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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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) […]
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.
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
Over the next four years, the State plans to cut the amount it pays for medication by €775 million.
Creagh Medical has announced that 100 jobs in research and development are being created in Galaway over the next five years.
Wellington Eye Clinic has recently become the first optic clinic to utilize a new procedure for laser vision correction in the Republic of Ireland.
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]