It has been announced today that US based generic drug manufacturer, Amneal Pharmaceuticals LLC, has purchased a 200,000 square foot facility in Cashel, County Tipperary.
The company expects to hire an estimated 250-300 employees at full build-out. The investment is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.
CEO of IDA Ireland, Martin Shanahan said, "Regional development is a core part of IDA Ireland’s strategy. This announcement is great news for Tipperary and the whole of the South East region.
"That Amneal has chosen to locate in a facility that had been occupied previously is especially pleasing and is a credit to the IDA executives who are advertising ready-to-go sites just like this in boardrooms across the world on a daily basis."
Amneal Pharmaceuticals LLC is a global supplier of generic pharmaceuticals, vertically-integrated across the entire supply chain from R&D to finished goods. It is the 7th largest U.S. generics supplier by volume.
The Cashel site will be dedicated to R&D and production of metered dose and dry powder inhalers (MDIs and DPIs) as well as biosimilars – all high-end specialty medications - with each product occupying approximately 50% of the building.
Source: www.businessworld.ie