Almac invests €71m in US base

NORTHERN Irish pharmaceutical company Almac has invested €71.6 million in a new North American headquarters in Pennsylvania.

The Craigavon-based company, established in 2002 by Galen Holdings founder Dr Allen McClay, does most of its business in North America and continental Europe from its offices in Co Armagh and another in Edinburgh.

The latest development will create a minimum of 262 new jobs over the next three years, the company said yesterday, as well as directly leading to the retention of 495 existing positions. The new positions will include software development and laboratory specialists.