Pharmaceutical firm sells for €431.25m

THE privately owned Galway-based pharmaceutical company, Bioniche Pharma, has been sold for €431.25 million to US firm Mylan.

The manufacturing base of the group is at Inverin, Co Galway.

Up to 160 people are employed and staff were informed of the sale yesterday, according to a reliable source. It is understood that the business will be developed further by the new owners.

At the briefing yesterday, there was no mention of job losses.

Bioniche has been owned by US private equity firm RoundTable Health Partners since the beginning of 2006. It manufactures injectable pharmaceutical products, which serve a variety of niche markets globally.

Jack McGinley, founding partner of RoundTable and group chairman said: “We believe Mylan is an excellent strategic partner for the company, its employees and customers.”

More in this section

The Business Hub

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day.

News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up

Our Covid-free newsletter brings together some of the best bits from, as chosen by our editor, direct to your inbox every Monday.

Sign up