THERE was a further jobs boost for the region this week following confirmation the medical devices company Technopath is to create 40 new jobs in Ballina.
Enterprise Minister Richard Bruton made the announcement following a €3m investment to scale its manufacturing capability and drive export activity.
The jobs are being supported by Enterprise Ireland, with the investment made in the firm’s Quality Control Division.
This manufactures products for a number of multinational companies providing a diagnosis.
The company’s products monitor the quality of hospital laboratory blood tests, for example cholesterol, cancer markers, cardiac markers) and prevent the reporting of incorrect results thus ensuring optimal patient care.
Mr Bruton said: “This is great news for Tipperary and the indigenous life sciences sector in Ireland.
“Through continued implementation of the Action Plan for Jobs, I am determined to ensure that we can see more announcements like this around the country over the coming years.”
Co-founder of Technopath Malcolm Bell said the creation of 40 new jobs comes at the end of a research and development programme, for which the firm has invested €6m.
He said: “We have developed a number of proprietary technologies, launching our first product in this division less than four years ago. Our long-term growth strategy is to develop niche, innovative, breakthrough technologies and to deploy these technologies globally. With our current partners and channels we expect to bring the benefit of enhanced quality and significant cost savings to 20% of patients around the world in the next 24 months.”
Based in Fort Henry Business Park, the firm currently employs 50 people.