Directors’ pay levels at Dublin-based drug development company, Merrion Pharmaceuticals increased by almost €700,000 last year, despite the company’s net losses doubling.

MERRION Pharmaceuticals is shedding 20 jobs at its headquarters in Citywest, Dublin, to reduce annual cash expenditures by 32%, following losses of €2.04m for the first half of the year.

MERRION Pharmaceuticals, the Dublin-based drug development company, is to launch a €35 million flotation on the Irish and Nasdaq stock markets.

FOURTH round sessions of the TCH All-Ireland School Quiz at CBS, Roscommon resulted in wins for the host school and St Joseph’s College, Galway.