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HealthBeacon plans to file for examinership at High Court

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Irish company is believed to have lined up a US investor to fund it through the examinership process

HealthBeacon is planning to petition the High Court on Friday to have an interim examiner appointed to the embattled Dublin-listed medical technology company as it runs out of cash, according to sources.

HealthBeacon had an initial market value of €98 million when it floated in December 2021 with an ambition of accelerating the roll out of its flagship product, a digital sharps disposal bin for needles and syringes that reminds patients to stick to injection schedules at home. While the company has been successful in striking major distribution deals with US speciality pharma groups, it has been caught out by the red tape involved in rolling them out. Its current timelines are running up to nine months behind previous estimates.

 

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