DoD Selects Rx Bandz to Develop Proprietary System for Extending Shelf-Life of Epinephrine, Other Drugs, Saving Millions in Drug Costs
Rx BANDZ AWARDED U.S AIR FORCE SBIR PHASE 2 CONTRACT
Rx Bandz, Inc., a developer of a technologically-disruptive, novel, and unique auto-injector platform, announced today that the US Air Force has selected it for a $1.25M Small Business Administration Phase 2 contract to investigate Rx Bandz’ propriety system for extending the shelf-life of epinephrine and other oxygen-sensitive drugs.
Jessica Walsh, Rx Bandz CEO, said, “We are honored to be chosen to continue our work with the Air Force. We share the same mission to reduce pain and save lives on the battlefield, no matter how remote and austere. This contract confirms the confidence the US Military has in Rx Bandz’s proprietary technology and the experience of our highly qualified team in taking drugs and devices to market. “
The Air Force Research Laboratory and AFWERX have partnered to streamline the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) process by accelerating the small business experience.
About Rx BANDZ
Rx Bandz is a privately held company based in Locust Valley, New York. Rx Bandz is developing the next generation of patient-centric auto-injectors to deliver a wide range of injectable medications for patients around the world. The device is the world’s smallest auto-injector that is safer, faster, and easier- to-use than traditional auto-injectors. Rx Bandz is formulating new drugs and developing auto-injectors that contain 1 ml to 5 ml of medications with various viscosities and molecular-size. For more information, see the company’s website at www.rxbandz.com.
About AFRL
The Air Force Research Laboratory (AFRL) is the primary scientific research and development center for the Department of the Air Force. AFRL plays an integral role in leading the discovery, development, and integration of affordable warfighting technologies for our air, space, and cyberspace force.
About AFWERX
AFWERX, a program office at the Air Force Research Laboratory (AFRL), connects innovators across government, industry and academia.