Fluid Management System

Fluid Management Systems is a private healthcare technology and medical device company focused on digitizing vaccine and liquid medication management. The company markets non-invasive sensing, tracking, and analytics solutions designed to measure liquid levels in sealed vials and bottles, reduce vaccine wastage, and improve inventory traceability across clinics, hospitals, laboratories, distributors, and animal health settings. Its core offering, Smartray, combines sensors, electronics, software, and network connectivity to support medication and vaccine workflow automation. The company also commercialized VETrak for animal health use cases. Overall, the business appears to operate as a niche health technology platform company serving human and veterinary medication logistics rather than as a drug developer.