Safe Rx Oversubscribes $3 Million Add-On Seed Round

New capital will support growth in clinical pharmacy and healthcare verticals

GREENWOOD VILLAGE, Colo., May 17, 2022 – Safe Rx, a wholly-owned subsidiary of Caring Closures International and a company on a mission to fight America’s opioid epidemic with its award-winning locking prescription vial (LPV®), today announced it oversubscribed its $3 million add-on seed preferred financing round.  

The additional capital will be used to expand the company’s inside sales and customer service teams in support of growth in selected healthcare sector verticals, such as federally qualified health centers and addiction treatment centers.  

“This additional capital will enable us to accelerate our growth in these verticals with an expanded team for sales and customer support,” said Milton Cohen, president and CEO of Safe Rx. “The opioid epidemic has worsened, and our healthcare customers recognize both the urgency and the benefit of practical, low-cost preventive interventions early in the disease horizon.” 

Safe Rx Locking Prescription Vials (LPV®s) are designed for use by pharmacies, community health centers and families everywhere as an additional layer of security in preventing pilfering from the family medicine cabinet. Research from the Center for Drug-Free Kids shows that unsecured prescription medications at home are the No. 1 source for teen drug abuse and initiation, and a leading source of diversion in other settings. 

LPVs are a low-cost early intervention that have been proven effective in early dispensing studies and can deliver significant treatment cost savings for employers and payors, and also for providers with high rates of uncompensated care.

The new investment funds were provided by a mix of new and existing investors including family offices and seed stage venture firms. Company president and CEO Milton Cohen will be speaking at several family office and other investor conferences through the end of 2022. For more information, visit www.safe-rx.com. 

About Safe Rx

Safe Rx is a mission-driven organization committed to preventing drug misuse and accidental poisonings with its award-winning Locking Prescription Vial (LPV®) and Locking Pill Bottle (LPB®). Safe Rx LPBs and LPVs are physician-developed, teen-resistant, child-resistant and senior-friendly certified safe storage devices. They use a combination lock to protect individuals, families and communities from accidental pediatric poisoning and intentional pill theft and drug diversion from the family medicine cabinet – the No. 1 source of teen drug abuse. Safe Rx is a wholly owned subsidiary of Caring Closures International (CCI), a mission-focused organization re-imagining caps and closures as early interventions in epidemic scale public health problems. The company’s closure technology is suitable for adaptation in consumer product packaging for a broad cross section of products with high rates of pediatric poisonings. For more information, visit www.safe-rx.com.

Safe Rx Elects Robert C. Falkenberg to Board of Directors

Falkenberg brings decades of experience in managed care, supporting company growth in dispensing market

GREENWOOD VILLAGE, Colo., Jan. 25, 2022 – Safe Rx, a company on a mission to fight America’s opioid epidemic and drug abuse with its award-winning locking prescription vial (LPV^®), today announced that Robert C. Falkenberg, former CEO of UnitedHealthcare of California, has joined the company’s board of directors.

“We’re pleased to welcome Rob onto our board of directors.  His decades of experience in the payor world will have tremendous benefits for Safe Rx,” said Milton Cohen, president and CEO of Safe Rx. “Rob’s vision and passion will help strengthen our fight against the opioid epidemic and supports our commitment to creating safer homes for families across the country.”

Mr. Falkenberg brings over 35 years of experience as a managed care executive, having spent the last 20 years with UnitedHealth Group. He served as the CEO of UnitedHealthcare of California from 2016 to 2021 and CEO of UnitedHealthcare of Ohio from 2006 to 2016, leading the company’s efforts to improve the health and wellbeing of members, and modernizing care in each state. Previously, he served in roles at Aetna, MassMutual, Sloans Lake Managed Care and Wellpoint Health Systems.

“The opioid crisis is getting worse and continues to impose huge costs on the U.S. healthcare system,” said Falkenberg. “I’m excited to join an organization dedicated to raising awareness of the role safe medication storage plays in fighting this crisis and look forward to helping Safe Rx bring locking prescription vials to health organizations, pharmacies and ultimately family medicine cabinets across America.”

