Business

Pharmaceutical manufacturer creates 14 jobs in Draperstown expansion

Grainne McVeigh, director of life sciences and scaling, Invest NI and Laurence O’Kane, co-owner, iMed NI Ltd
Gareth McKeown

A CO Derry pharmaceutical manufacturing firm is creating 14 jobs as part of a major expansion into international markets.

Draperstown-based iMed NI is recruiting for a range of managerial, specialist and manufacturing positions, with almost half of the roles already in place. Once filled the jobs will contribute £350,000 annually in additional salaries to the local economy.

The recruitment comes on the back of the company building a new state of the art manufacturing facility to help drive further growth in the British and European markets.

Co-owners Laurence O'Kane and Paul Murphy believe the major investment will give iMed the resources needed to scale the business quickly and increase its market share.

"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," they said.

Invest NI has supported the expansion and director of life sciences and scaling, Grainne McVeigh, described the investment as "positive news" for the wider manufacturing industry.

“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. Invest NI's support with its recruitment efforts is enabling the business to quickly fill critical roles that will boost the business' performance."

iMed is one of Ireland's leading pharmaceutical wholesale importers, with regulatory approved in-house manufacturing for repackaging and relabelling of prescription and over the counter pharmaceutical products.

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