Biopharma Business

The company announced an investment in a new facility in Dundalk, County Louth, Ireland.

In November 2016, the company announced expansion projects in Pennsylvania and Northern Ireland. Almac said it would invest £20-million (approximately $25.28-million) at its site in Souderton, PA to expand its existing 240,000-ft² facility in addition to leasing a 26,000-ft² office space in nearby Lansdale, PA. In Northern Ireland, Almac said it would invest around £5 million (approximately $6.32-million) in Craigavon to build an additional laboratory and office facility.

“Almac’s decision to expand into Dundalk provides the company with certainty of access to the European Union in the long term—this certainty of access is an increasingly important selling point for Ireland as we look to win business for Ireland,” Martin Shanahan, CEO, IDA Ireland said in a statement.