Martin Shanahan, CEO, IDA Ireland, speaks at the new Advance Technology Building in Waterford
Healthcare company Opko Health has announced plans to create 200 jobs over the next five years through expanding the EirGen Pharma facility in Westside Business Park in Waterford and establishing 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. The company focuses on the development and commercial supply of specialised oncology products for global markets.
EirGen was acquired by Opko Health 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.
Phillip Frost of Opko Health said: “The 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.”
CEO of IDA Ireland, Martin Shanahan, added: “I welcome this expansion by EirGen Pharma, which will add significantly to the growing life sciences cluster in the South East. It is great news that a company that was founded locally is now creating 200 jobs in a key regional location, especially as it is going into the first ATB built in Waterford. It is proof that IDA’s focus on bringing investments to regional locations is working and the strategy of building ATBs in support of that aim is proving successful.”