Irish drugs data insights company Diaceutics is to create 30 new jobs.
The Dundalk-based company has been involved in more than 200 drug launches with major pharmaceutical companies across the world and forecasts that the precision medicine market in which it operates will grow from €1.4bn today to €4bn by 2020.
The additional jobs are to be filled by the end of next year and will be based across its operations in Ireland, the United States, Asia and South America.
Details of current vacancies and career opportunities with the company are available here.
Peter Keeling, CEO, Diaceutics, said: “To put the importance of what we do into context, we have put structures in place that each year help 48,000 cancer patients in the US and EU get biomarker testing and therefore potentially gain access to the right drug for their specific condition.
“Diaceutics has been growing by an average of 60% per annum for the past three years and we expect that growth trajectory to continue as our addressable market is doubling. To facilitate that, we will require a number of new team members in key roles over the next two years.
“Some 70% of new cancer drug launches will be diagnostics-dependent in the next five years. Pharma will be relying on us to show them how they can maximise their market share in what is going to become an increasingly profitable area – and a hugely beneficial one to patients.”
Diaceutics is transforming an industry model by enabling pharmaceutical companies to accelerate their market penetration and achieve a better return on new therapies by helping them to revolutionize their patient testing. It does this by providing insights generated from its real-time testing data from its worldwide laboratory network, helping Pharma to understand and leverage the diagnostic landscape and deploy initiatives that aide patient diagnosis. The company leads the top 10 global markets with a 60% market share and experience of more than 200 drug launches. Twenty six out of the world’s top thirty pharmaceutical companies are clients. The company employs a leading global group of experts from the laboratory, diagnostic and pharmaceutical industries.
The CareersPortal Team