Posted on Wednesday 15 April 2015 by Ulster Business
Almac Group is investing £3.5m in its Scottish peptide business in a move which will create 15 new jobs over the next three years.
The Craigavon company, which develops and manufactures pharmaceutical products on a contract basis, is creating a 7,000 square foot laboratory and new office space at Edingburgh Technopole, the University of Edingburgh’s science park.
Investment body Scottish Enterprise is backing the move from the current base at Elvingston with £450,000 of assistance.
The peptide division provides services for biotech and pharmaceutical sectors globally and plans to bring new products to the market from the new facility.
It expects to specialise in pharmaceutical technology which can target drugs to specific disease areas in patients and therefore lower the dosage of toxic drugs.
"Almac is dedicated to constantly improving the range of innovative offerings to ensure the highest level of customer service in response to growing demand,” Dr Stephen Barr, President and Managing Director of Almac's Sciences Business Unit, said. “This move to Technopole allows us to expand our capability enabling us to secure and build upon our position as a leading provider of cutting edge peptide synthesis and protein engineering services."
Edinburgh Technopole is located 20 minutes from Edinburgh airport and has a thriving on-site scientific community. Neighbouring science campuses mean Almac will be at the centre of an established life sciences hub providing access to a wealth of expertise and knowledge.
Chris Mitchell, Associate Director of LaSalle Investment Management, Asset Manager for Business Environments for Science and Technology (BEST) Network, and its member locations which include Edinburgh Technopole, welcomed the move.
“The ecosystems of the sectors to which Almac provides services are major growth areas and as a result, are of huge importance to the Scottish economy. The decision by Almac to take space at Edinburgh Technopole is a further example of the park’s excellent reputation for nurturing specialist industries.