Industry & Business

Medical

Bausch Health to Expand Contact Lens Manufacturing Facility in Waterford

    Bausch Health to Expand Contact Lens Manufacturing Facility in Waterford

Bausch Health Companies will invest to expand contact lens manufacturing capacity at its Bausch + Lomb sites in Waterford, Ireland and Rochester in the US. The company is adding multiple production lines at these two sites to support the manufacture of its innovative daily disposable silicone hydrogel (SiHy daily) contact lenses.
“Bausch + Lomb is one […]

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Diaceutics is Developing a Data Science Platform in Belfast to Improve Patient Diagnostic Testing Globally

    Diaceutics is Developing a Data Science Platform in Belfast to Improve Patient Diagnostic Testing Globally

Precision Medicine and diagnostics commercialisation service provider, Diaceutics, is investing £2 million in R&D to create a new data platform leveraging data from global clinical laboratories, which will improve the way patients are tested in advance of treatment. Invest Northern Ireland has offered the company over £480,000 towards its project which is expected to leverage […]

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HealthBeacon Opens New Production Facility

    HealthBeacon Opens New Production Facility

Irish digital health technology company HealthBeacon has officially opened its newly expanded Irish headquarters in Dublin 12. HealthBeacon has been on an upward trajectory since founding in 2014, with 2018 their busiest year yet.
Over the past four years the innovative Irish medtech company has experienced comprehensive market penetration within Ireland, witnessing in excess of 100% […]

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HBAN’s MedTech Syndicate Leads €1.1 Million Investment in Ostoform

    HBAN’s MedTech Syndicate Leads €1.1 Million Investment in Ostoform

 HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and a joint initiative of Enterprise Ireland and InterTrade Ireland, has announces that its MedTech Syndicate has led a €1.1 million Series A funding round in medical device start-up, Ostoform. HBAN Angels contributed €280,000, with venture capital investor, SOSV, Enterprise […]

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BD Opens New State-of-the-art R&D Facility in Limerick

    BD Opens New State-of-the-art R&D Facility in Limerick

BD, a leading global medical technology company, is to create 85 new jobs for the Limerick region. The announcement was made as Minister for Trade, Employment, Business, EU Digital Single Market and Data Protection Pat Breen TD, officially opened BD’s Research Centre Ireland (RCI) in Limerick’s National Technology Park. The €21 million investment in BD’s […]

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New Atlantic MedTech Cluster Launched

    New Atlantic MedTech Cluster Launched

Eight indigenous MedTech specialist companies have formed an innovative business cluster to promote Ireland as a global centre of excellence for the industry. The Atlantic MedTech Cluster is one of the first collaborative groups set up under Enterprise Ireland’s Clustering Programme. The cluster has been launched in Sligo by Minister for Business, Enterprise and Innovation, […]

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Fusion Antibodies Doubling Workforce as it Targets Global Business

    Fusion Antibodies Doubling Workforce as it Targets Global Business

Belfast-based Clinical Research firm, Fusion Antibodies has announced plans to create 28 new jobs. This recruitment drive, supported by Invest Northern Ireland, will help Fusion deliver its services to its growing international customer base.
The company’s antibody engineering technology assists in the development of novel biological molecules that are used as innovative drugs for human diseases including cancer, […]

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UCD Opens Ireland’s First Hospital Knowledge Transfer Offices

    UCD Opens Ireland’s First Hospital Knowledge Transfer Offices

University College Dublin (UCD), in partnership with St. Vincent’s Healthcare Group (SVHG) and The Mater Misericordiae University Hospital (MMUH), has opened Ireland’s first in-hospital Knowledge Transfer (KT) Offices. The KT Offices have been established to develop the commercial potential of the research outputs emerging from both hospitals and to extend the reach of their medical advancements […]

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Irish R&D Supports Bausch + Lomb’s $205 Million Investment in Waterford

    Irish R&D Supports Bausch + Lomb’s $205 Million Investment in Waterford

Over 96% of the lens volume produced by Bausch + Lomb, the global eye care specialist, at its plant in Waterford has been developed by the facility’s in-house R&D Laboratory, pointed out Joe Dowling (pictured above), R&D Director, Bausch + Lomb, Waterford, at the recent 2018 Research & Innovation Conference & Exhibition held at Citywest […]

