Business
US Medical Giant ResMed Buys BiancaMed in All-Cash Deal
US medical giant ResMed buys UCD spin-out in all-cash deal San Diego-headquartered medical device manufacturer ResMed has acquired UCD spin-out BiancaMed in an all-cash deal. Original investors including DFJ ePlanet Capital and Enterprise Ireland are believed to receive a significant premium on their €11m investment in the company. BiancaMed is one of an emerging generation of young Irish medical device companies who are developing breakthrough technologies. It has developed a contactless, accurate device to measure sleep and breathing and combat deaths arising from the sleep disorder sleep apnea. Dr Philip de Chazal, Dr Conor Hanley and Prof Conor Heneghan founded the company in 2003 to commercialise research that emerged from the UCD…
Read MoreCancer researcher receives NovaUCD 2011 Innovation Award for commercialising intellectual property
Cancer researcher Prof William Gallagher has today been presented with the NovaUCD 2011 Innovation Award in recognition of his ongoing successes in the commercialisation of intellectual property coming out of UCD research programmes. Gallagher, who is a research in UCD’s School of Biomolecular and Biomedical Science, received the award today from UCD president Dr Hugh Brady. A major focus of his research at UCD has been on the identification and validation of candidate biomarkers – which indicate the therapeutic response of patients to treatments – of breast cancer and melanoma and the conversion of his research results into clinically relevant assays or tests which can help to improve the quality-of-life…
Read MoreAramark wins €1.6m facilities management contract with Enterprise Ireland
Aramark wins €400k facilities management contract with Enterprise IrelandAidan Bell, MD of Aramark Workplace Solutions Aramark Ireland has won a four-year contract worth over €400,000 a year to provide facilities management services to Enterprise Ireland. Its workplace solutions division will provide reception, security, cleaning and general maintenance services across the Enterprise Ireland site in East Point Business Park on Dublin’s northside. This is the first time that Enterprise Ireland has engaged with a facilities management provider to combine such outsourced services. The new deal will be in addition to Aramark’s existing contracts with other government agencies including Fáilte Ireland, An Bord Pleanála, Office of Public Works, European Commission and the Broadcasting Authority…
Read MoreAmgen to buy Pfizer plant – 280 jobs saved
In some very good news for the Irish jobs sector, pharma company Amgen has today announced it is to buy Pfizer’s manufacturing facility at Dun Laoghaire. The 37,000-sq-m Pfizer aseptic operations facility employs 280 people and the buyer intends to retain employees and expand the site’s capabilities over time. About 240 employees will transfer to Amgen while another 40 will remain employed by Pfizer as part of the deal. “As we expand internationally, the Dublin site will help us deliver a growing supply of Amgen medicines for patients worldwide,” said Madhu Balachandran, senior vice president, Amgen Manufacturing . “We are impressed with the technical expertise and commitment to excellence demonstrated by the…
Read MoreAramark Ireland creates 17 new jobs in the north west
Facilities management, food and property provider Aramark Ireland has created 17 new jobs following the integration of Sligo-based Lotus Facilities Management (FM), which was acquired by Aramark in 2013. Since the acquisition, Aramark has doubled the Lotus FM workforce to 34 people, most of whom are based in the north west.
Read MoreAmgen Opens US$300M Manufacturing Facility Dun Laoghaire
Biotech company Amgen’s US$300m state-of-art manufacturing facility in Dun Laoghaire was officially opened this morning. The development project included the construction of an 11,500 sqm production plant known as production module 3 (PM3).
Read MoreSeán Quinn’s son and nephew sentenced to three months in jail
Seán Quinn’s son and nephew sentence to three months in jail Pictured: Seán Quinn snr The son and nephew of businessman Seán Quinn have been sentenced to three months in prison for contempt of court. Justice Elizabeth Dunne made orders today to jail Seán Quinn jnr and Peter Darragh Quinn for trying to hide assets from the Irish Bank Resolution Corporation (IBRC), which was formerly Anglo Irish Bank. The judge said Sean Quinn snr was not being jailed so he would have time to comply with the court orders and to reverse asset stripping measures. Earlier today, a warrant was issued for Peter Darragh Quinn’s arrest when he failed to attend court this morning for sentencing. The judge…
Read MoreCork BPO company Southwestern bought by Capita for €35m
UK business services outsourcing group Capita plc has bought Cork-headquartered SouthWestern Business Process Services Ltd from private equity group Ion Equity for €35m. SouthWestern provides customer relationship management, financial shared services, data processing and inspectorate services to private and public sector organisations from offices in Ireland, the UK and Poland. Its clients include the Department of Agriculture Food and Marine, Bord Gáis, the UK’s Department for Environment, Food and Rural Affairs, Bord Bia , Eircom and Failte Ireland. It employs around 1,000 employees, primarily based across three sites in Co Cork, and one in Lodz, Poland, together with smaller operations in Dublin and Milton Keynes. The company is forecasting an operating profit…
Read MoreJacob Fruitfield Hires Ogilvy & Mather To Create Ad Campaigns
One of the most trusted leaders in advertising, Ogilvy & Mather , has been appointed as an agency partner to the Jacob Fruitfield Food Group since January 2010. The agency will create new advertising campaigns for brands such as Jacob’s Cream Crackers, Kimberly, Mikado, and Coconut Creams. It will also work on Jacob Fruitfield’s other brands, including Chef and Fruitfield. “We relish the exciting prospect of developing the truly iconic campaigns that these well-loved Irish brands deserve,” said Gervaise Slowey, managing director of Ogilvy & Mather. According to Jacob Fruitfield, the company plans to invest heavily in building its top brands in 2010, “Advertising has always played a key role in the success…
Read MoreShare receiver appointed over Quinn family shares
Share receiver appointed over Quinn family shares Anglo Irish Bank, which will remain a minority shareholder in Quinn Group, has appointed a share receiver over the Quinn family’s shares in the group. The share received has already appointed a number of non-executive directors to the board of directors of Quinn Group. As a result, Sean Quinn and the Quinn family will no longer have any role in the management, operations or ownership of the Quinn Group. A share receiver takes control of the shares only, and not the assets, businesses or employees of the Quinn Group. The share receiver has also been appointed to the Quinn family’s international property group. Minister for…
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