Driven by his mission to “Improve your Health, Improve your Life,” Mr. Falkenberg continues to be an active investor, advisor and board member within the healthcare industry. Falkenberg holds an MBA from Loyola College Maryland and a bachelor’s degree in Business Administration from Towson University.

About Safe Rx
Safe Rx Locking Prescription Vials (LPVs^®) keep medicine from falling into the wrong hands. Physician-developed, teen- and child-resistant, and senior-friendly certified, Safe Rx LPVs are a simple, safe storage solution. They use a combination lock to protect individuals, families, and communities from accidental pediatric poisoning and intentional pill theft, and drug abuse. For more information, please visit WWW.SAFE-RX.COM.

Miss America 2020 Camille Schrier and Safe Rx Team Up to Raise Awareness of Medication Safety Risks and Solutions 

Schrier, a Doctor of Pharmacy student, joins Safe Rx as an advisor and spokesperson to help battle the growing opioid epidemic and its roots in prescription drug misuse and abuse 

GREENWOOD VILLAGE, Colo. (May 4, 2021) – Safe Rx, a company on a mission to fight America’s opioid epidemic with its award-winning Locking Pill Bottle (LPB®), today announced that Camille Schrier Miss America 2020 has joined the company as an advisor and spokesperson. Schrier and the mission-driven organization will work together to raise awareness of the importance of medication safety at home and the role it plays in the nation’s worsening opioid crisis.  

Schrier was named Miss America 2020 in December 2019, becoming the first woman to win the title with science as her talent.  

Schrier, currently pursuing her doctorate in pharmacy at Virginia Commonwealth University, uses her Miss America platform to promote her social impact initiative, “Mind Your Meds: Drug Safety and Abuse Prevention from Pediatrics to Geriatrics,” with a strong focus on combating the opioid epidemic. She is certified by the Virginia Department of Health as a trainer in the use of Naloxone, a medication to reverse opioid overdoses. 

“I’m excited to team up with Safe Rx to continue raising awareness of an issue I’m passionate about, one that continues to plague Americans of all ages – the growing opioid epidemic,” Schrier said.  “More awareness of the importance of medication safety can save lives. I look forward to working together to protect families and communities by keeping prescription drugs out of the wrong hands.”  

According to the Partnership for Drug-Free Kids, 38% percent of teens who have misused or abused a prescription drug have obtained it from the home medicine cabinet. Safe Rx Locking Pill Bottles (LPB®) are designed to prevent improper access to potentially dangerous medications.  

“We’re thrilled to partner with Camille. As Miss America, she continues to reach Americans coast-to-coast through her “Mind Your Meds” campaign, with its focus on drug safety and abuse prevention,” said Milton Cohen, president and CEO of Safe Rx. “Her initiatives perfectly align with ours. Together, I know we’ll be able to educate even more parents and families on the importance of medication safety at home.” 

Camille Schrier grew up in Bucks County, Penn., eventually moving to Virginia, where she earned bachelor’s degrees in biochemistry and systems biology with honors from Virginia Tech.  

As Miss America, she is a frequent speaker on topics including drug safety and abuse prevention, naloxone and the opioid epidemic. She created a Mind Your Meds webinar series, delivered dozens of keynote speeches for STEM, pharmacy, and business conferences, and participated in video conferences with key opioid and STEM experts and science classrooms across the country. For more information about Camille Schrier and her social initiatives, visit www.camilleschrier.com.  

Safe Rx Locking Pill Bottles are a patented, physician-developed, child-resistant and senior-friendly certified safe storage solution with a combination lock, providing an additional layer of security in preventing drug pilfering from the family medicine cabinet. Safe Rx bottles are  available in multiple national retailers and regional grocery store chains, and online on Amazon and at www.safe-rx.com. 

About Safe Rx 
Safe Rx Locking Pill Bottles (LPB®) keep medicine from falling into the wrong hands. Physician-developed, teen resistant, and child-resistant and senior-friendly certified, Safe Rx LPBs are a simple, safe storage solution. They use a combination lock to protect individuals, families, and communities from accidental pediatric poisoning and intentional pill theft and drug abuse. For more information, please visit WWW.SAFE-RX.COM.