Companies

Top talent, not low tax, driving Bristol Myers Squibb’s Irish investment, executive says

Pharmaceutical giant is hiring 350 new staff in Ireland as part of $400m injection which will make Dublin office more central to global operations

Padraig Keane, vice-president of Bristol Myers Squibb’s biologics facility in north Dublin. Picture: Bryan Meade

An senior Irish executive at Bristol Myers Squibb has insisted that access to talented workers, and not Ireland’s low-tax regime, is the reason the US pharma giant has invested so heavily in the country.

Pádraig Keane, vice-president of Bristol Myers Squibb’s biologics facility in north Dublin, said the drugmaker’s investment “goes beyond tax efficiency” after it announced a $400 million expansion of its Cruiserath campus.

Bristol Myers plans to create 350 jobs and build a ...