Limerick has received a massive jobs boost this morning, with pharmaceutical company Regeneron announcing 300 new jobs to the area.
The company, based in Raheen Industrial Estate, announced a huge €84.9 investment to exapnd its Limerick industrial operations and product supply.
This means that the company will increase the number of people it employs in Raheen to 800.
Regeneron develop drugs for people with serious medical complaints. The firm has now bought a total investment of €636m since it opened in Limerick in 2014.
The new jobs will be high-end specialist positions in process sciences, commercial manufacturing, quality assurance/control/validation and support functions.
Regeneron’s production facility in Raheen is the largest scale bulk biologics production facility in Ireland and one of the largest biologic production operations in the world.
The investment is also set to need the construction of a number of manufacturing suites to increase production.
Taoiseach Leo Varadkar welcomed the announcement.
“Regeneron’s decision to expand so significantly is testament to the talent pool and attractive business environment available to companies in Ireland. This planned further expansion by Regeneron in Limerick is a significant contribution to the rejuvenation of the region,” the Taoiseach said.
Tanaiste and Minister for Business, Enterprise and Innovation Frances Fitzgerald, added: “I am delighted to see the great progress made to date giving rise to further substantial investment and additional jobs to be created in Limerick. It is great news for Limerick and the wider region.”
Dan Van Plew is the executive vice president and general manager of industrial operations and product supply at Regeneron.
He said, “When we picked Limerick years ago, we simply felt good about the community, universities and people. A few years and a lot of experience later, I can now confidently say I know Limerick is a place where you can build and thrive as a biotech.”
“We are proud of what has happened here and the vast majority of this work has been completed by people who come from Munster. These folks built, validated and began production in a way I’d put up against any other team on the planet. We feel at home here and the way we have been welcomed has made our ongoing growth and investment in Limerick rewarding on the most personal levels,” he added.