a piece. Biomedix already owns approximately $200,000 worth of this company's shares. SAFC will also be enabling the share buyback program. This will last between 1 and 3 months. The shares will ultimately be used for issuance's of acquisitions of companies in the medical industry. The money will be returned to the treasury of the company. Up to $1M will be accepted into this buyback program at a rate of $.20 per share.
SAFC is currently trading at $.0439. The company has had trades over the past 52 weeks with a range of $.03 up to $.34. The previous close was for $.038. The company's market cap is at $2.20M.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.