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The product line is designed for individual consumers and communityfacilities, such as assisted living, long-term care, hospice and correctionaloperations, to dispose of unused medications, other than controlled substancesand consists of a variety of sizes of containers and return packaging withpre-paid postage to the Company's incineration facility. The product line isalso being marketed to national pharmacy chains as a part of "take back"programs to provide their customers with an alternative to disposing of unusedmedications by flushing or placing in the trash.
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Approximately 4 billion prescriptions are filled in the United Statesannually, and it has been estimated that as much as 35% of the dispensedmedication goes unused, resulting in over 200 million pounds ofpharmaceuticals which can adversely affect the environment if disposed ofimproperly. Improperly disposed or diverted unused medications have also beenshown to increase the risk of accidental poisoning of citizens.
Dr. Burton J. Kunik, the Company's Chairman, Chief Executive Officer andPresident commented, "The national media has been widely reporting about theharm to our rivers, streams and municipal water supplies from flushedpharmaceuticals. As with any serious public health and safety issue, changerequires the re-education of the community to raise awareness of the dangersand of the solutions to the problem.
"We have recently added equipment and procedures at our incinerationfacility in order to safely and securely dispose of unused medications andbelieve our existing infrastructure is ideal for a rapid roll-out and thesubsequent support of a solution to this growing problem. We believe thatsales of this product line will contribute to our future growth as governmentagencies and the public take more notice of this important issue."
For inquiries regarding the new line of products, please contact SharpsCompliance Customer Service at 1-800-772-5657.
Similar to the Sharps Disposal by Mail System(R), the RxTakeAway providesconvenience for its users and addresses environmental and public healthconcerns. Sharps' has been building the capacity of its operations to addressthe increasingly expanding demand for products that provide convenient meansfor disposal for small quantity generators.
About Sharps Compliance Corp.
Headquartered in Houston, Texas, Sharps Compliance is a leading providerof cost-effective disposal solutions for small quantity generators of medicalwaste and unused pharmaceuticals. The Company's flagship product, the SharpsDisposal by Mail System(R), is a cost-effective and easy-to-use solution todispose of medical waste such as hypodermic needles, lancets and any othermedical device or objects used to puncture or lacerate the skin (referred toas "sharps"). The Company also offers a number of products specificallydesigned for the home healthcare market and products for the safe disposal ofunused pharmaceuticals, RxTakeAway(TM). Sharps Compliance focuses on targetedgrowth markets such as the pharmaceutical, retail, commercial, and hospitalitymarkets, as well as serving a variety of additional markets. Sharps is aleading proponent and participant in the development of public awareness andsolutions for the safe disposal of needles, syringes and other sharps in thecommunity setting.
As a fully integrated manufacturer providing
