Named As A CES 2017 Innovation Awards Honoree, PillDrill Secures $3M Additional Funding To Solve One Of Healthcare’s Most Costly Problems
Published: Nov 11, 2016
LAS VEGAS--(BUSINESS WIRE)--PillDrill, Inc. today announced that its flagship product PillDrill, a smart medication tracking system that intelligently modernizes the pill taking experience, has been named a CES 2017 Innovation Awards Honoree in the Tech For A Better World category. PillDrill will be recognized at CES Unveiled New York on November 10 and featured on CES.tech/Innovation.
“Medication adherence is consistently one of the biggest challenges in healthcare, and throughout the years I’ve seen dozens of medical technology companies try and fail to address it”
Designed with a careful blend of technology and humanity by a team that includes a former engineer for the Amazon Kindle, PillDrill is an intuitive scanning system that simplifies the laborious task of daily medication management. The heart of the system is the PillDrill Hub, an attractive, compact device that sits next to the user’s pills and issues clear audio-visual alerts when doses are due. To indicate that a dose has been taken, the user waves their medication container in front of the Hub. Each scan (or lack thereof) then triggers a real-time update to family members and other concerned parties. This quick, familiar gesture – a scan – is both simple and powerful, resulting in improved adherence for the user and peace of mind for those who support them.
The company, having previously been named Best New Home Healthcare Product by more than 100 retail pharmacy buyers at ECRM and more recently awarded Frost & Sullivan’s 2016 New Product Leadership Award, also announced that it has closed $3M in funding from undisclosed angel investors. PillDrill will use the new funds to grow its distribution channels and cement its product leadership position.
“We’re thrilled at the response to the product since our launch in April," said Peter Havas, PillDrill’s founder and CEO. “We’ve heard from so many of our users about how the simplicity and elegance of PillDrill has completely transformed their medication management experience – or that of their loved ones – for the better. Medication adherence is a huge challenge across the board, and we're committed to bringing PillDrill to the mass market to help solve it.”
Additionally, Annette Campbell-White has joined PillDrill’s Board of Directors. Campbell-White served as Founder and Senior Managing Partner of MedVenture Associates, a leading biomedical venture capital firm, from 1986 until her retirement in December 2015.
“Medication adherence is consistently one of the biggest challenges in healthcare, and throughout the years I’ve seen dozens of medical technology companies try and fail to address it,” said Ms. Campbell-White. “PillDrill is different. The depth of thought these guys put it into it, its sheer usability and elegance…I think PillDrill is the first medication management product people will actually want to use.”
Pricing and Availability
The PillDrill Kit is available for purchase at $199 from www.pilldrill.com. This consumer kit includes the PillDrill Hub, 12 scanning tags, two pill strips (AM/PM), and the Mood Cube. Additional accessories are available for purchase. No monthly fee.
For information on enterprise pricing, inquire directly with the company.
About PillDrill, Inc.
PillDrill, Inc. develops simple and clever technology products to improve everyday health. The company’s first product, PillDrill™, is a smart medication tracking system that intelligently modernizes the pill taking experience. PillDrill is easy to use, adapts seamlessly to any medication routine, and works whether a person manages their own medication regimen or someone else’s. Headquartered in Las Vegas, PillDrill, Inc. was founded in 2014 by Peter Havas whose first company, SandwichDirect.com, brought gourmet sandwiches to the Internet and later merged with the West Coast’s iconic Specialty’s Café & Bakery. Visit www.pilldrill.com for more information.