VeriChip, which is also known as the Human Chip Firm, has released on Friday an Initial Public Offering of $45.8 million.
The company is well-known for its manufacture of a microchip that can be implanted in humans. These microchips use RFID technology, and plans are being made to have the chips “injected with the rice-sized tag”.
VeriChip hopes someday to have a person’s medical records contained within the chips. Last September, the CEO of VeriChip, Jon Merriman, allowed himself to be tagged. The tag does not contain his medical records, but at present his chip contains information about end of life care that he would like. This is called a living will.
It will be interesting to keep track of how successful the company will become, before this IPO, VeriChip has lost approximately $7.7 million spread over a four year period.
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