Irish Pharma Industry at a glance 8 of the top 10 Pharmaceutical companies are located in Ireland 12 of the top 25 selling drugs are produced in Ireland Exported €56.1 billion in 2011, accounting for over 50% of the total Irish exports Contributing over €1 billion in corporation tax annually Over 55,000 in employment in the sector Over half of the employees are third level graduates Employs 25% of all PhD researchers currently employed in Ireland Replacement value of sector ~ €40 billion
A journey of success Industry established back in late 1950s-Leo Pharma Real wave of investment started in late 1960s – Pfizer Tribute to IDA and Government of the time Ireland one of the most important locations for biopharmaceutical manufacture in the world Largest net exporter Exemplary quality record Growing research cluster High skills set Future – expanding the footprint through development & manufacturing
Performance & Sustainability The sector in Ireland faces particular challenges & opportunities: Performance & Sustainability Costs need to continue to reduce, in particular labour, waste and energy charges ! Development of healthcare globally? Clinical trials ? Collaboration with other sectors such as Medtech, ICT and Food ?