UCD seeks 15% of fast-growing firm

A dispute over whether University College Dublin is entitled to a 15% shareholding in a fast-growing company involved in developing commercial processes for global pharmaceutical giants has come before the Commercial Court.

Applied Process Company Ltd, set up in 2011, now employs more than 100 people, expects to double its workforce in the next five years, and is set to achieve revenues of almost €18m by the end of this year, it was stated in court documents.