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2018 Research and Innovation Conference & Exhibition Provides Insight into the R&D and Innovation Ecosystem in Ireland

    2018 Research and Innovation Conference & Exhibition Provides Insight into the R&D and Innovation Ecosystem in Ireland

Designed to foster collaboration between industry, academia and government agencies, the 2018 Research and Innovation Conference & Exhibition attracted over 1,000 visitors from across the major industrial sectors in Ireland to the Citywest Hotel, Dublin, on Wednesday, March 14th.
The visitors who braved the inclement weather were able to meet with the key organisations that are […]

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Edwards Lifesciences to Invest €80 Million in the Mid-West

    Edwards Lifesciences to Invest €80 Million in the Mid-West

Edwards Lifesciences Corporation, the global leader in patient-focused innovations for structural heart disease and critical care monitoring, has announced that the company, headquartered in Irvine, California, USA, has chosen the Mid-West of Ireland for the location of a new plant to manufacture delivery components for its transcatheter heart valve therapies. This new addition to Edwards’ […]

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Pharmaceutical Industry Unlikely to Avoid Harsh Brexit

    Pharmaceutical Industry Unlikely to Avoid Harsh Brexit

By John Whelan 
International policy leaders attending the recent Bio Pharma Ambition conference in Dublin Castle were addressed by Dr Lorraine Nolan, the chief executive of Ireland’s Health Products Regulatory Authority and a member of the European Medical Agency (EMA). She stressed that continued  good working relationships with the UK regulatory MRHA, would be essential for the […]

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Affidea Grows in Ireland and Opens New ExpressCare Clinic in Cork

    Affidea Grows in Ireland and Opens New ExpressCare Clinic in Cork

Affidea, Europe’s leading diagnostic imaging provider, is investing in Ireland and has officially opened its first ExpressCare clinic in Ireland in the Elysian building in Cork City to serve the people of Cork and surrounding areas. An Tánaiste and Minister for Foreign Affairs and Trade Simon Coveney TD, attended the opening of Affidea’s new state-of-the-art […]

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UCC Scientists Reveal How Food Affects Our Mood

    UCC Scientists Reveal How Food Affects Our Mood

A new book, ‘The Psychobiotic Revolution’, is having a major impact in the field of biomedicine. It reveals that our brain health and state of mind are intimately connected to our gut bacteria (microbiome). The discoveries could help change the way we treat conditions such as depression and anxiety.
More oily fish and fibre-rich vegetables could help improve […]

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UCD Partnering in New €8.2 Million Cross Border Research Centre to Improve Cardiovascular Care

    UCD Partnering in New €8.2 Million Cross Border Research Centre to Improve Cardiovascular Care

The Eastern Corridor Medical Engineering Centre (ECME), a cross border centre of research excellence within the field of cardiovascular medicine, with partners in the Republic of Ireland, Northern Ireland and Scotland has been launched at Ulster University. The centre has received €8.2 million in funding from the European Union’s INTERREG VA Programme, managed by the […]

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Irish Design Company Chosen to Work on Two Multi-Million Euro EU Projects

    Irish Design Company Chosen to Work on Two Multi-Million Euro EU Projects

Dolmen, an award-winning Irish product design and innovation consultancy, has been chosen to work on an €8million project to help the future of personalised biomaterials; and to work on a €3.5 million green project on solar cells which reduce CO2 in the atmosphere.
The personalised biomaterials project will, for the first time, predict the patient specific […]

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Largest Ever European Investment Bank Support in Ireland

    Largest Ever European Investment Bank Support in Ireland

The European Investment Bank is to provide a loan of €490 million to support construction of the new children’s hospital in Dublin. This represents the largest ever financial engagement by the European Union’s long-term lending institution in Ireland and the EIB’s first backing for a hospital in the country.
The new children’s hospital project includes two […]

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New Precision Medicine Centre of Excellence Will Improve Patient Treatment

    New Precision Medicine Centre of Excellence Will Improve Patient Treatment

A £10 million Centre of Excellence in Precision Medicine has been launched by Invest Northern Ireland and Queen’s University Belfast. The Centre of Excellence in Precision Medicine will develop an internationally accredited laboratory focusing on diagnostics which can be used to predict a cancer patients’ response to treatment. This will allow potentially costly drugs to […]

