Veriphi seeks up to $2 million

Auckland medical device company Veriphi is looking to raise up to $2 million through crowdfunding platform Snowball Effect to commercialise a product aimed at preventing medication errors in hospitals – a cause of patient harm that costs health systems billions.

The company, led by founder and managing director Greg Shanahan, has developed a laser analyser which scans intravenous lines, intravenous bags and syringes to determine if the drug and the dosage is correct. Shanahan said the $2 million for a 20 per cent share of the company would fund validation trials at Auckland Hospital in September, achieve first revenue and secure a deal with a global partner.

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