HealthBeacon PLC HealthBeacon - HBCN - Interim CFO Appointment

Healthbeacon

16/12/2022 07:00

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RNS Number : 9207J  HealthBeacon PLC  16 December 2022

Interim CFO appointment

HealthBeacon plc ("HealthBeacon" or "the Company"), a leader in devices and
software to manage critical and chronic medications, today announces the
appointment of Lar Malone as Interim Chief Financial Officer.

Lar will join HealthBeacon on Wednesday 21st December 2022, while a process to
appoint a Chief Financial Officer on a permanent basis is ongoing.

A Chartered Management Accountant with significant finance and management
experience in the pharmaceutical industry, including senior roles with
Schering-Plough, Pfizer and Teva, Lar joins the Company from Alexion, where he
was Senior Accounting Manager.

As part of the CFO transition, Laurence Flavin is stepping down as Executive
Director and will be replaced as Company Secretary by HealthBeacon co-founder
and CTO, Kieran Daly, with immediate effect.

Jim Joyce, Co-Founder and Chief Executive of HealthBeacon, commented: "I am
very pleased to welcome Lar to HealthBeacon and look forward to working with
him as he brings his excellent experience to bear within our finance function.
Lar has extensive experience in the pharmaceutical industry and will be a
valuable asset to the Company as our CFO succession process remains
ongoing."

Ends

 Enquiries:
 HealthBeacon:                                    Investor.Relations@HealthBeacon.com

                                                (mailto:Investor.Relations@HealthBeacon.com)
 Jim Joyce

 Goodbody (Euronext Listing Sponsor and Broker):  +353 (1) 667 0420

 David Kearney
 Stephen Kane

 Drury (Public Relations):
 Cathal Barry                                     +353 (0) 87 227 9281
 Paul Clifford                                    +353 (0) 87 327 2161

 

About HealthBeacon

Headquartered in Dublin, HealthBeacon is an Irish digital therapeutics company
that develops smart tools for managing medications for patients in the home.
The HealthBeacon Injection Care Management System tracks adherence and
persistence with medication schedules through the provision of medication
management reminders, safe and sustainable sharps disposal devices,
educational tools, and artificial intelligence (AI) driven data analytics.
Peer reviewed evidence supports a 19% improvement in therapy persistence by
patients and up to 26% improvement in adherence to therapy, which improves
clinical outcomes and significantly improves efficiency in health systems. The
Company has expanded its offering to growth management with the launch of its
integrated Smart Scale and oral adherence with the launch of HB Wave which
integrates with its existing technology. The Company operates across Europe,
North America and the United Kingdom and employs more than 70 people and has
obtained more than 30 design and utility patents. The Company's mission is to
become the world's leading digital therapeutics platform for patients managing
medications in the home. Ends

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