
The US group, already one of the largest employers in the State, will create 45 jobs as a result of the injection, reports the Irish Times. The decision to invest in Ireland follows the company's acquisition earlier this year of start-up firm Labcoat.
Also based in Galway, Labcoat has developed technology that allows coronary stents – small wire meshes tubes inserted into people's arteries following angioplasty procedures – to be coated with drugs in a more targeted manner.