US-headquartered generic drug manufacturer Amneal Pharmaceuticals is to create up to 300 jobs in Tipperary following its acquisition of the former Johnson & Johnson plant in Cashel.

The 200,000 square foot facility was sold to Amneal by Singapore-based investment firm Solidus Private Equity. The former Johnson & Johnson plant had been vacant for four years before being acqured by Solidus earlier this year.

Amneal said the Cashel site will be dedicated to R&D and production of metered dose and dry powder inhalers as well as biosimilars .

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Source: BioSpace Featured News