Industry & Business

Medical

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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Plastics are Future will meet in Valencia

AIMPLAS is holding on 26 and 27 April an international meeting, where they will be tackled the future of plastic materials and the latest innovations of sectors such as medicine, packaging, automotive, water supply and lighting.
Since their inception in the last century, these polymers have extended their applications to almost all the sectors of economic […]

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Aerogen to represent Ireland in top European Business Awards

Aerogen, the global leader in aerosol drug delivery, has been named as a Ruban d’Honneur recipient for excellence in innovation and financial success in the prestigious 2015/2016 RSM European Business Awards.  Aerogen will now represent Ireland in the final to become overall Entrepreneur of the Year.
The prestigious accolade comes as Aerogen, which employs over 100 […]

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Galway’s Creganna sold to Swiss firm

Galway-based medical devices company, Crehanna has been sold for $895m in cash. The firm manufactures delivery devices used in minimally invasive vascular surgery.
The company, which is owned by London based global investment firm Permira, has been bought by Swiss based TE Connectivity.
Permira bought the Galway based firm in 2010, and since then Creganna’s revenues have grown […]

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3D4Medical to create 70 new jobs in Dublin

Irish medical technology company, 3D4Medical is to create 70 new jobs over the next 18 months in its Dublin headquarters. The technology firm makes medical and health apps to help support and educate professionals, students and patients.
The company is seeking software developers, 3D graphic artists and medical writers and experts.  The expansion will see the company treble its […]

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i360 Medical signs diagnostic deal with US and Asian firms

    i360 Medical signs diagnostic deal with US and Asian firms

Irish healthcare solutions and medical device innovation company, i360 Medical has signed a deal with the US-based Feinstein Institute for Medical Research and Singapore’s Diagnostics Development Hub.
The deal has been agreed to target the development of medical device and diagnostic technologies with an initial focus on surgical procedures, intra-operative diagnostics and diabetic management.
The chief executive […]

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Malin Announces Investment in Gene Therapy Company Poseida Therapeutics, Inc.

    Malin Announces Investment in Gene Therapy Company Poseida Therapeutics, Inc.

Malin, an Irish-based company set up by a number of former Elan executives is to invest in privately held life science assets, Poseida Therapeutics.

The deal will see Malin acquire a 31pc stake in Poseida, which is working on treatments for liver disease and cancer using genome engineering described by Malin as “ground-breaking”.

Poseida is a US-based, privately-held human […]

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20 jobs for Galway with medtech company Aerogen

Galway-based medtech company Aerogen has announced it plans to create 20 jobs in 2016.
Aerogen just recently won the 2015 Zenith Award for respiratory care excellence. They were nominated for the award by the American Association of Respiratory Care (AARC) who decided that the Irish company were worthy of being winners for the second time in three […]

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Irish owned Team Horizon expands to the U.S.

Team Horizon, the global life-science services firm, has expanded its global footprint with the announcement of a new office in Philadelphia.
Founded in Westport, the company’s core expertise is in high demand in North America with an established client base in Texas, North Carolina and Canada. By the second half of next year, the company plans […]

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SFI Europe and AbbVie announce €10m investment

Minister for Jobs Mr Richard Bruton has announced a joint investment of €10 million by the Department of Jobs, Enterprise and Innovation through Science Foundation Ireland (SFI) in a partnership with leading international biopharmaceutical company AbbVie to undertake two new therapeutic research collaborations in Ireland.
The collaborations, which will each investigate disease markers and potential targets […]

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Pfizer in talks to aquire Allergan

    Pfizer in talks to aquire Allergan

Pfizer is in talks to acquire Allergan in a $370 to $380 deal for each Allergan share, the global drug industry’s largest ever.
While negotiations have made progress in recent days, an agreement is not imminent and its timing remains uncertain following the Treasury’s disclosure that it would seek to tighten the rules on inversions.
The development throws […]

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Dundalk’s Blueacre Technology secures role in €4.5m EU research project

Blueacre Technology are specialists in the field of laser marking and engraving.
Dundalk-based Blueacre Technology has secured a role in a €4.5m EU research project developing next-generation surgical devices with eight other companies from Europe.
Openmind is the name of a new EU-funded project aiming to create an actual supply chain of customised medtech devices. This results in […]

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Euromedic creates 100 jobs with Affidea rebrand

Affidea, a Diagnostic healthcare provider, is to create 100 jobs over the next 18 months as part of a new €15 million investment.
The company, which was previously known as Euromedic,  said the new positions will be a mix of clinical and administrative roles.
Affidea, which announced its rebrand on Thursday, entered the Irish market in March 2007 with […]

