Abbott completes separation, newly established AbbVie to oversee Sligo expansion
Ryan Quigley, general manager, AbbVie Ireland. Image courtesy of Jason Clarke Photography

Abbott completes separation, newly established AbbVie to oversee Sligo expansion

2 Jan 20131 Share

From today, Abbott has separated into two listed public companies and nearly 400 Irish staff in Sligo, Cork and Dublin began working for AbbVie, the newly established global research-based pharmaceutical company.

Building on Abbott’s 125-year heritage, AbbVie launches with an estimated US$18bn in annual revenues and more than 20 mid- to late-stage clinical programmes in the pipeline. In 2013, the company will employ about 21,000 people worldwide, marketing medicines to more than 170 countries.

“This is an exciting day for AbbVie and our 400 colleagues in Ireland,” said Ryan Quigley, general manager of AbbVie Ireland. “We look forward to working together with patients and healthcare partners to meet the healthcare needs in Ireland.”

Abbott has had a presence in Ireland since 1946 and its first Irish manufacturing operation was established in Sligo in 1974. Early in 2012, Abbott invested €85m in this facility and this expansion plan will continue under the auspices of AbbVie, scheduled for completion in 2014 with 175 highly skilled jobs coming online by 2015.

AbbVie now employs more than 175 people in Sligo, as well as 130 in an additional manufacturing facility in Cork, with the remaining staff based in its commercial offices in Dublin.

Representatives from AbbVie today rang the first opening bell on the New York Stock Exchange, where the company is listed as ABBV.

Elaine Burke
By Elaine Burke

Elaine Burke is managing editor of Siliconrepublic.com. She joined in 2011 as a journalist covering gadgets, new media and tech jobs news. She comes from a background in publishing and is known for being particularly persnickety when it comes to spelling and grammar – earning her the nickname, Critical Red Pen. When she hasn’t got her nose stuck in her laptop, you’ll find her in the kitchen, at the cinema, or on the dancefloor.

Loading now, one moment please! Loading