This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Please enable Javascript to watch this video

WINSTON-SALEM, N.C. -- Two students in Wake Forest University's MBA program have developed a new device that could change the way people take prescription medications.

The technology, called NVOLVE System, monitors if patients are taking their medication properly. It works by tracking each bottle's weight.

"When the pill bottle is removed and medication is taken out of the bottle, our system picks up when the medication was removed and how much medication was removed," said Scott Coldagelli, a creator of the device and co-founder of N2 Medical Solutions.

The NVOLVE System is connected to the Internet, so it instantly alerts caregivers, doctors or patients themselves when pills are or aren't taken correctly.

While the concept could be used for a variety of reasons, it was created with family in mind.

"I think all of us have been touched with the problem of having an aging parent, grandparent, great-grandparent that lives remotely. You just want to know that they're OK," said Andy Bowline, the other creator of the device and co-founder of N2 Medical Solutions.

The system can be programmed to automatically send a text, email or call someone if a medication is taken the wrong way.

"If somebody is on a diuretic and they take too much of that diuretic, then that could be life threatening. We may want to skip over a reminder to the patient and go straight to a caregiver," said Bowline.

Coldagelli and Bowlin say they are partnering with an assisted living facility in Winston-Salem this summer to test the product on 5-10 patients. They hope to sell the device to the public for about $75 in the next 6-8 months.