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First ever female recipients of the Researcher of the Year accolade at the SFI Science Summit

Professor Geraldine Boylan and Professor Louise Kenny have been announced as the Science Foundation Ireland Joint Researchers of the Year 2015.
Minister for Skills, Research and Innovation, Damien English TD made the announcement at the SFI Science Summit, to an audience of 300 researchers in attendance.
Professor Geraldine Boylan and Professor Louise Kenny the joint Directors of […]

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175 jobs in question as Medtronic to close customer care centre

Medtronic employs 4,000 people across Ireland
Medtronic, a medical device company, is closing its customer care centre in Dublin, creating a major doubt over the 175 jobs there.
Staff at the company were understood to have been told yesterday that the company’s customer care centre was likely to be shut by next June, according to the Communications […]

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MedinIreland 2015 highlights- Ireland’s medtech evolution

An Taoiseach, Enda Kenny TD, Eadaoin Ledwidge, Connexicon Medical and 5 year old Tara Burns helping to demonstrate Connexicon’s topical Tissue Adhesive with Terence O’Rourke, Chairman, Enterprise Ireland and Julie Sinnamon, CEO, Enterprise Ireland
The Taoiseach, Enda Kenny TD, today opened Enterprise Ireland’s showcase for medical device and diagnostic products, MedinIreland 2015. The biennial event, being […]

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Neuromod raises €5.5m to fund clinical trials for device in the US

    Neuromod raises €5.5m to fund clinical trials for device in the US

Irish company Neuromod has raised €5.5 million to fund clinical trials in the US for a device that targets millions of people suffering from chronic tinnitus.
Tinnitus, often described as a ringing or buzzing in the ears, affects as many and there are very limited treatment options currently available.
Neuromod, a company spun out of NUI Maynooth, […]

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Top 250 Exporters in Ireland and Northern Ireland 2015

    Top 250 Exporters in Ireland and Northern Ireland 2015

Investec & Irish Exporters Association: FDI companies dominate Ireland’s export industry
-Investec Sponsored Irish Exporters Association Report shows significant growth in export sales with value of top five exporters increasing by 23.5% year-on-year-
Minister for Jobs Richard Bruton officially launches Top 250 Exporters
Dublin. Monday, 21st September, 2015: The Minister for Jobs, Enterprise and Innovation, Richard Bruton TD […]

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Bristol-Myers buys rights to fibrosis drug for up to $1.25bn

    Bristol-Myers buys rights to fibrosis drug for up to $1.25bn

Bristol-Myers Squibb Co. is paying up to $1.25 billion for the rights to a developing fibrosis drug in a deal that also gives it the right buy drug developer Promedior Inc.
Bristol-Myers will buy worldwide rights to drug candidate PRM-151, currently in midstage development as a treatment for the lung condition idiopathic pulmonary fibrosis and bone […]

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Johnson & Johnson to invest €100m in expansion of production facility in Limerick

    Johnson & Johnson to invest €100m in expansion of production facility in Limerick

Minister for Jobs, Enterprise and Innovation, Richard Bruton and Minister for Finance, Michael Noonan have announced that Johnson & Johnson Vision Care which operates as Vistakon Ireland is to invest over €100 million in the expansion of its manufacturing operations.
It is expected that the 18 month construction period at the National Technology Park in Limerick […]

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West Pharma plant could deliver up to 300 jobs for Waterford

    West Pharma plant could deliver up to 300 jobs for Waterford

Up to 300 new jobs could be created by a global pharmaceutical packaging giant in the coming years on a 44-acre site in Waterford where construction will start next month.
West Pharmaceutical Services, which makes packaging components and “drug delivery systems” for pharmaceutical products, announced last year it will be employing 150 people at its new […]

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Ireland to be fastest growing economy in Europe

    Ireland to be fastest growing economy in Europe

Ibec, the group that represents Irish business, today said that despite disappointing preliminary growth figures for the third quarter, the economy will significantly outperform the rest of Europe and grow by a spectacular 5.7% this year. In 2014 the recovery finally reached the domestic economy. Unemployment is falling, investment is on the rise and the […]

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Sustainable Food & Beverage Manufacturing Conference & Exhibition is Major Success

    Sustainable Food & Beverage Manufacturing Conference & Exhibition is Major Success

450 delegates from food and drink businesses across the UK and Ireland attended the inaugural Sustainable Food & Beverage Manufacturing Conference & Exhibition, which was held at the Motor Cycle Museum, Birmingham on Thursday, 23rd of October 2014.
In line with the event’s theme of ‘sustainable growth for sustainable profits’, the speakers at the Conference were […]

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