Thurles

HKPB Scientific - Thurles Employers

Superior Biocompatible Coatings for Medical Implants

HKPB Scientific is a new company offering a portfolio of technologies and intellectual property for forming high-fidelity drug eluting coatings for a variety of medical device applications. The company was incorporated in January 2008 by two scientists; Dr. Brendan Kennedy and Dr. Donncha Haverty. HKPB Scientific has developed rapidly into one of the most promising start-up companies in Ireland and the company has already accessed € 300,000 in equity and state funding just one year after incorporation. The company has a strong research relationship with the University of Limerick and has developed two biotechnology platform technologies that have been progressed to an advanced stage of international protection. In addition the company is successfully implementing its business strategy to enter global markets totalling $ 20 billion annually and already has a permanent presence in the United States.

The company has valued its’ coating technology at $ 200 million based on projected licensing revenues from three medical device applications over 15 years and discounted at 15% per annum. The company is seeking to raise investment in the amount of € 3 million over two years to implement its’ business plan to take its’ technology to market. The company’s strategy is to partner with larger players in the medical device industry to expedite the route to market and to lever the favourable climate in Ireland for high technology companies.