Not left in the lurch

Administrator aims to ensure support for pharmacies impacted by Dose Innovation insolvency

The administrator responsible for pharmaceutical equipment manufacturer Dose Innovation says it has secured an agreement it hopes will minimise disruption to pharmacies.

As revealed by AJP this week, an administrator was appointed for Dose Innovation on 17 January, according to the Australian Securities and Investments Commission website.

Darryl Kirk, partner with the administrator Cor Cordis, has told AJP they had moved quickly to determine a path forward for the business.

“Since our recent appointment, our team has worked to establish a way forward for the business. Unfortunately the company was not able to continue trading in its own right,” Mr Kirk said. 

“We have entered into a license agreement with Becton, Dickinson and Company to allow the business to 9continue to operate and to minimise disruption to customers. We are in the process of reviewing all existing customer orders and will be in contact directly with customers as soon as possible.

“We can confirm we will be seeking to sell the business as a going concern. Industry participants will be contacted to determine their interest level in acquiring the assets of the company,” Mr Kirk said.

Based in Brisbane, Dose Innovation employs some 20 staff, Mr Kirk said.

The first meeting of creditors is scheduled for Tuesday 30 January in Brisbane, and any parties interested in the sale of the business are encouraged to contact the Administrator’s office directly.

In their own statement, Becton, Dickinson and Company said:

“BD (Becton, Dickinson and Company) has announced that it has entered into a licensing agreement with Dose Innovations Pty Ltd and its voluntary administrator to operate the portion of the Dose business that relates to the sale and service of BD Rowa™ products and other services provided by Dose under BD distribution agreements. BD’s goal is to minimise disruption to customers by providing the necessary support to Dose to ensure long-­‐term business continuity.” 

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