US pharmaceutical giant Eli Lilly is set to add capacity for about 500 new jobs in Cork. The company has signed contracts for a new €20m office building in Little Island, which will be its second in the city's Eastgate Business Park. If the capacity of a new office block is fully realised in the future, the move would more than double the company's work force at its Little Island base to around 1,000.
It already employs 400 people. Construction is due begin in the coming weeks and is expected to be completed in 2019. Developers O’Flynn Group are set to build the €20m, 70,000 sq ft office block, capable of housing up to 500 workers, for pharma giant Lilly’s Global Business Solutions Centre in Eastgate.
Pharma giant Eli Lilly has been in Ireland since 1976, and has been manufacturing in Dunderrow, Kinsale since 1981, where it employs 500, plus hundreds of contractors, and is actively expanding into the biopharma sector, with a new €200m plant under way.
Lilly supports the Innovative Medicines Initiative (IMI) the largest private-public partnership in Life Science R&D with active participation in some 19 projects for diabetes, neuroscience and oncology, and more than €20m investment.
Lilly is also developing a growing portfolio of pharmaceutical products focused on meeting some of the world's most urgent medical needs in the fields of cardiovascular disease, endocrine, musculoskeletal disease and urology.
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The company is ranked 132nd on the Fortune 500 and is ranked 221st on the Forbes Global 2000 list of the largest public companies in the world.