Company: NarcX, Orem, UT
Nomination Submitted by: Unhinged Creative Agency
Company Description: Our unique and patented product, NarcX®, is the ONLY liquid solution that immediately renders pills, tablets, capsules, and liquids non-divertible and ultimately non-retrievable—and the only on-site method of medication destruction that is DEA compliant. NarcX is fully biodegradable.
Nomination Category: New Product & Service Categories
Nomination Sub Category: Business-to-Business Products
 Nomination Title: NarcX's Biodegradable Liquid Solution
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the nominated new or new-version product or service, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
- If you are providing written answers for your submission, you must provide an answer to this first question: If this is a brand-new product, state the date on which it was released. If this is a new version of an existing product, state the date on which the update was released:
Even though we created this product back in 2018, it has now been officially patented making it the only patented on-site medication disposal solution that has been independently validated. This was published 9/20/2022 U.S. patent No. 11,446,531
- If you are providing written answers for your submission, you must provide an answer to this second question: Describe the features, functions, and benefits of the nominated product or service (up to 350 words):
Total 204 words used.
NarcX is officially the only independently validated method of on-site destruction with patent approval, a development that has monumental implications for us and all of the United States.
Recent statistics from the Centers for Disease Control are sobering - over 107,000 Americans have died from a drug overdose in the last year. Since 1999, over one million people have died of a drug overdose. This epidemic shows no sign of abating. Instead, it has worsened, with new drugs like Fentynal contributing to even more fatalities. Therefore, we must take extreme measures when combatting it.
Our solution can help. NarcX is a mechanism that renders pharmaceuticals non-divertable within two hours of them entering the bottle - making sure that healthcare facilities and law enforcement remain DEA-compliant. Now, with a patent in place, these measures can be taken to their logical conclusion - to the vulnerable people who need the most help.
This patent uniquely positions us as a true force to be reckoned with in the fight against drug diversion and abuse. Rather than compare us to our competitors, compare us to alternative DEA-compliant methods of drug destruction.
What’s the difference? Our solution can actually make a difference in the worsening epidemic at hand.
- If you are providing written answers for your submission, you must provide an answer to this third question: Outline the market performance, critical reception, and customer satisfaction with the product or service to date. State monetary or unit sales figures to date, if possible, and how they compare to expectations or past performance. Provide links to laudatory product or service reviews. Include some customer testimonials, if applicable (up to 350 words):
Total 185 words used.
In 2022, we proudly announced that we had been awarded patent approval for our on-site medication destruction solution. This patent makes our revolutionary solution the only DEA-compliant option for on-site medication destruction. It paves the way for future partnerships with health facilities and other institutions in desperate need of something to prevent medication diversion.
Our low-cost solution will finally be in the hands of those who need it in the coming year and will help curb opioid and other prescription drug-related deaths for years to come.
Our medication disposal solution is currently in use by law enforcement and healthcare facilities. It has been received with great commendation by these entities and it's use will continue to grow in the coming year. It has the potential to truly make a difference in the fight against drug diversion.
NarcX was just awarded its patent so we do not have updated sales figures yet. We have recently won contracts with giant healthcare conglomerates and will see figures increase dramatically in the coming year.
Please see our videos for more information and product reviews from law enforcement:
narcx.com/videos
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 14 words used.
Please see our test data from independently validated studies on our product:
narcx.com/test-data
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