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Aerogen to expand facilities, R&D and staff.

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Mar 11, 2019

  • Industry Updates

Galway-based medtech and drug delivery company Aerogen has secured a €30 million loan from the European Investment Bank to expand its manufacturing facilities and increase research and development activities.

Aerogen, which currently employs about 150 people, said it also expects to create a further 50 jobs following approval for the loan.

Aerogen’s acute care aerosol drug delivery devices are used in 75 countries, with its customers including 80 per cent of hospitals in Ireland and 60 per cent of the top 100 hospitals in the United States. Overall, more than six million acute care patients globally have benefited from Aerogen’s various products.

The company, which started work on an expansion at its facility in Galway last October to support growth, has won a number of awards, including European Entrepreneur of the Year, medical technology company of the year and Irish exporter of the year. It has also been a finalist in both the Irish Times Innovation awards and the EY Entrepreneur of the Year awards.

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