Politics Analysis: Leo Varadkar won the hearts of big business but forgot Irish SMEs in the endThe departing Taoiseach took a hands-on approach to win investment from huge multinationals but his recent policies are damaging Irish SMEs
Pharma Expiring Pfizer Covid drug doses set to cost Europe $2.2bnSoaring death counts spurred governments to invest heavily in Covid drug Paxlovid - but high vaccine uptake has curtailed the use of the drug
Tech Engage XR forecasts sales of almost €4m for 2023 as it aims to be cashflow positive next yearThe Waterford-based tech company develops metaverse technology for clients including HSBC, Kia and Pfizer
Companies Fall in Irish exports reflective of global market trends, says IDA chiefMichael Lohan said innovation would be important for growth among life science and pharma firms, which have seen a drop in exports
Companies Pfizer questioned government over release of records to Business Post under FOI Pharma giant asked the government for meeting to discussion Freedom of Information ahead of meeting last June
business Pfizer to cut 100 jobs at Irish plant – but signals 230 new jobs in other locationsPharma giant is laying off staff who work on manufacturing Covid drug, with impacted staff told they may be redeployed to other locations
business Pfizer staff expect word on Irish layoffs by end of monthPharma firm intends cuts of $3.5 billion by the end of 2024 after $12 billion drop in revenue due to Covid ‘fatigue’
Companies Dairy farmers urge State to do ‘everything in its power’ to keep Askeaton plant openIrish Creamery Milk Suppliers Association described Nestlé’s infant formula plant in Limerick as ‘huge economic asset’ that must be protected
Pharma Pfizer weighs up Irish job cuts as part of a planned $3.5bn cost-cutting programmeThe US pharma giant said demand for Covid-19 vaccines and other key drugs made in Ireland had fallen sharply this year
BP Exclusive Pfizer warns state new EU pharma plans will damage Ireland’s competitiveness Pharma giant wants Irish government to oppose new plans that aim to make access to medicines more secure and affordable
investment FDI up 15 per cent last year, led by pharma and IT sectorsPfizer facility in Dublin and Eli Lilly factory in Limerick account for €2.4 billion, while Intel plans to invest €12 billion to expand operations here
Corporate Tax Three multinationals accounted for one third of all corporate tax receipts from 2017-2021Research paper from the Irish Fiscal Advisory council estimates that just three large companies paid over €5.2bn in corporate tax to the state in 2021
Work Hundreds of plumbers to strike at Intel and Pfizer sites despite employer’s bid for injunctionJones Engineering had tried to get High Court action to stop industrial action, but strikes are to proceed in a dispute over travel allowance for plumbers
Pharma World’s biggest pet health firm Zoetis to invest €150m in Offaly plant expansionAnimal health spinout from Pfizer to spend €300m on pet vaccine factory, which will provide 100 jobs
Companies Pfizer warned government that low drug budget will delay access to new medicines The pharma giant, which employs around 4,000 people here, said Ireland was 24th out of 35 countries for the availability of new medicines
Pharma Cost of AstraZeneca’s next-gen Dublin project may top €600mManufacturing facility likely to be much larger than initially planned
Pharma Pfizer chief: €1.2 billion Irish investment is just the startMike McDermott, chief global supply officer and executive vice-president, says Pfizer will continue to invest in its Irish operations beyond the major Grange Castle investment announced last week
Companies Carrick Therapeutics lands $35m investment from PfizerDublin-based biopharma firm has received investment to support the rapid development of its flagship drug samuraciclib which is used in the treatment of HR+, HER2- breast cancer
Pharma Up to 500 jobs to be created at Pfizer’s new ‘state of the art’ Dublin plantThe company will invest €1.2 billion in the facility, which is expected to be completed by 2027
Pharma Eli Lilly’s investment in new biopharma plant will be at least €1.2 billionAmount that US pharma giant is investing in Limerick facility is much more than originally thought, as scale and fit-out of campus emerges