A Perspective on the Future of thePharmaceutical sector

in the North East

Padraic White

Chairman

Louth Economic Forum

26th January 2011

LOUTH ECONOMIC FORUM

Louth Economic Forum (LEF) - launched 21st April 2009

Louth County Economic Development Strategy (2009-2015)

Membership combines private sector, State agencies , DkIT &local authority management + independent Chairperson

Padraic White, (Chairman) Conn Murray, County Manager

Graham Hughes, Drogheda Chamber Graham O’Rourke, Drogheda Chamber

Patricia Rooney, Drogheda Chamber Ray Carroll, Tourism & Heritage Forum

Paddy Malone, Dundalk Chamber Bill Tosh, Dundalk Chamber

Kevin Kidney, Fáilte Ireland Niall O’Lamhna, Teagasc

Ronan Dennedy, Enterprise Board Malachy McCloskey, Age Friendly Business Forum

Denis Cummins, DkIT Michael Curran, Louth County Council

Michael McCabe, Louth County Council Edel O’Mahony, Louth County Council

Conor Fahy, Enterprise Ireland Pat Doherty, IDA Ireland

Ray Kelly, FÁS Declan Meally, SEAI

John Kieran, Ardee Business Community

LEF Action Plan

ESTABLISHED TASK GROUPS

1.1. Foreign Direct InvestmentForeign Direct Investment -- Published 19Published 19thth Feb 2010Feb 2010

2.2. Indigenous IndustryIndigenous Industry -- Published 26Published 26thth May 2010May 2010

3.3. Sustainable EnergySustainable Energy -- Published 7Published 7thth July 2010July 2010

4.4. Tourism and HeritageTourism and Heritage –– To be published 16To be published 16thth February 2011February 2011

5.5. Education and TrainingEducation and Training –– in operationin operation

6.6. Agriculture and FisheriesAgriculture and Fisheries –– in operationin operation

7.7. Age Friendly BusinessAge Friendly Business –– in operationin operation

8.8. BroadbandBroadband –– in operationin operation

9.9. Making Louth the Best County to do BusinessMaking Louth the Best County to do Business –– in operationin operation

10.10. Drogheda Dundalk Newry Economic CorridorDrogheda Dundalk Newry Economic Corridor

LOUTH’S VALUE PROPOSITION

• Unrivalled location between Dublin & Belfast at thecentre of Ireland’s Eastern Economic Corridor

• 2 of top 3 largest population catchments in Ireland

• First rate Infrastructure

• Fast developing as a Green City Region

• Culture of Entrepreneurship – ‘CAN DO’ attitude

• Highly Educated & Productive labour force

• Responsiveness of DkIT to Pharma Industrial needs

• Excellent Quality of Life

• Population set to grow to almost 190,000 by 2015

Population within 60 km Catchment

N

CAVANLOUTH

MONAGHAN

Drogheda

Dublin

Belfast

Dundalk

Galway

Athlone

Letterkenny Derry

Cavan

MonaghanSligo

Regional Network of International Pharma &Life Science Companies

Opportunities for both IndigenousIndustry & Foreign Direct Industry

Indigenous Industry

Examples in region

• Ovelle Pharmaceuticals (Dlk)

Life Science related

• Bellurgan Precision (Nth Dlk)

• G Pace (Ardee)

Opportunity areas

• Spin off companies from 3rd levelresearch E.g. Smooth MuscleResearch Centre – DkIT

• Many funding sources forPharma/Life Sciences e.g.Enterprise Ireland; SerobaKernel VC

Foreign Industry

Examples in region

• Warner Chillcott (Dlk)

• Probiotec (Dlk)

Opportunity areas

• Louth has a prime national site forlarge Biopharma investment

SUCCESS STORY FOR LOUTH

• Warner Chilcott locate headquarters in Dundalk – Feb2010

“GLOBAL PHARMACEUTICAL company Warner Chilcott will create upto 200 jobs in Dundalk, Co Louth”

“The level of education in Ireland was a major factor in making thedecision on where to locate, according to Roger Boissonneault,Warner Chilcott’s president and chief executive”

The Irish Times - Thursday, February 25, 2010

PHARMACEUTICALSDundalk Science & Technology Park – National asset

• €15m investment by IDA located along M1

• Planning Permission obtained for 2 BioPharmaceutical Facilities

• Potential Employment estimated at between 300and 1,000 if investment secured

• LCC committed 1m gallons of water daily

• 20Mw of Electricity

• Access to Natural Gas

• DkIT responding to specially tailored Bio PharmaModules

Site Master Plan

Small Bio

Large Bio

Office Campus

Campus Entrance