Planned parenthood is not foolproof even for the most diligent couples and sexually active individuals, but MicroCHIPS can be the solution people have been waiting for. MicroCHIPS, which is being backed by the Bill And Melinda Gates Foundation, is an implantable chip that can be turned on and off at will. Containing levonorgestrel in microscopic channels, which are covered with a thin seal, the hormone is released by passing a current through the device to temporarily melt the seal.
Potentially released in 2018, MicroCHIPS has yet to be tested on humans. MicroCHIPS reports that the chip can last up to 16 years, will be encrypted and will come with a remote control device. MicroCHIPS is an interesting development that will have an impact on the way medication is delivered in general.
What's Driving This Trend
- Implantable Birth Control
- The development of MicroCHIPS chip opens up opportunities for other implantable devices.
- Remote-controlled Medication
- The remote control device accompanying the MicroCHIPS implant could lead to remote-controlled medication becoming commonplace.
- Bill and Melinda Gates Foundation Backed Innovations
- Other healthcare and humanitarian innovations funded by the Bill and Melinda Gates Foundation may create opportunities for business and investment.
Who This Affects Most
- Pharmaceuticals
- The development of implantable medication delivery devices could disrupt traditional pharmaceuticals.
- Medical Technology
- The implantable technology in the MicroCHIPS device could inspire other medical technology innovations.
- Non-profit
- The involvement of the Bill and Melinda Gates Foundation in such healthcare innovations highlights opportunities for disruptive philanthropy.
