10/07/2015

Randox To Unveil New Specialist Division

Global biotechnology firm Randox is to unveil 'Randox Biosciences'.

The new specialist division within Randox, is dedicated to advancing scientific discovery, drug development and companion diagnostics.

Randox Biosciences is the result of the merger and expansion of four existing business units; Life Sciences, Pharma Sciences, Research and Molecular.

15 new jobs have already been created at the unit based in Crumlin, with that figure expected to double by the end of the year. A core team of over 300 R&D scientists and engineers are employed at the Randox Biosciences hub, specialising in supplying products and services to universities, genetics labs and the pharmaceutical industry across the globe.

Exports and international collaborations will be key drivers of growth for the new division, as Patrick Henry, Head of Randox Biosciences, said: "Our focus is on targeting the thriving personalised medicine market which at its heart relies on 'precision medicine' enabling technology and tests to tailor healthcare solutions to the right patients at the right time.

"Led by our dedicated research scientists, we offer advanced products, for use in academic research enabling new scientific discoveries and in pharma companies for their drug development and clinical trials.

"A particularly exciting area for Randox Biosciences is in Companion Diagnostic development. This is where new diagnostic tests are developed and approved alongside new drugs improving their efficacy and safety, whilst helping to reduce costs for healthcare networks by avoiding unnecessary or ineffective drug prescriptions.

"Precision medicine is next generation health care, with huge potential for Randox in terms of exports and collaborations. We are already creating traction in the US and Europe and have our sights set on Japan, in which we expect to have a solid presence by Autumn."

(CD/JP)

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

14 January 2015
Randox To Create 540 New Jobs
First Minister Peter Robinson and deputy First Minister Martin McGuinness have announced global diagnostics firm, Randox, is to create 540 quality jobs over four years resulting from a £29m capital investment. Randox, headquartered in Crumlin, Co.
07 May 2013
Randox Expansion Welcomed
Dungloe based MEP Pat the Cope Gallagher has welcomed the decision by Randox Teo to expand their Research and Development facility at Meenmore. Randox Teo will invest a further EUR 0.5 million into the Dungloe facility increasing the total employment from 42 people currently to 130 by the end of 2015.
10 February 2015
Purepipe To Invest £250,000 And Create Six New Jobs
Belfast-based Purepipe is investing £250,000 and creating six new jobs as part of plans to boost sales in Great Britain and the Republic of Ireland. Invest Northern Ireland has offered the company £45,000 towards its expansion which involves investing in new state-of-the-art specialised pipe manufacturing equipment needed to target new business.
26 June 2013
Kinahan Hails Randox Success In Saudi Deal
The Ulster Unionist Party's South Antrim MLA Danny Kinahan has hailed Crumlin based Randox Laboratories following the announcement of a £6m deal to supply laboratory equipment to the Saudi Arabian Health Ministry.
25 January 2017
Rooney Opticians Named Optometry Practice Of The Year
Rooney Opticians have been named Optometry Practice of the Year at the annual Randox Health Healthcare Awards in a ceremony at Stormont Hotel. Recognising the achievements of the Northern Ireland health sector, businesses and organisations came together earlier this month for the award ceremony hosted by BBC's Noel Thompson.