{"id":11515,"date":"2024-06-20T16:58:55","date_gmt":"2024-06-20T16:58:55","guid":{"rendered":"https:\/\/www.healthnews.ie\/?p=11515"},"modified":"2024-06-24T08:03:04","modified_gmt":"2024-06-24T08:03:04","slug":"why-life-sciences-remains-a-key-pillar-in-irelands-economic-stability-and-growth","status":"publish","type":"post","link":"https:\/\/www.healthnews.ie\/life-sciences\/why-life-sciences-remains-a-key-pillar-in-irelands-economic-stability-and-growth\/","title":{"rendered":"Why life sciences remains a key pillar in Ireland\u2019s economic stability and growth"},"content":{"rendered":"\n<div style=\"background-color:#f2f2f2;color:#32373c\" class=\"wp-block-atomic-blocks-ab-profile-box round ab-has-avatar ab-font-size-14 ab-block-profile ab-profile-columns\"><div class=\"ab-profile-column ab-profile-avatar-wrap\"><div class=\"ab-profile-image-wrap\"><figure class=\"ab-profile-image-square\"><img loading=\"lazy\" decoding=\"async\" width=\"250\" height=\"250\" class=\"ab-profile-avatar wp-image-11516\" src=\"https:\/\/s3.eu-north-1.amazonaws.com\/cdn-site.mediaplanet.com\/app\/uploads\/sites\/94\/2024\/06\/07205749\/Rachel-Shelly1.jpg\" alt=\"\" srcset=\"https:\/\/s3.eu-north-1.amazonaws.com\/cdn-site.mediaplanet.com\/app\/uploads\/sites\/94\/2024\/06\/07205749\/Rachel-Shelly1.jpg 250w, https:\/\/s3.eu-north-1.amazonaws.com\/cdn-site.mediaplanet.com\/app\/uploads\/sites\/94\/2024\/06\/07205749\/Rachel-Shelly1-125x125.jpg 125w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><\/figure><\/div><\/div><div class=\"ab-profile-column ab-profile-content-wrap\"><h2 class=\"ab-profile-name\" style=\"color:#32373c\">Rachel Shelly<\/h2><p class=\"ab-profile-title\" style=\"color:#32373c\">Divisional Manager, Life Sciences &amp; Food and Talent, Transformation and Innovation, IDA Ireland<\/p><div class=\"ab-profile-text\"><\/div><ul class=\"ab-social-links\"><\/ul><\/div><\/div>\n\n\n\n<p><em>Irish life sciences facilities nationwide create jobs, impact capital expenditure and are a source of materials and services. Irish-based companies supplying the industry amplify this impact.<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>Home to 13 of the world\u2019s top 15 pharma companies and 14 of the largest 15 medtech companies, Ireland is one of the world\u2019s leading locations for life sciences. Employing about 100,000 people, the sector exports over \u20ac100 billion annually.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-advancing-ireland-life-sciences\"><strong>Advancing Ireland life sciences<\/strong><\/h2>\n\n\n\n<p>From small molecule API to biologics and cell\/gene therapy, Ireland\u2019s biopharma industry is enabling more complex manufacturing and advanced therapeutics.<\/p>\n\n\n\n<p>A \u20ac12 billion biologics investment has been secured over the past decade from leading companies. The National Institute for Bioprocessing Research and Training (NIBRT) is driving talent development, recently opening a new CONCEPT lab, providing state-of-the-art solutions for next-generation therapeutic research, including biologics, cell, gene and RNA therapies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-technology-driving-competitiveness\"><strong>Technology driving competitiveness<\/strong><strong><\/strong><\/h2>\n\n\n\n<p>Ireland boasts Europe\u2019s highest number of medtech jobs per capita and a broad talent pool. This is borne out by continuous glucose monitoring manufacturers building new facilities in Galway and Kilkenny, highlighting Ireland\u2019s technical capability enabling the transition towards connected, \u2018smarter\u2019 devices.<\/p>\n\n\n\n<p>Launched in 2023, Digital Manufacturing Ireland (DMI) is helping manufacturers to adopt new technologies like AI, automation and digitalisation to optimise operations, transform value chains and drive competitiveness. DMI is also leading on the skills and training needs associated with the adoption of these advanced manufacturing technologies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-ireland-s-strategic-investments\"><strong>Ireland\u2019s strategic investments<\/strong><\/h2>\n\n\n\n<p>Foundations are strong, but the sector faces ongoing disruption. Accelerated by technology and geopolitical uncertainty, agility and resilience across manufacturing supply chains remain critical. AI and Industry 5.0 are potential game-changers for productivity, sustainable work practices and faster collaboration across the entire value chain, for both drug development and device innovation. Ireland is responding through investment in NIBRT and DMI.<\/p>\n\n\n\n<p>IDA Ireland is supporting industry transformation through upskilling and talent development, R&amp;D and sustainability incentives. Ireland\u2019s talent pool and industry\u2019s capacity to innovate, deliver and commercialise products in a dynamic global environment remain key success factors. Ireland offers a talented, innovative business environment focused on partnership for success. This, combined with Ireland\u2019s stability, is critical to securing next-generation life sciences investment.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Irish life sciences facilities nationwide create jobs, impact capital expenditure and are a source of materials and services. Irish-based companies supplying the industry amplify this impact. Home to 13 of the world\u2019s top 15 pharma companies and 14 of the largest 15 medtech companies, Ireland is one of the world\u2019s leading locations for life sciences. &hellip; <a href=\"https:\/\/www.healthnews.ie\/life-sciences\/why-life-sciences-remains-a-key-pillar-in-irelands-economic-stability-and-growth\/\">Continued<\/a><\/p>\n","protected":false},"author":23,"featured_media":11517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2216],"tags":[5918],"class_list":["post-11515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-life-sciences","tag-life-sciences-q2-2024"],"acf":[],"featured_image_src":"https:\/\/s3.eu-north-1.amazonaws.com\/cdn-site.mediaplanet.com\/app\/uploads\/sites\/94\/2024\/06\/07205748\/AdobeStock_729539461-600x400.jpg","featured_image_src_square":"https:\/\/s3.eu-north-1.amazonaws.com\/cdn-site.mediaplanet.com\/app\/uploads\/sites\/94\/2024\/06\/07205748\/AdobeStock_729539461-600x600.jpg","author_info":{"display_name":"Your Future Career","author_link":"https:\/\/www.healthnews.ie\/author\/harveyodonnell\/"},"vicky_index_order":"","_links":{"self":[{"href":"https:\/\/www.healthnews.ie\/wp-json\/wp\/v2\/posts\/11515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.healthnews.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.healthnews.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.healthnews.ie\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.healthnews.ie\/wp-json\/wp\/v2\/comments?post=11515"}],"version-history":[{"count":2,"href":"https:\/\/www.healthnews.ie\/wp-json\/wp\/v2\/posts\/11515\/revisions"}],"predecessor-version":[{"id":11600,"href":"https:\/\/www.healthnews.ie\/wp-json\/wp\/v2\/posts\/11515\/revisions\/11600"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.healthnews.ie\/wp-json\/wp\/v2\/media\/11517"}],"wp:attachment":[{"href":"https:\/\/www.healthnews.ie\/wp-json\/wp\/v2\/media?parent=11515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.healthnews.ie\/wp-json\/wp\/v2\/categories?post=11515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.healthnews.ie\/wp-json\/wp\/v2\/tags?post=11515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}