The amount of the deal was not disclosed.
Backers included several institutional and private investors across the U.S.
The company intends to use the proceeds to launch its line of locking prescription vials (LPVs), designed for use by pharmacies in dispensing controlled substances and other dangerous medications.
Led by Milton Cohen, President & CEO, Secure Medication Systems has developed LPVs to secure packaging for prescription dispensing. Designed for use in the mass retail dispensing environment, the company’s vials Safe Rx LPVs prevent pilfering, the number one source for teen prescription drug abuse nationally and the ultimate origin of the opioid epidemic.