PharmRight Corporation Announces Second Closing of Latest Equity Offering

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Company Has Finalized Additional Investment of $1.6 Million

PharmRight Corporation, a healthcare technology company based in Charleston, SC, announced today that it has completed a second closing under its offering of Series A Preferred Stock, bringing the total amount raised to approximately $1.6 million. The offering is expected to raise up to $2.5 million in proceeds, which will be used for production tooling, working capital, personnel and for general corporate purposes.

About PharmRight
PharmRight Corporation was formed in 2013 to design and deliver solutions that maximize medication adherence and allow patients to age in place. The company has developed Livi(TM), an innovative, fully-automated home medication dispensing system. A new entrant to what is being called “The Internet of Things,” Livi(TM) is designed to simulate the supervision of an on-site caregiver by prompting the user to take the right medication…at the right time…in the right quantity…with the right instructions under the Internet-enabled remote oversight of a caregiver or a team of caregivers. A cloud application monitors and captures all user interactions with the device. Family members and professional caregivers can be alerted via text message or e-mail if a user misses a dose or requires a re-fill. Comprehensive medication adherence reports are available via computer and mobile devices.

For more information, contact PharmRight at (843) 277-8250 or info(at)pharmright(dot)com.

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J. Randall Parker
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