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Icon employs more than 1,000 people in Ireland - with a new innovation hub set to add 200 positions

Icon records 54.7% rise in pre-tax profit for Q1

Dublin-based firm Icon has reported a 54.7% rise in pre-tax profit in the first quarter of 2015 after a sharp rise in company revenue.

Business • 28 Apr 15

Hyperion has two drugs on the market that treat rare urea cycle disorders

Horizon Pharma set to buy Hyperion for $1.1bn

Irish-based Horizon Pharma said it would buy US drugmaker Hyperion Therapeutics for about $1.1bn to add to its line-up of drugs that treat rare diseases.

Business • 30 Mar 15

Ireland pays more for its medicines that other European countries

Pharma firms may be forced to cut drug costs

The Minister for Health is considering using existing legislation to achieve savings in the cost of medicines, according to his spokesperson.

News • 01 Feb 15

Roche's CEO said the acquisition would allow it to broaden its portfolio, particularly in the area of respiratory drugs

Roche to acquire InterMune in $8.3bn deal

Roche Holding has agreed to buy US biotech company InterMune for $8.3bn in cash, marking the latest multibillion-dollar deal in a consolidating pharmaceutical sector.

Business • 25 Aug 14

Pharmaceutical production was down sharply when compared to the previous month

Sharp fall in industrial production during June

Industrial production rose in June when compared with the same month of 2013, according to data from the Central Statistics Office, but was down sharply on May’s figures.

Business • 07 Aug 14

AbbVie could save $1.3bn by 2020 if it moves its tax base as part of the deal

Shire formally accepts AbbVie takeover offer

Dublin-based Shire Pharmaceuticals has accepted a €40bn takeover bid from US giant AbbVie, the two companies have said.

Business • 18 Jul 14

Teva produces a range of products, including cancer therapies, oral contraceptives and pain medicines

Teva pharmaceutical sees revenue grow in Q1

Pharmaceutical group Teva has reported revenues of $5bn for the first three months of 2014; up 2% on the same period of last year.

Business • 01 May 14

US drugmaker Pfizer employs over 3,000 people in Ireland

Pfizer confirms takeover bid for AstraZeneca

Pfizer is working on its next move in a potential $100 billion battle for Britain's AstraZeneca after having two bids rejected, as deal-making grips the healthcare industry.

Business • 28 Apr 14

Pfizer has been hit by a number of patent expirations on valuable drugs

Pfizer reports sharp drop in quarterly profit

US pharmaceutical giant Pfizer has reported a big drop in quarterly profits, but bested analyst expectations and pointed to several new drugs in development.

Business • 28 Jan 14

Perrigo’s CEO said they were working to complete the “important Elan transaction milestones”

Perrigo keen to complete Elan deal by year end

US pharmaceutical company Perrigo has said it is working hard to close its acquisition of Elan by the end of the year.

Business • 01 Nov 13

Shareholders will next month vote on Perrigo's proposed acquisition of Elan

Elan reports net loss of $13.8m for Q3

Irish pharmaceutical company Elan has reported a net loss of $13.8 million for the third quarter.

Business • 24 Oct 13

Merck's job cut plans will see its global workforce fall by 20% in the coming years

Drug maker Merck to cut a further 8,500 workers

Merck & Co, the second-biggest US drugmaker by sales, will is to let go of 8,500 workers and revamp its research and development after seeing new medicines delayed by US regulators.

Business • 01 Oct 13

Alexion is based on the east coast of the US

Alexion to create 50 pharmaceutical jobs in Dublin

US-based pharmaceutical company Alexion is to open offices and a laboratory facility in Dublin, which will lead to the creation of 50 jobs.

Business • 26 Jul 13

Elan's chief executive said they were "squarely focused" on exploring the company's sale

Elan sees net loss for continuing operations in Q2

Elan has said that its revenue from continuing operations for the second three months of its financial year was $56.3 million.

Business • 24 Jul 13

Microsoft Ireland's exports were 37% higher compared to last year

Foreign IT firms dominate Irish export list

Foreign technology and pharmaceutical firms dominate the list of Ireland's biggest exporters, according to figures from the Irish Exporters Association.

Business • 17 Jul 13

GSK's other operations in Ireland will not be affected

94 jobs to go at GSK facility near Cork airport

94 jobs are to go in Cork with the closure of GSK's financial services operation, which is located in the city.

Business • 18 Feb 13

€44m investment for Waterford pharmaceutical firm

French pharmaceutical company Sanofi is to invest €44 million in the Genzyme biotechnology campus in Co Waterford.

Business • 12 Feb 13

The report says the drug is currently too expensive to be cost-effective

Report suggests drug 'risk-sharing scheme'

A national assessment system for new drugs has recommended for the first time that a pharmaceutical company should only be reimbursed if the treatment works.

News • 21 Jan 13

Aspen to create 44 jobs in Dublin

Pharmaceutical firm Aspen is creating 44 jobs and setting up a new office in Dublin's Citywest.

Business • 03 Oct 12

Claims HSE is not funding cost-effective medicines

The organisation representing the pharmaceutical industry has claimed that patients are not getting access to new medicines.

News • 19 Jun 12

Fears for 180 jobs at Pfizer in Cork

There is concern for the future of up to 180 jobs at pharmaceutical company Pfizer in Co Cork.

News • 06 Jun 12

Pharmaceutical