Cork offers competitive advantage to Life Sciences companies
The announcement this month from Janssen Sciences Ireland UC of the creation of 200 new jobs brings to over 600 the number of new jobs created in the life sciences sector in Cork in 2017. This is a hugely positive investment for the entire region, and a testament to Janssens’ commitment to Cork, the Janssen team in Cork, and to the economic future of Cork. We are fortunate to have a region with a thriving and skilled student population, third level educational institutions that are going from strength to strength, a culture of innovation, a collaborative business environment, and a proven and successful track record in the Life Sciences sector.
Ireland is the 7th largest exporter of medicinal products in the world and is a home for 24 of the world’s top 25 pharma and biotech companies (see more). According to IDA Ireland, Cork is home to the largest cluster of Pharmaceutical operations in Ireland with a growing Medical Technologies and more recently a significant Biopharmaceutical manufacturing presence. In total the Life Sciences Cluster includes 35 firms with a combined employments of over 13,000. The growth and increasing value added within the cluster has also led to the development of support services such as engineering consultants and project managers, facilities management, clean room providers, specialist recruitment agencies, tailored educational courses, etc. Such specialisation further increases the competitive advantage for companies in the sector from locating in Cork.