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Applications Now Open for Cork County Council’s International Start-Up Accelerator Competition for Life Sciences, Medical Technology and Digital Health Companies

    Applications Now Open for Cork County Council’s International Start-Up Accelerator Competition for Life Sciences, Medical Technology and Digital Health Companies

Applications are now open for entrepreneurs all across Ireland to take part in Cork County Council’s International Start-Up Accelerator Competition for Life Sciences, Medical Technology and Digital Health Companies. This a huge opportunity for ambitious, early stage entrepreneurs across Ireland, as MassChallenge is set to connect them to a Global Network and facilitate the creation […]

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Total Lifetime Cost of Childhood Overweight and Obesity in Ireland Estimated at €7.2 Billion

    Total Lifetime Cost of Childhood Overweight and Obesity in Ireland Estimated at €7.2 Billion

New safefood funded research into the cost of childhood overweight and obesity on the island of Ireland has estimated the total lifetime cost to be €7.2 billion (€4.6 billion in the Republic of Ireland; £2.1 billion in Northern Ireland). The study¹, led by University College Cork (UCC) and involving leading academic institutions and multidisciplinary research […]

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Global medtech market to be worth €475bn by 2018

    Global medtech market to be worth €475bn by 2018

Ireland must seize the opportunities being created by the continued growth in the global medtech market, expected to be worth €475 billion next year. That will be the key message from more than 30 leading medtech professionals, including CEOs, Fortune 500 business leaders and international experts, at “Medtech Rising: The Irish Medtech CEO Conference taking […]

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Irish Medtech Awards launched amid strong industry growth

    Irish Medtech Awards launched amid strong industry growth

Strong growth within the medtech industry is driving further investment and job creation. That’s according to a new survey published by the Irish Medtech Association, the Ibec group that represents the sector, to mark the launch of the Irish Medtech Awards which are jointly hosted with Enterprise Ireland and IDA Ireland.
The results of the Medtech […]

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BioMarin expands facility to manufacture medicine for rare genetic diseases

    BioMarin expands facility to manufacture medicine for rare genetic diseases

Simon Coveney, Minister for Foreign Affairs and Trade, has officially opened a new expansion at BioMarin Pharmaceutical Inc. in Shanbally, Co Cork. BioMarin has recently extended its site footprint to 20 acres as the company continues to experience a rise in the global demand for its therapies to treat rare genetic diseases that mostly affect […]

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HealthBeacon to create 20 jobs

    HealthBeacon to create 20 jobs

Dublin-based digital health company HealthBeacon has announced the creation of 20 jobs, which will aim to bring the company’s headcount to 37. The new positions will support the launch of the firm’s technology expansion – the ‘Smart Sharps System’ that helps patients adhere to their medication schedule – into North America.
The company is set to […]

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156K cancer patients could miss out on life-saving drugs every year in US and Europe

    156K cancer patients could miss out on life-saving drugs every year in US and Europe

Irish medtech company Diaceutics has announced research results showing that more than 156,000 cancer patients in the US and Europe could be missing out on targeted life-saving drugs every year due to suboptimal diagnostic testing – therefore potentially affecting their chances of survival. The company has also found that substandard testing practices are causing pharmaceutical […]

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4,000 jobs to be added by 2020 – Irish Medtech Association

    4,000 jobs to be added by 2020 – Irish Medtech Association

The Government must invest in new technologies and skills to reap the benefits from advances in manufacturing, or get left behind as the UK and US fight for manufacturing investment and jobs. According to a new report by the Irish Medtech Association Skillnet and Irish Medtech Association, the Ibec group representing the sector, Ireland is […]

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Ostoform wins AIB Start-up Academy 2017

    Ostoform wins AIB Start-up Academy 2017

Limerick company Ostoform has won the 2017 AIB Startup Academy competition ahead of 13 other contenders who pitched for the €20,000 cash investment before 300 attendees at the Lighthouse Cinema in Dublin.
The 14 finalists each delivered a five-minute elevator pitch about their business and then faced a five-minute Q&A session with the judging panel. Runners […]

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Johnson & Johnson buys Neuravi in multimillion euro deal

