Pharmapod Equity Investment Tops €1m

15 Feb 2018 | 09.02 am

Pharmapod Equity Investment Tops €1m

Howth pharmacist Paddy Digan is a fan

15 Feb 2018 | 09.02 am

Pharmapod, established by former pharmacy regulator Leonora O’Brien (pictured) in 2012, topped up its equity capital to over €1m last year, according to recent filings. Pharmapod is cloud-based software that enables pharmacists to record and report adverse drug effects to their peers.

The company has been investing in developing overseas market opportunities and booked a loss of €600,000 in 2006, bringing accumulated losses to €1.8m.

Equity funding in December 2016 amounted to €760,000 and three allotments in 2017 raised an additional €300,000, with €200,000 coming from Howth pharmacist Paddy Digan and his family, who previously invested €100,000.

In November 2017, Pharmapod was selected by the Ontario College of Pharmacists to implement a medication safety programme across 4,100 pharmacies in Ontario.

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