Mylan will invest €76m in its Irish workforce over the next five years and hopes to fill the positions by 2016.
The majority of the jobs will be based in the firm’s existing Dublin branch, with 220 in Galway.
Taoiseach Enda Kenny made the announcement at the Dublin facility yesterday.
“[The] announcement, in addition to the company’s proven 25-year track record as a top employer and reliable exporter in Ireland, demonstrates Mylan’s commitment to its Irish operations and recognition for the capabilities of its talented workforce,” he said.
The IDA described the expansion as a positive development for the lifesciences sector.
Mylan employs 700 people at its Irish facilities.
The company delivers pharmaceutical products to customers in about 150 countries.
The jobs boost will see increased research and development, and manufacturing capabilities within the firm’s respiratory, injectables and oral solids franchises.
Jobs Minister Richard Bruton, who also attended the launch, said the news was the Government was on track with its action plan for jobs, which aims to deliver 100,000 new jobs by 2016.
“The life sciences industry is a key part of this Government’s strategy for jobs and growth,” said Mr Bruton. “Employing approximately 50,000 people here directly, the sector is a major strength in Ireland, but we must build on this.”
Meanwhile, minister of state with responsible for the Gaeltacht Dinny McGinley, said the jobs boost in the Galway Connemara branch in particular was a major coup for the region.
He said Mylan’s expansion in the Irish-speaking regionrepresents a vote of confidence in the area’s workforce.
The Mylan branch — Bioniche Pharma, employs 160 people in the area.
Meanwhile, about 250 jobs are to be generated by a proposed €85m biomass combined heat and power plant for Shannon.
Carbon Sole Industries is planning the 70MW plant on the site. The company aims to have the plant operational by the end of 2015.
The plant is expected to provide the electricity for Shannon town, the Shannon Free Zone and Shannon Airport. When operational, the plant is expected to create 50 full-time jobs and 150 to 200 during construction.