EU grant for Irish biopharma production plant

Published: 6-Feb-2006

The European Commission has authorised the Irish Industrial Development Agency (IDA) to grant €48.25m to help Centocor Inc., of the US, build a biopharmaceutical production plant on a greenfield site at Ringaskiddy, County Cork, Ireland.


The European Commission has authorised the Irish Industrial Development Agency (IDA) to grant €48.25m to help Centocor Inc., of the US, build a biopharmaceutical production plant on a greenfield site at Ringaskiddy, County Cork, Ireland.

Brussels approved this state aid saying it would not distort competition within the European Union.

Johnson & Johnson subsidiary Centocor wants to manufacture biopharmaceutical active ingredients for human medicines at the plant, using fermentation and purification processes. Also, a special technology transfer and development centre will be created.

EU competition Commissioner Neelie Kroes said the project was 'very important', benefiting not only Ireland by creating up to 750 jobs, 'but the EU as a whole'.

  

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