Galway’s medical device cluster is to be given a boost with the news that US medical devices company Surmodics is to create 100 new jobs in the region as part of a €10m investment in R&D.
The investment follows Minnesota-based Surmodics’ acquisition of Ballinasloe-based Creagh Medical in November 2015.
Surmodics already employs 32 people in the old Creagh Medical facility in Galway.
The expansion is part of an ongoing €7m investment in Surmodics’ Irish facility, with a further €10m to go into two R&D projects.
The investment is due to be announced by the Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor TD later this morning.
Surmodics has developed a broad array of advanced technologies in the area of medical devices and in-vitro diagnostics.
The company was formed as Bio-Metric Systems in 1979 and in 1987 it shifted its focus from contract research to commercialising its own medical device technologies. It went public on the NASDAQ stock exchange in 1998.
Life science image via Shutterstock
