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Taoiseach Enda Kenny, Mylan Inc. and the IDA today announced an important investment initiative to expand Mylan’s operations in Dublin and Galway. Mylan’s annual investment of up to €76 million will add more than 500 new positions to its Ireland-based workforce by 2016. Mylan currently is the largest generics pharmaceutical manufacturer in Ireland and one of the world’s leading pharmaceutical companies.

Taoiseach Kenny said:

Mylan’s decision to expand in both Dublin and Galway is most welcome news. Mylan is a key member of the Irish pharmaceutical sector and one of the top suppliers in the country, providing the market with high quality generic pharmaceuticals and over-the-counter medicines. Today’s 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. I would like to offer continued support of the Irish government, and IDA Ireland, to Mylan as it continues to grow in our country and as it further serves as an innovative contributor to the Irish economy.’

Jobs Minister Richard Bruton said:

The life sciences industry is a key part of this government’s strategy for jobs and growth. Employing approximately 50,000 people here directly, the sector is a major strength in Ireland, but we must build on this... Through continued implementation of the Action Plan for Jobs, I am determined to ensure that we can see more announcements like this around the country over the coming years.

Mylan currently employs about 700 people at its facilities in Ireland. The planned expansion of Mylan’s operations in Ireland involves R&D and manufacturing capabilities within the company’s respiratory, injectables and oral solids franchises.

Listen to Taoiseach Enda Kenny's doorstep from the announcement below:

MerrionStreet.ie spoke to representatives from the Government and Mylan at the announcement earlier today: