United Drug in €40m spend pledge

Drug delivery company United Drug is to invest €40m in upgrading its Dublin headquarters in a move which will significantly expand its capacity in the coming years.

The company is the former Irish drug distribution division of diversified healthcare services group UDG Healthcare. It was bought by international pharmaceutical wholesale group McKesson, which owns the Lloyds Pharmacy chain for €407m last year.

The latest investment will go towards enhancing United Drug’s systems and technologies at its Dublin headquarters and will ultimately increase the company’s distribution by two-thirds. Management has also indicated that it will further expand capacity over the coming three years.