Sharps Compliance Corp.
| Nasdaq: SMED
Sharps Compliance Corp. provides management solutions for medical waste, used healthcare materials and unused dispensed medications. The company's solutions facilitate the proper treatment of numerous types of medical waste, used healthcare materials and unused dispensed medications, including hypodermic needles, lancets and other devices or objects used to puncture or lacerate the skin, or sharps and unused dispensed prescription and over-the-counter drugs and medications. It serves customers in multiple markets such as government, home health care, retail clinics and immunizing pharmacies, pharmaceutical manufacturers, professional offices, hospitality, consumers, commercial, industrial and agriculture, and distributors to many of the aforementioned markets. It also provides comprehensive tracking and reporting tools that enable its customers to meet complex medical waste disposal and unused dispensed patient medication compliance requirements. The company offers a broad line of product and service solutions to manage the medical waste and unused dispensed medications generated by its customers. Its primary solutions include: Sharps Recovery System, TakeAway Environmental Return System, Complete Needle Collection and Disposal System, ComplianceTRAC, SharpsTracer and Other Solutions. The Sharps Recovery System is a comprehensive solution for the containment, transportation, treatment and tracking of medical waste and used healthcare materials generated outside the hospital and large health care facility setting. The TakeAway Environmental Return System is a comprehensive solution that facilitates the proper disposal or treatment of unused dispensed medications and includes the TakeAway Environmental Return System and the RxTakeAway Recovery and Reporting System. This solution provides a means for individual consumers, communities and facilities, such as pharmacies, assisted living facilities, long-term care facilities, mail-order pharmacies and correctional operations, to manage their unused dispensed medications and consists of customized containment, transportation, destruction or conversion and tracking services. Its proprietary tracking system, MedsTracer, is designed for tracking unused dispensed medications, which assists pharmaceutical manufacturers in monitoring drug usage and provides critical data for patient management and compliance. The Complete Needle Collection and Disposal System is a comprehensive solution focused on the traditional under-served home self-injector required to regularly use needles or syringes for their health and well-being, such as people with diabetes. This system is actually two offerings in one. First, the product provides the individual self-injector with a reasonably priced containment solution designed to protect self-injectors and their family members. Second, the product includes an optional disposal feature utilizing the USPS designed to protect the individual's community, solid waste workers and the environment. The ComplianceTRAC is designed to improve worker safety while satisfying applicable Occupational Safety and Health Administration and other requirements for the end-user. The SharpsTracer system is a comprehensive solution that provides customers with an electronic record of receipt and treatment of their waste to meet regulatory requirements. This system eliminates the need for traditional paper-based methods of tracking and is designed to enhance customer efficiencies with an automatic evidence of proof of receipt and treatment and market data capabilities. The other solutions includes Pitch-It IVTM Poles, Trip LesSystem, Sharps Pump and Asset Return Box, Sharps Secure Needle Collection and Containment System, Sharps MWMS, and Spill Kit TakeAway Recovery System. Sharps Compliance was founded in November 1992 and is headquartered in Houston, TX.