    Johnson & Johnson buys Neuravi in multimillion euro deal

Galway medtech company Neuravi has been taken over by US life sciences giant Johnson & Johnson Codman Neuro business in a deal that gives J&J access to the fast-growing strokecare market. DePuy Ireland Unlimited Company, an affiliate of Codman Neuro, is the acquiring entity. Financial terms of the transaction were not disclosed.
Founded in 2009, Neuravi […]

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OncoMark Secures €2.1 Million Investment to Commercialise Breast Cancer Diagnostic Test

    OncoMark Secures €2.1 Million Investment to Commercialise Breast Cancer Diagnostic Test

OncoMark, a University College Dublin (UCD) spin-out company, announced on Wednesday that it has secured €2.1 million to fund the commercialisation of OncoMark’s lead product, OncoMasTR, which it plans to launch in 2018. OncoMasTR is a novel prognostic test for early-stage breast cancer that will reduce the number of breast cancer patients receiving unnecessary chemotherapy.
OncoMark CEO […]

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ICON Report 12.4 Percent Net Income Increase For 2016

    ICON Report 12.4 Percent Net Income Increase For 2016

Irish-based drug developer ICON reported on Thursday its financial results for the fourth quarter and full year, 2016, showing that the fourth quarter net revenue grew 7.9% year on year to $435.1 million from $403.3 in 2015. This represented 8.4% constant currency growth and 4.2% constant dollar organic growth year on year. Income from operations in […]

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Founder of THEYA Healthcare Shortlisted for Cartier Awards

    Founder of THEYA Healthcare Shortlisted for Cartier Awards

Irish entrepreneur, Ciara Donlon, founder and CEO of medical device company THEYA Healthcare has been shortlisted as a finalist for the 2017 Cartier Women’s Initiative Awards.
Ciara is the only Irish entrepreneur shortlisted for the European Award category alongside an entrepreneur from Russia and an entrepreneur from the UK.
The Cartier Women’s Initiative Awards are an international business […]

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Limerick Company Sign €1.1 Million Deal to Distribute Medical Devices in Oman

    Limerick Company Sign €1.1 Million Deal to Distribute Medical Devices in Oman

A delegation of 20 Irish companies, led by Enterprise Ireland and Minister for Employment and Small Business Pat Breen, participated in the 2017 edition of Arab Health, which took place at the Dubai International Convention & Exhibition Centre from January 30 to February 2.
One participating company, Fleming Medical, signed a distribution agreement with Muscat Pharmacy […]

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€5 Billion Investment in Irish BioPharma Sector

    €5 Billion Investment in Irish BioPharma Sector

Capital investment projects valued at €5 billion have been recently completed or are currently in progress across the Irish biopharma industry, according to Matt Moran, Director of BioPharmachem Ireland, the Ibec association representing the biopharma, pharma and chemical sectors in Ireland. BioPharaChem Ireland’s primary aim is to ensure that Ireland remains a recognised global centre […]

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Aerie Pharmaceuticals to Establish Athlone Manufacturing Plant

    Aerie Pharmaceuticals to Establish Athlone Manufacturing Plant

Aerie Pharmaceuticals, Inc. announced on Monday that they have entered into a lease agreement with IDA Ireland to establish a new manufacturing plant in the recently-constructed 2,650 square meter IDA Advanced Technology Building in Athlone, Ireland.
Aerie has commenced equipment ordering and will begin internal construction immediately. Estimated project-wide construction and equipment costs are expected to […]

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AbbVie and GMI Announce Landmark Population Genomics Alliance

    AbbVie and GMI Announce Landmark Population Genomics Alliance

Biopharmaceutical company AbbVie, life-sciences startup Genomics Medicine Ireland Limited (GMI), and WuXi NextCODE, the global contract genomics organisation, launched a long-term strategic alliance on Monday to conduct population genomics research in Ireland aimed at advancing the discovery and development of novel therapeutic approaches to a range of serious diseases. The 15-year collaboration will focus on […]

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BD to Build R&D Centre in Limerick

    BD to Build R&D Centre in Limerick

Medical Technology company Becton, Dickinson and Company (BD) announced on Friday that it plans to open a research and development centre in Limerick, creating about 100 jobs.
The €21 million investment in the centre includes an extensive renovation of the former UniGolf facility in the National Technology Park. Once completed, it is planned to house more […]

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West Pharmaceuticals Expansion to Create 100 Jobs

