26/07/2012

Sangart Announces Plans For New Manufacturing Facility In Ireland

Sangart, Inc., a global biopharmaceutical company dedicated to developing life-saving medicines specifically designed to enhance the perfusion and oxygenation of ischemic (oxygen deprived) tissues through targeted oxygen and other gas delivery, today announced plans to build a new manufacturing facility in Ireland.

The facility will serve as Sangart's European headquarters and sales and manufacturing base in Europe for its investigational therapies, MP4OX and MP4CO.

"The need for oxygen therapeutic agents such as MP4OX and MP4CO is a global one, and our manufacturing investment in Ireland is an important element of preparing for the potential future marketing of our therapies," said Brian O'Callaghan, President and Chief Executive Officer of Sangart. "Expanding our global presence is a critical part of our commitment to getting Sangart’s therapies in the hands of physicians to benefit patients as quickly as possible."

MP4OX, the company’s lead product, is a novel oxygen therapeutic agent designed to provide rapid oxygen delivery to ischemic tissues. MP4CO is designed to deliver therapeutic levels of carbon monoxide to patients suffering from a sickle cell crisis.

Welcoming the announcement, Richard Bruton TD, Minister for Jobs, Enterprise and Innovation, said: "Government doesn’t create jobs, businesses do, but the role of government is to create the conditions where businesses can thrive and grow. My plan to create that environment is focused around reducing business costs, improving access to finance and encouraging R&D and innovation in every way possible."

The project is expected to create up to 125 jobs during construction of the facility, and the facility will staff up to 120 personnel once commercial activities are underway. The investment in the Irish facility is supported by the Irish Government with the aid of IDA Ireland.

Barry O’Leary, CEO of IDA Ireland said:"We are delighted that Sangart has decided to locate its European headquarters and commercial manufacturing facility in Ireland. This will be a landmark manufacturing facility. The biopharmaceutical sector is one of great growth opportunities, and this announcement will lead to significant job creation and add to Ireland’s reputation as a leading location for biopharmaceutical investment. Ireland is now the second largest development and manufacturing location for biopharmaceuticals globally. I look forward to working closely with Sangart as it develops its Irish operations."

The manufacturing facility will be located in the Carrigtwohill area, just outside of Cork, and is expected to be completed in 2014. The Sangart corporate headquarters will remain in San Diego, California.

(CD)

Related Northern Ireland Recruitment News Stories
Click here for the latest headlines.

25 July 2011
Sangart Plans Irish Manufacturing Facility
A global biopharmaceutical company is to build a new facility at Carrigtwohill, Cork. The move will involve significant job creation including 125 during construction, and up to 120 manufacturing jobs after completion. The company, Sangart Inc.
09 June 2015
RLC Announce 80 New Jobs For Newtownabbey
RLC, a global aerospace component firm, is investing almost £35m to expand its Northern Ireland operations. The investment will create 80 jobs and establish an advanced manufacturing capability for the company at a new 10,000 sq m factory at the Global Point site in Newtownabbey.
17 June 2016
60 New Jobs Announced For Galway
Medical technology company ZELTIQ Aesthetics has announced that it is to establish its new European manufacturing facility in Galway. Up to 60 new jobs are expected to be created over the next 18 months. The US-based company, headquartered in Pleasanton, California, employs over 600 people on a worldwide basis.
13 February 2012
Abbott To Invest €85m In Pharmaceutical Expansion
Abbott plans to invest €85 million at its pharmaceutical manufacturing operation in Sligo. The investment will result in the creation of up to approximately 175 highly skilled jobs. The expansion of the facility will be completed in 2014. The investment is supported by the Irish Government through IDA Ireland.
04 September 2014
Magellan Aerospace To Create 47 New Jobs
Enterprise, Trade and Investment Minister Arlene Foster has announced that Magellan Aerospace is investing almost £6million in its Greyabbey operation and creating 47 advanced manufacturing jobs. The Canadian-owned Magellan Aerospace established its presence in Northern Ireland in 2012 when it acquired local company John Huddleston Engineering Ltd.