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9/21, 9:55 AM (Source: TeleTrader)
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AZ invests $360 million in Ireland manufacturing plant

AstraZeneca announced on Tuesday that it will invest $360 million dollars in building a new manufacturing facility in Ireland in order to better facilitate the company's global supply network.

AstraZeneca said that the plant will specialize in small molecules and will allow for late-stage development of pharmaceuticals and early commercial supply. Furthermore, the company asserted that this development will create around 100 direct jobs, as well as an unspecified number of indirect jobs.

AstraZeneca's Chief Executive Officer Pascal Soriot commented on the news: "This is a tremendously proud moment for us all at AstraZeneca and I am delighted that we are bringing this very significant investment to Dublin which, with the support of the IDA, will create highly skilled jobs, nurture the country’s dynamic life sciences sector and allow for the development of high value-added medicines."

Breaking the News / OL