- October 7, 2011
- Albert Ho, Foster Sayers
- Providence, RI
- Politics, Technology, Medical Devices, Pharmaceuticals, Personalization, Software
- 121nexus offers cloud-based track and trace solutions, integrated with product packaging, for biomedical manufacturers.
121nexus deploys cloud-based track & trace solutions for biomedical manufacturers. A recent report prepared by McKinsey & Co estimates that the cost of medical errors introduced by inadequate track & trace on medical devices is estimated to be between $18 and $115 billion annually. In response to the need in the industry for such a track & trace solution, 121nexus developed MDDTrack™, which is a cloud-based software solution for manufacturers to enhance recall management and post-market surveillance in the medical devices and diagnostics industry.
121nexus' technology solves a problem so critical to public health that it was awarded a National Science Foundation grant to accelerate commercialization of this unique approach to biomedical track & trace. The core technology has been claimed in US Patent 8,533,075, US Patent applications 13/792,651 and 13/925,039, and International application PCT/US14/10293.
Current Team (2)Update
Funding Rounds (6) - $794kUpdate
121 Campaign™ was launched in 2012
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The National Science Foundation (NSF) is an independent federal agency created by Congress in...
Rhode Island Science & Technology Advisory Council was added to CrunchBase in 2013
Mayfly Capital, LLC was founded in 2009
American Pioneer Ventures, Ltd was added to CrunchBase in 2013
Providence Economic Development Partnership was added to CrunchBase in 2013
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Boston, MA 02127
Providence, RI 02903