Eli Lilly, the US pharmaceutical giant, communicated their plans to invest €35 million in their Kinsale plant. Using what Eli Lilly calls, “pioneering technology that has the potential to transform how medicines are made in the future,” the company will establish a new high-tech manufacturing facility at the Cork building.
Company’s chief executive John Lechleiter further explained that they will help develop and commercialize many products in the company’s late-stage pipeline, by applying “continuous manufacturing technology.” Kinsale Plant will become Eli Lilly’s worldwide center of excellence for continuous manufacturing for active pharmaceutical ingredients and is expected to be completely operational by early next year.
Noting that Lilly celebrates 140 years in the industry next month, Dr. Lechleiter said: “Since our Kinsale site was established 35 years ago, it has contributed significantly to the success of our company and has developed a strong reputation for delivery.”
“This investment follows a major biotech investment program at Kinsale over the past eight years, which so far has resulted in an investment of €650 million and the recruitment of 350 additional employees at the site”.
Furthermore, IDA Ireland chief executive Martin Shanahan, embraced the announcement by stating that pharmaceutical corporations like Lilly will continue to pick Ireland for various reasons, including our “world-class pharma infrastructure and skilled workforce.”
“This investment demonstrates Lilly’s enduring commitment to Ireland,” he said.
Also, Minister for Jobs, Enterprise and Innovation Richard Bruton said pharma was a key sector “which we have targeted as part of our jobs plan, and winning investments from major world-leading companies like Lilly brings enormous benefits to Ireland.”
The team implementing this project has been working on this technology for several years. To prove the concept, they will seek to establish a fully operational facility by early 2017.
Source: Irish Times
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