From left: Grainne McVeigh, director of life sciences and scaling, Invest NI; and Laurence O’Kane, co-owner, iMed. Image: Invest NI
From left: Grainne McVeigh, director of life sciences and scaling, Invest NI; and Laurence O’Kane, co-owner, iMed. Image: Invest NI

Derry-based pharmaceutical specialist iMed to hire 14

11 Jun 2018

Following the expansion of its state-of-the-art facility at Draperstown, pharmaceutical wholesale importer iMed will take on 14 new employees across a variety of roles.

Derry-based pharmaceutical manufacturing company iMed has announced today (11 June) the creation of 14 jobs at its site in Draperstown with the support of Invest NI.

The new roles will add a total of £350,000 worth of salaries to the Northern Irish economy.

The 14 positions will include a range of managerial, specialist and manufacturing roles, half of which are already in place.

iMed is a pharmaceutical wholesale importer with regulatory approved in-house manufacturing for repackaging and relabelling of prescription and over-the-counter pharmaceutical products. It has built a state-of-the-art manufacturing facility in Draperstown to help drive iMed Group International’s expansion in Great Britain and European markets.

Speaking about the investment, co-owners Laurence O’Kane and Paul Murphy said: “iMed operates in a highly regulated sector, requiring extensive batch traceability and label conformity. Invest NI support towards job creation and upskilling our workforce will give us the resources needed to scale the business quickly and increase our market share.

“These measures enabled us to achieve a step change in capacity and output, safeguarding our competitiveness in a rapidly changing market.

“Our new facility consolidates our manufacturing activity across the group, creating cost efficiencies, and will enable us to respond promptly to forthcoming changes in legislation.”

Grainne McVeigh, Invest NI’s director of life sciences and scaling, welcomed iMed’s decision to expand and consolidate its manufacturing capabilities in the region, saying that it was positive news “both for [the mid-Ulster] life sciences sector and wider manufacturing industry”.

She added: “This is a strategic investment designed to build on the momentum iMed has built to date and position the company to capitalise on future growth opportunities.”

This announcement is one of many exciting jobs developments that have been revealed since the start of June. We also reported this morning on the 187 jobs created in Wicklow and Kilkenny due to the expansion of energy services provider Crowley Carbon. Last week, we reported on more than 500 roles that were announced across the island of Ireland in the space of a few days.

Eva Short
By Eva Short

Eva Short was a journalist at Silicon Republic, specialising in the areas of tech, data privacy, business, cybersecurity, AI, automation and future of work, among others.

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