22/04/2016

200 New Jobs Announced In Waterford

Two hundred new jobs are to be created in Waterford by OPKO Health, which has announced the expansion of its EirGen Pharma facility in Westside Business Park.

The diversified healthcare company is to establish a new Product Development Centre in the Waterford Business and Technology Park. The company is locating in the IDA's newly built Advance Technology Building (ATB) on the park.

The construction of 11 ATBs around the country forms part of the Government's Regional Jobs Plan, and today's announcement is supported by the Department of Jobs through IDA Ireland.

EirGen Pharma was established in 2005 by two former IVAX Pharmaceuticals executives, Patsy Carney and Tom Brennan. EirGen focuses on the development and commercial supply of specialised oncology products for global markets. EirGen was acquired by OPKO Health Inc. in May 2015. OPKO's planned growth of EirGen's presence in Waterford over the next five years involves the expansion of EirGen's existing manufacturing facility in Westside Business Park and the establishment of the R&D Centre with manufacturing capabilities for new sterile fill finish and dry powder inhalation products.

Minister for Jobs, Enterprise & Innovation Richard Bruton said: "At the very heart of our jobs plans is ensuring that we spread the benefits of the employment recovery to cities, towns and villages in every part of the country. The South East suffered particularly badly from the crash and we placed a particular focus on this region as part of our plans since taking office.

"It is hugely encouraging that the South East is now enjoying the fastest rate of jobs growth in the country. Today's announcement that the first Waterford ATB will be occupied by a top-class company like EirGen, with the creation of 200 much-needed new jobs for the city, is a great boost. I wish Patsy and Tom and all the team every success with this project."

Phillip Frost, M.D., Chairman and CEO of OPKO Health, also said: "Today's announcement marks a significant milestone for EirGen Pharma and this investment underpins our strategy to establish Ireland as a Centre of Excellence for R&D and supply chain activities. We appreciate IDA's efforts to create an attractive business environment for companies like ours, and we look forward to expanding our workforce by drawing upon the region's highly skilled labour pool."

(MH)

Related Irish News Stories
Click here for the latest headlines.

01 August 2017
Bausch + Lomb Create 125 New Jobs
Bausch + Lomb has announced the opening of a new €85 million extension at the their Waterford facility, with the creation of 125 new jobs. Valeant Pharmaceuticals International, the parent company of Bausch + Lomb, has invested more than €200 million in the Waterford facility's operations, infrastructure and manufacturing line growth.
02 September 2016
25 New Jobs Announced In Waterford
US-based transit software company, RouteMatch, is to create 25 new jobs with the expansion of its Research and Development (R&D) team in Waterford. The transit software company is headquartered in Atlanta, Georgia and first established an R&D team in Waterford in 2015 to focus on the creation of the company's RMPay payment solutions technology.
19 January 2016
Action Plan For Jobs 2016 Published By Govt
The government has announced its Action Plan for Jobs 2016, the fifth in the annual series of jobs plans, aimed at building a new, sustainable economy based on enterprise, exports and innovation.
20 April 2016
125 New Jobs Announced By Minister For Gaeltacht Affairs
Digital Marketing firm, SLM Connect, is to create 125 new jobs with its expansion into Na Doirí Beaga, Co. Donegal. The Manchester-based company is to establish a new business at Páirc Ghnó Ghaoth Dobhair.
12 April 2017
Dublin Tech Firm To Create 150 New Jobs
Up to 150 new jobs are to be created in Dublin by technology firm Citrix, as part of an expansion drive at its East Point Business Park.