Economic Recovery: 200 new jobs ‘another milestone’ for pharma industry

The announcement yesterday of 200 new jobs in Limerick is being hailed as another milestone in the progress of the pharmaceutical industry in the Mid-West.

The jobs at Regeneron Pharmaceuticals, a US company headquartered in Tarrytown, New York, will bring to 500 the workforce at its Raheen Industrial Park plant and represents an investment totalling €650m.

When Regeneron, which makes bio-processed drugs, announced its decision to set up in Limerick in December 2013, it projected the creation of 300 jobs, with an investment of €300m.