Company Watch

Smart sharp bin provider eyes growth with upcoming pharmacy distribution

Revenue at HealthBeacon increased 2 per cent to €2.25 million last year

“The evolution of speciality pharmacy as the influential route to market for injectable medicines has presented a clearly realisable opportunity for Health Beacon in the US,” Jim Joyce, chief executive of HealthBeacon, said. Picture: Maura Hickey

HealthBeacon, the digital health-tech firm, has said it has sufficient capacity to fund growth over the coming quarters.

The group, which provides smart sharps bins into which patients can place their used injector pens or syringes, had net cash of €12.16 million at the end of last year, down from €26.61 million at the end of 2021, according to its annual results.

The reduction in cash was due to operating expenditure as part of establishing ...