Aerogen to create 725 jobs in Galway and Shannon

Announcement made at Enterprise Ireland annual report launch

Trade

Michael Carey, Enterprise Ireland; John Power, Aerogen; and Jennifer Melia, Enterprise Ireland

Enterprise Ireland client company Aerogen has announced details of a €300 million transformational scaling and investment plan, which will result in the creation of 725 new jobs in Ireland over the next 10 years.

Aerogen is Ireland’s largest indigenous medtech company and Enterprise Ireland’s largest client company in the sector having firmly established itself as the world leader in acute care aerosol drug delivery.

With more than 25 years of experience, 300 international patents and over 200 clinical papers, Aerogen technology has been used to treat over 25 million patients in emergency departments, adult and paediatric ICUs, general wards and ambulance services in 75 countries worldwide. Aerogen offers a safe and powerful drug delivery device for the treatment of critical respiratory illness and other non-respiratory illnesses and is the leading manufacturer of high performance, single-use, respiratory nebulisers in the world.

The Aerogen Group is headquartered in Dangan, Galway, and the new Irish jobs will be across research & development, manufacturing, science and engineering there and at its two sites in Parkmore, Galway and in Shannon. The implementation of the transformational scaling plan will increase the company’s global workforce to more than with some 1,100 based in Ireland. 

As part of the 10-year scaling and investment plan, Aerogen aims to accelerate its existing device technology through new product innovation and leveraging of global opportunities. Simultaneously it will build its emerging biopharmaceutics business with a major breakthrough in treating premature newborns with Infant Respiratory Stress Syndrome. High quality R&D is crucial to its goal to become a global leader in pulmonary medicine and biopharmaceutics delivery, combined with a true commitment to improving patient care through cutting-edge technologies.

John Power, CEO and founder of Aerogen, said: “Enterprise Ireland have been a superb partner in supporting this journey on which we just reached the pivotal milestone of having treated our 25 millionth patient, and we will continue to innovate across the respiratory journey for patients from our HQ here in Galway.”

The expansion is supported by Enterprise Ireland, who welcome the creation of high value jobs and the strengthening of Ireland’s position in the global value chain of medical technology and manufacturing.

The announcement was made at the launc of Enterprise Ireland’s end of year results for 2024, which confirmed that total employment at companies supported by the agency increased to a record 234,454 last year, with 15,741 new jobs created. Almost two thirds (64%) of the new jobs created in these client companies were located outside the Dublin region with all nine regions recording jobs growth.  

Companies supported by Enterprise Ireland companies now employ 234,454 people, an increase of 3% on the 2023 outturn with two-thirds of the total jobs located outside Dublin. The jobs growth translates into a net increase of 6,212 jobs created last year.  

Employment increased across Enterprise Ireland’s three core economic sectors – Technology & Services (+2%), Industrial and Life Sciences (+3%) and Food and Sustainability (+3%). 

Enterprise Ireland CEO Leo Clancy said: “2024 marks the final year of Enterprise Ireland’s three-year strategy ‘Leading in a Changing World’ and we can confirm that our client companies have overachieved on our key targets to create 45,000 new jobs by 2024 and increase exports to €30 billion. Over the three-year period Enterprise Ireland client companies created 50,931 new jobs and at the end of 2023 over €34 billion in exports was recorded. Two thirds of the jobs created in the three-year period were outside Dublin and we supported 479 start-up businesses, up over 20% on the prior three years. The results announced today give us a really strong platform on which to further grow and expand our enterprise base in a sustainable way over the next five years.”

TechCentral Reporters

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