Multi million investment at Ringaskiddy facility
An international pharmaceutical contract development and manufacturing organisation this week announced details of its multi-million euro investment.
Hovione said the investment at its manufacturing facility in Ringaskiddy will almost doubles the capacity of its spray drying facilities in Ireland and will create more than 20 new positions.
Deputising for the Mayor of the County of Cork, Cllr Audrey Buckley said: “I am delighted to welcome this very significant investment and the creation of further highly skilled jobs in Cork today. It reinforces Hovione’s commitment to the region and the innovative solutions it provides to the pharmaceutical industry in Ireland."
Michael McGrath, the European Commissioner-Designate for Democracy, Justice and the Rule of Law said: “This latest investment highlights the success of Hovione’s facility in Ringaskiddy and underlines the continued resilience of Ireland’s pharmaceutical manufacturing sector. I am delighted that Hovione will be shortly welcoming new team members to this expanded facility, and I wish both them and Hovione every success.”
This latest investment reinforces, Hovione said, its position as a leader in spray drying for pharma applications. This manufacturing technology is for inhalable therapies and oral medications with low bioavailability, enabling more effective treatments.
Jean-Luc Herbeaux, Hovione´s Chief Executive said: “This newly opened facility further strengthens Hovione´s position as the global Contract Development and Manufacturing Organization (CDMO) of choice for spray drying development and manufacturing services. It also underscores our commitment to bringing first-in-class technology and world-leading manufacturing services to Irish shores.
“Ireland provides a superior environment for pharmaceutical manufacturing, and we are delighted to be a part of it.”
Michael Lohan, CEO, IDA Ireland, said: “Since operations began here 15 years ago, Hovione has made a significant contribution both locally and nationally through employment and investment alike and I am pleased to be here today to mark another step on that journey. We warmly welcome Hovione’s commitment to investing in Cork and we wish them continued success.”