The board of Cork-based PMD Device Solutions has filed for bankruptcy following a review of the company’s financial position which found that it could not resolve its short-term liquidity requirements rendering it unable to meet critical obligations.
PMD Device Solutions develops and sells medical products for respiratory monitoring in both the hospital acute monitoring sector and the remote monitoring home care sector.
The Cork-based operations are a subsidiary of the Swedish company PMD Device Solutions AB which also filed for bankruptcy in the Stockholm District Court on December 22.
In January 2024, Swedish biotechnology firm Promore Pharma completed the reverse acquisition of PMD Solutions. The deal saw Promore purchase all shares…
