Companies
HealthBeacon can only trade until end of October due to ‘highly constrained financial position’
The company has explored short- and long-term financing options in discussions with key stakeholders and “explored the potential sale of its business divisions”
HealthBeacon, the troubled therapeutics firm, has announced it is in “a highly constrained financial position” and can only trade until the last week of October.
Last month, the Irish-listed medical devices firm posted a sales warning and revealed it is scoping out financing options as the firm will require €11 million in fresh funding over the next two years.
The firm subsequently announced on October 5 that at the end of September it recorded approximately ...