    West Pharmaceuticals Expansion to Create 100 Jobs

Medical manufacturer West Pharmaceutical Services, Inc. announced on Tuesday, November 29, the completion of a 60,000 square foot expansion at its contract manufacturing facility near Mulhuddart, County Dublin. The expansion was initiated in response to customer demand for medical device manufacturing, especially in the area of diabetes.
West Pharmaceutical Services, Inc. manufactures packaging components and delivery […]

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Medicine Research Network Launched at UCC

    Medicine Research Network Launched at UCC

The UCC School of Pharmacy-led PEARRL (Pharmaceutical Education and Research with Regulatory Links) Network officially launched this week. The network, funded by Horizon 2020 and Marie Sklodowska-Curie innovation programme, aims to achieve earlier patient access to new medicines, has been launched.
The PEARRL project brings together 18 leading European institutions, including Pharma industry, academia and regulatory […]

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‘Internet of Things’ Implementation Boosts Employee Production by Seven Hours Per Week – Survey

    ‘Internet of Things’ Implementation Boosts Employee Production by Seven Hours Per Week – Survey

A survey conducted by Equinix found that Irish companies that have utilised the “Internet of Things” (IoT) reported a boost in productivity of seven hours per week per employee. The report, released on Thursday, November 24, also found that 89% of financial services companies and 69% of government and public sector bodies do not deploy […]

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Valitacell win InterTradeIreland Seedcorn Competition

    Valitacell win InterTradeIreland Seedcorn Competition

Dublin biotech company, Valitacell, was crowned the overall winner of the 14th annual InterTradeIreland Seedcorn competition on Wednesday, 23 November. Valitacell won a cash prize of €100,000 at the grand final held at The Waterfront Hall in Belfast.
Dundalk based Gecko Governance who won the Best Early Stage Company Category award and a cash prize of […]

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UDG Healthcare Announces 8% Increase in Operating Profit

    UDG Healthcare Announces 8% Increase in Operating Profit

Dublin-based Healthcare services provider UDG released preliminary results of their financial year on Thursday, November 24, which showed an 8% increase in operating profit for continuing operations over 2015. The results for the year ending on September 30 show increases in revenue, operating profit, profit before tax, earnings before interest, taxes, depreciation and amortization (EBITDA) […]

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EpiCor Therapeutics wins UCD Start-up of the Year Award

    EpiCor Therapeutics wins UCD Start-up of the Year Award

Biotech start-up EpiCor Therapeutics won the UCD Start-Up of the Year Award 2016 on Thursday, November 17. It received a €20,000 prize as part of the overall winner award of the UCD VentureLaunch Accelerator Programme. The start-up is aiming to develop a treatment for hypertrophic obstructive cardiomyopathy (HOCM), a significant cause of sudden cardiac death.
HOCM […]

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Medtronic Releases Second Quarter Financial Report

    Medtronic Releases Second Quarter Financial Report

Dublin-headquartered medical device company Medtronic reported the financial results of its second quarter on Tuesday, November 22.
The company reported second quarter worldwide revenue of $7.345 billion, an increase of 4 percent, or 3 percent on a constant currency basis, however Medtronic CEO  Omar Ishrak said that second quarter revenue was “disappointing and did not meet […]

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Telefex Opens International Headquarters in Athlone

    Telefex Opens International Headquarters in Athlone

US surgical device provider Telefex opened its newly-constructed Global Operations and International headquarters in Athlone on Tuesday, November 15.
The 45,000 square-foot facility, located in the IDA Business & Technology Park, houses a laboratory and office space and is intended to serve as the location for Teleflex’s global operations. Teleflex has operated in Athlone since 2007, […]

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Irish SME’s score €26.5 million with highest success rate in Horizon 2020 project

    Irish SME’s score €26.5 million with highest success rate in Horizon 2020 project

New figures released by the European Commission show that Ireland has the highest success rate in Europe for the Horizon 2020 SME Instrument, with SMEs in the country securing €26.5 million from the fund.
Horizon 2020 is a massive EU project that aims to transform research and innovation with nearly €80 billion in funding designed to […]

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Galway to get 50 jobs as medical devices company SMT sets up EU HQ

