Waterford-based pharma swings back into profit

The main arm of Waterford-based pharmaceutical company EirGen swung back into pre-tax profit last year, as revenues climbed 28% to €12.2m.

It was announced last month that EirGen had been acquired by US drugs company Opko for €135m.

Founded by Patsy Kearney and Tom Brennan 10 years ago, the company employs 100 people and manufactures high-potency drugs for cancer chemotherapy treatment.