Phenox GmbH, a developer of technologically advanced interventional neurovascular devices, is to establish a medical device manufacturing facility in Galway, creating up to 65 jobs over five years.
The Irish base will manufacture interventional neurovascular medical devices for the treatment of aneurysms and stroke.
The company’s products are used by endovascular specialists for the interventional treatment of ischemic and hemorrhagic stroke and include mechanical thrombectomy devices, flow diverters and bifurcation aneurysm implants as well as access and support devices.
Phenox GmbH’s products are sold directly into the most active hospitals in neurointervention throughout Europe and in selected countries in Asia, Africa and Latin America.
The new facility will be located at the Kamrick Court Building in Ballybrit Business Park, Galway and will complete a customised fit-out to enable the commencement of operations in early 2016.
The Galway facility will significantly enhance the company’s existing product development and manufacturing location in Bochum.
Dr Hermann Monstadt, founder and managing director, Phenox GmbH, said: “The Galway facility is critical to Phenox’s global expansion plans and will produce products specifically for the US and other international markets as well as provide additional support for EU markets.”