VeriTeQ announced it has acquired the VeriChip implantable microchip and related technologies and Health Link Web-based personal health record (PHR) from Positive ID. VeriChip is the FDA-cleared RFID implantable microchip for humans and patient identification.
VeriTeQ states it will focus on patient identification and PHR access through the VeriChip implantable microchip and Health Link Web-based PHR. The company is also looking at other implantable sensor applications and identification of medical devices within the body. VeriTeQ will also focus on identification and sensor applications for animals.
Under the terms of the agreement, Medcomp will embed the VeriChip microchip in its vascular ports to assist in the identification of the port in a patient and proper medication dispensing.
In addition to acquiring VeriChip, the company has also licensed a patent for an embedded bio-sensor system to be used in conjunction with an implantable microchip, which will enable development of sensor applications for use within the body.