    Galway to get 50 jobs as medical devices company SMT sets up EU HQ

Sahajanand Medical Technologies (SMT) is to establish its European headquarters, including a state-of-the-art research, development and innovation centre, in Galway.
The investment by SMT will see 50 jobs created over the next five years.
The company develops and manufactures minimally invasive coronary stent systems in India and supplies these products across 60 countries in Europe, Asia, MENA […]

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Medical software certification sees Comtrade target 25% growth

    Medical software certification sees Comtrade target 25% growth

Software engineering and solutions provider Comtrade are targeting 25% year-on-year growth between now and 2020, after the company announced that its Digital Services division has received ISO certification as a developer of medical software solutions.
The medtech industry is undergoing a relative boom in Ireland, with the export market for medical devices and diagnostic products worth […]

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Medtech company BD invests €36 million to expand Drogheda operations

    Medtech company BD invests €36 million to expand Drogheda operations

In more good news for Drogheda today, medical technology company BD (Becton, Dickinson and Company) has announced an investment of €36 million that will create up to 20 additional jobs at its facility.
BD produces BD PosiFlush syringes and safety components for insulin injection at its site in Louth.
The investment will see two new production lines […]

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Fort Wayne Metals expands in Castlebar with €10 million investment

    Fort Wayne Metals expands in Castlebar with €10 million investment

Fort Wayne Metals has announced a €10 investment to expand its production operations in Castlebar, with 40 jobs to be created over the next five years.
The company is a leading supplier of precision wire and components for medical devices. Their products are used in tools such as stents, pacemaker leads, endoscopy, orthopaedic devices and more.
Founded […]

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VistaMed creating 150 jobs in a €10m investment

VistaMed a Co Leitrim medical devices company is to create more than 150 new jobs in a €10m investment. VistaMed is a global supplier of medical devices currently employing over 300 people at two manufacturing operations in Leitrim.
Some 37 of the positions have already been filled with recruitment now under way for a further 163 jobs at the plant in […]

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Government Negotiates for Lower Drug Prices

Over the next four years, the State plans to cut the amount it pays for medication by €775 million.

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New Jobs in Research and Development in Galway

    New Jobs in Research and Development in Galway

Creagh Medical has announced that 100 jobs in research and development are being created in Galaway over the next five years.

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Dublin Eye Clinic Offers New Laser Eye Surgery Procedure

    Dublin Eye Clinic Offers New Laser Eye Surgery Procedure

Wellington Eye Clinic has recently become the first optic clinic to utilize a new procedure for laser vision correction in the Republic of Ireland.

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NYPRO to let go 47 of it’s staff in Waterford

Medical Device company NYPRO Healthcare Ireland has announced that it will let go 47 of its staff at it’s Waterford facility.
The company said that it is releasing a number of agency workers and fixed term contract staff due to a temporary downturn in demand.
The Waterford plant, which opened in 2013, manufactures advanced respiratory and injectable […]

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Life Sciences in Ireland Prepare for Industry 4.0

25-4-2016Pictured from left is guest speaker Brian Dilleen, Zimmer Biomet Worldwide MES lead ;Sean O’Sullivan, Seabrook Managing Director; and speaker Dave McDermaid, Siemens PLM Software Business Development Consultants as Seabrook Technology Group held the first ‘Preparing for Industry 4.0’ conference for life sciences industries in Dublin today. Industry 4.0 describes the onset of mass digitisation […]

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Private equity fund Carlyle Cardinal eyes Mater Private

    Private equity fund Carlyle Cardinal eyes Mater Private

According to the Irish Times the Irish-American private equity fund Carlyle Cardinal is among the bidders shortlisted to acquire the Mater Private hospital group.
The Irish Times has learned that Carlyle Cardinal is one of four or five groups shortlisted to bid for the Dublin-based healthcare provider, which is expected to be valued at about €500 […]

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Survey shows: 59% of medtech firms in Ireland increased sales in 2015

Ireland’s reputation as a major global hub for the medtech sector has grown in stature in recent years with 18 of the top 25 medtech companies in the world now operating here. This looks set to continue, as 77% of companies plan to launch new products and services in the next three years, according to a survey […]

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Alere to create 40 jobs in Galway

Medical technology company Alere is to triple the size of its operations in Galway, which will result in the creation of 40 new jobs.
The company’s Ballybrit operation oversees the processing and delivery of medical diagnostic tests, and already employs over 100 people.
Following its expansion, the company will manage more than 150 million tests at its […]

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