iii30 Oct 2015 13:52
(QP.) is a niche pharmaceuticals supplier, but it also has a medical adherence division, which provides Biodose services and products that help patients to keep up with their medication regimes. In September, Biodose won a tender for an 18-month homecare contract with Yorkshire and Humber NHS Pharmaceutical Purchasing
At the moment this is a low-tech business, which is making a small loss and accounted for 15% of revenues at the interim stage, but Quantum is launching Biodose Connect, which provides further growth prospects.
Telemedicine product Biodose Connect provides live, remote monitoring and management of patients taking their medication. If medication is not taken or more than the prescribed amount is taken then a carer, nurse or pharmacist is alerted. This can help to stop unnecessary hospital admissions or home care.
The niche pharma operations are the core of Quantum and this is where the major growth will come. Medical adherence provides potential for growth and the division should breakeven next year.