Profile: Medbox Inc (MDBX.PK)
1 May 2015
Medbox Inc. (Medbox), incorporated on June 16, 1977, operates through seven wholly-owned subsidiaries. The Company developed the Medbox patented biometric medicine dispensing machine designed to confirm patient identification through a biometric verification system prior to dispensing medicine to authorized patients. The Medbox also has an optional companion machine for dispensing refrigerated products. Medbox features patented systems that dispense herbal and prescription medications to individuals based on biometric identification; while the related patent covers both fingerprint and retinal scan identification, the Medbox currently uses only fingerprint identification. While currently used only in alternative medicine clinics, this system allows such facilities as well as pharmacies, assisted living facilities, prisons, hospitals, doctors’ offices.
Through Medicine Dispensing Systems (MDS) it also offers consulting services to the pharmaceutical industry. The Company also offers turnkey consulting services to individuals seeking to establish alternative medicine clinics. These services include site selection, permitting, design, full build-out, and licensing. Medbox does not engage in the production, sale, or marketing of any products dispensed through the Company’s machines. It provides systems and equipment to the final distribution point of consumer pharmaceuticals in addition to certain consulting services. MDS provides consulting services primarily to individuals and groups seeking to establish new clinics, often in jurisdictions that have recently passed legislation concerning the availability of alternative medicines.
The Company competes with Vaporfection, Storz & Bickel, Arizer, Herbal Aire, Vapir, Dispense Labs, QuigMeds and InstyMeds.
8439 W Sunset Blvd Ste 101
WEST HOLLYWOOD CA 90069-1925