Daresbury-based Medical Management Robotics develops software for its automated dispensing equipment in pharmacies across the UK
Pharmaceutical automation specialists, Medical Management Robotics has secured a new £115,000 investment.
The Daresbury-based firm, which develops software for its automated dispensing equipment, will receive the cash from NPIF – FW Capital Debt Finance, managed by FW Capital and part of the Northern Powerhouse Investment Fund (NPIF).
Medical Management Robotics supplies the pharmaceutical sector and its technology can deliver considerable cost savings whilst improving safety in the dispensing of prescriptions for its clients.
It has enjoyed a strong upsurge in demand during the past three years, during which time the firm has successfully delivered and installed dozens of automated dispensing systems at pharmacies, hospitals and prisons across the UK.
The investment of £115,000 from FW Capital will support its expansion plans, increasing the company’s capabilities to develop 3D print components, improve the demonstration room and strengthen the wider marketing drive. Under this growth strategy, turnover is expected to increase significantly in the coming years.
Andy Beesley, managing director of Medical Management Robotics, said: “We’re at a really interesting point in the business where we’re ready to take the next step in our journey, exploring new customers, markets and developing new products.
“In order to do this we need to have the right infrastructure, people and marketing in place to ensure we can communicate our vision effectively and deliver our promise.”
Simon Berry from FW Capital, added: “We have backed a lot of businesses in the technology sector. Medical Management Robotics is the third business we’ve recently supported at the new Tech Space One annexe at Daresbury along with many others at Daresbury, Alderley Park and elsewhere in the North West.
“There has already been significant interest in this technology. An ageing population has increased demand for prescription drugs and we believe that the NHS and many pharmacies will look at how they can make dispensing drugs more efficient.”