This Year's Highlights

• Completed product development and entered Beta testing Spring 2007
• Completed a simulation laboratory study, conducted by the University of Illinois College of Medicine in May 2007. Results which confirmed efficacy and ease of use will be published later this year.
• Completed an in-clinic nurse impression study in the Fall of 2006, with very favorable results. Study results which confirmed ease of use will be published later this year.

Anticipated Highlights

• Securing 3-5 pilot customers in the fall/winter of 2007
• Setting up a scientific advisory board in the fall of 2007
• Launching the product in the first half of 2008

Corporate Mission

In recent years, the healthcare industry has faced stunning statistics revealing the prevalence and cost of errors in its system. Widespread media attention, along with growing economic, legal and regulatory issues, is forcing a demand for change within the healthcare industry that is driving a new market for medication error solutions. Each year as many as 5.5 million people are injured or killed by medication errors. Nearly 1.5 million of those injuries and deaths will be the result of wrong dose errors. Wrong dose errors ? i.e., those related to miscalculations, misplaced decimals and miscommunication of medication doses ? cause more patients harm and death than any other type of medication error.

The InformMed System has successfully demonstrated efficacy in a both non-clinical and clinical settings, where wrongdose error rates were shown to decrease from 45% to 3%. The software system 1) aids in the accurate calculation of medication doses at the patient?s bedside, 2) alerts nurses when the calculated dose falls outside of recommended ranges for a patient?s given age and weight, 3) educates nurses in proper medication administration.

InformMed intends to create a new standard of care for medication administration at the point of care.