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About Neopharma Technologies Ltd
Neopharma Technologies Ltd is an Australian public company operating in the multi-billion-dollar global Point-of-Care (POC) health testing markets. The company aims to become a global leader with its NEOVAULT AI-powered paperless testing solution and its range of rapid test kits.
Neopharma has developed a variety of POC rapid tests, which seamlessly integrate with its digital health testing platform, NEOVAULT. NEOVAULT is an AI-enhanced Enterprise Resource Management (ERM) digital platform designed to manage all aspects of testing programs, delivering significant time and cost savings in administration of POC tests in the workplace.
In addition to its testing solutions, Neopharma has pioneered AI VISION, a cutting-edge AI and Augmented Reality (AR) technology. Accessible on your smartphone or tablet via the NEOVAULT app, AI VISION analyzes images and videos in real-time, recording and generating test reports ready for collector review and release. This process minimizes human error while maintaining the highest standards of test credibility. Unique in its ability to read data from curved surfaces and any test type with accuracy above 97%, AI VISION is part of a platform certified to international standards, including ISO27001, HIPAA, GDPR, and SOC2 Type 2.
NEOVAULT has wide applications across various sectors and beneficial for Third Party Administrators (TPAs), collection sites and distributors and can also be paired with any manufacturers' POC test kits, enabling digital capabilities.
In the long term, Neopharma aims to aggregate and sell Big Data to organizations such as the World Health Organization (WHO), government agencies, and insurance companies. This will provide additional revenue streams, operational efficiencies, and value to manufacturers, distributors, testers, and clients in the drugs-of-abuse testing industry.
Neopharma Technologies is committed to leading the global workplace safety and best practices in rapid testing, striving to be at the forefront of safe workplace solutions.
