It might surprise you to learn that nine out of ten of the world’s largest pharmaceutical companies are established in Ireland. Why is this? Well, pharma companies enjoy the benefits of an English speaking population, friendly business environment and a favourable tax environment and a well-educated workforce. For those planning on coming to Ireland, once you can put up with the rain, Ireland is a great place to live. Come to study in Ireland and you’ll enjoy a friendly, safe society with plenty of amenities and a great educational system. It also happens to be a location that has built up a thriving pharmaceutical and med-tech industry.
What’s attractive about Ireland?
Ireland boasts one of the world’s lowest corporate tax rates at just 12.5%, making it a desirable location for active businesses in Europe as well as the rest of the world. These tax incentives mean that Ireland has one of the lowest statutory corporate tax locations. This has encouraged over one thousand multinational companies to choose the Emerald Isle as their European base.
Pharmaceutical and MedTech focus
Interested in building a career in the life science sectors? By choosing to study in Ireland, you are putting yourself right in the centre of the industry. Ireland is the largest MedTech employer in Europe; this sector employs over 25,000 people directly, and a further 25,000 are employed providing services to the sector. Similar numbers are also employed in the pharma/biotech industry. As well as corporate tax relief, Ireland also offers a 25% tax credit on qualifying research and development making it a great incentive for pharmaceutical organisations.
19 of the top 20 global pharmaceutical and biopharmaceutical companies are based in Ireland for a good reason. By establishing their manufacturing here, this industry has great geographical proximity to the mainland European markets. Easy international shipping across the Atlantic is very beneficial for pharmaceutical exports to North America. Five of the world’s eight top-selling drugs are produced in Ireland, making it the world’s largest net exporter of pharmaceuticals and a globally recognised centre of excellence in pharma.
High employment rates
The pharmaceutical industry in Ireland benefits from high employment rates and well-educated experts from which to learn. Ireland, in general, boasts a well-skilled, educated English speaking population; being based in the EU gives people the ability to hire workers from other EU member states also. Over 65% of those employed within the pharma/med-tech sectors have a third-level qualification so it’s a great area for graduates to find employment. Pharma companies are establishing themselves not just in Dublin, but in Cork, Galway and across the country.
Ireland is a great place to gain a third level qualification while also enjoying a vibrant culture. It is one of the most globalised and open economies in the world with over 35,000 international students from over 160 countries choosing to study in Ireland. At Innopharma Education, we have a fantastic record for post-graduate employment with 70%+ of our graduates securing employment within six months of graduation. If you’re interested in benefitting from the expertise of a booming industry and opening the door to your international career, our international courses will give you the boost you need to move your career to the next level.
Strong US Connection
US companies play a huge role in the Irish Pharma industry. Many of the worlds largest US Pharma companies have multiple premises around our country. The US companies listed below employ a total of over 19,000 people within Ireland.
- Johnson & Johnson has been operating in Ireland for over 80 years. The company employs almost 3,000 people in Ireland with locations in Dublin, Limerick and Cork.
- Pfizer employs over 3,300 people in Ireland in 7 locations including Dublin and Cork. Pfizer joined Ireland in 1969. More than 7 billion dollars has been invested into Pfizer's Irish organisation in its 50 years here.
- MSD has locations in Dublin, Cork, Carlow and Tipperary. These locations account for almost 60% of the company’s global top 20 products.
- Amgen joined Ireland in the 1990s. In 2010 they purchased the Pfizer building in Dun Laoghaire where they now employ over 450 staff. There is an additional location in Santry (North Dublin).
- Abbvie is spread over five sites in Ireland including locations in Sligo, Cork and Dublin employing over 600 people.
- Lilly has had a presence in Ireland since the 1970s. The company currently employs over 800 Irish people in locations around Dublin and Cork.
- Gilead currently employs around 300 people in Dublin and Cork, these locations are responsible for distributing the company’s products to the European Union.
- Bristol-Myers Squibb have been operating in Ireland since the 1960s and currently employ around 600 staff in Ireland in locations in Dublin and Shannon.
- Abbott employs over 3,200 people across 11 sites in Ireland. Some of their locations include Clonmel, Cootehill, Donegal, Longford and Sligo.
- Biogen employs around 600 staff within their Dublin office in Ireland.
- Stryker employs over 2,000 employees across four locations in Ireland. The company joined Ireland in 1998 and have locations in Cork and Limerick.
- Regeneron opened in Dublin in 2013 with their very first facility outside of the US. The company currently employs over 800 Irish staff.
- Baxter employs over 1600 staff across five Irish sites in Dublin, Belfast and Mayo.
- Finally, Alexion opened their first Irish facility in 2013 and now employ over 300 people across Dublin and Athlone.