Former HiberGene chief on the hunt for investors to save insolvent company

A spokesman for RocDoc said the dispute with HiberGene was a"question of supply and demand". Photograph: Alan BetsonFormer Trinity Biotech chief executive Brendan Farrell, co-founder of insolvent medical diagnostics company HiberGene Diagnostics, is looking for potential buyers for the business in a last-ditch effort to save it.

Along with its sister entity, HiberGene Diagnostics Sales, the company – which, among other diagnostic products in its portfolio, developed a rapid Covid-19 test – has called a meeting of creditors for September 9th at which accountant Colin Gaynor of Resolute Advisory is set to be appointed as liquidator.

Separately, documents seen by The Irish Times show that the company told shareholders last year it had started a legal process against healthcare and Covid-19 testing company RocDoc over “funds due and owing” related to an order of its Covid tests.

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Medical diagnostics company HiberGene calls in a liquidatorHiberGene Diagnostics and a related company, HiberGene Diagnostics Sales, both filed insolvency notices with the Companies Registration Office late last week, with a meeting of the insolvent company’s creditors slated for September 9th.
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