Ireland’s largest homegrown pharmaceutical company is to create 175 jobs, it has announced.
Chanelle Pharmaceuticals said the roles will be created in Loughrea, Co Galway over the next five years.
The firm is doubling its production, with the launch of dozens of new products, as part of a 70 million euro (£55 million) investment.
Michael Burke, founder and managing director, said Chanelle has already increased its workforce by 200 people over the last five years.
“This growth has been driven by research and development of new products and the expansion into new markets,” he said.
“We invest over 8 million euro (£6.3 million) annually in research and development and this investment will continue as we launch 75 new products over the next five years in both human and veterinary products.”
Set up in 1985, Chanelle Group currently employs 375 people in Ireland, the UK, Jordan and India.
Mr Burke said he plans to expand the company further in the United States as well as Central and South America.
Construction to expand the Loughrea manufacturing plant will start in March, and is expected to support another 45 jobs during the build.
