SIRUM

SIRUM

SIRUM | Saving Medicine : Saving Lives. Learn more
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DateInvestorsAmountRound
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N/A

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$120k

Valuation: $2.0m

Seed
Total FundingAUD185k

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SIRUM (Supporting Initiatives to Redistribute Unused Medicine) is a pioneering startup operating in the healthcare sector, specifically focusing on drug donation and redistribution. The company addresses a critical issue: the high cost of medications that forces many Americans to choose between their health and other essential needs like food and housing. SIRUM's mission is to save lives by redistributing unused, surplus medications from health facilities and pharmacies to individuals who cannot afford them.

The company primarily serves health facilities, pharmacies, and individuals in need. By leveraging national drug donation laws, SIRUM ensures that donated medications are compliant with regulations and provides full liability protection to the donors. This makes it easier and safer for institutions to contribute their surplus medications.

SIRUM operates in the healthcare and non-profit sectors. Its business model revolves around facilitating the donation process. Health facilities and pharmacies box up their surplus medications, which are then picked up by FedEx and redistributed to partner organizations that dispense them to those in need. This model not only reduces medical waste but also provides essential medications to underserved populations.

The company generates revenue through donations from organizations and individuals who support their cause. Additionally, SIRUM may receive grants and funding from various philanthropic entities interested in healthcare and social impact.

In summary, SIRUM is making a significant impact by ensuring that unused medications reach those who need them the most, thereby improving public health and reducing medical waste.

Keywords: drug donation, healthcare, surplus medications, redistribution, compliance, liability protection, non-profit, social impact, medication access, FedEx logistics.

Tech stack

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