Menu
02/09/2009
'Billion Dollar' Pharma Product Applauded
A Co Down pharmaceutical company is celebrating this week.
NI Enterprise Minister Arlene Foster has congratulated Norbrook Laboratories on a new product expected to secure more than US$1 billion in global sales.
The Newry based pharmaceutical company - which produces a vast portfolio of products for the global veterinary and medical markets - has developed the product helped by £210,000 of research and development (R&D) support from Invest Northern Ireland (Invest NI) and the European Regional Development Fund (ERDF).
The Minister heard that the primary focus was the investigation of novel application methods and drug combinations for the treatment of a range of internal parasites, including liverfluke, which impact severely on the health and productivity of dairy and beef herds.
After more than five years of challenging research and clinical trials, the new product, called Closamectin Pour-on Solution, was launched this week.
Congratulating company Executive Chairman, Lord Ballyedmond, on the launch of the new product, Arlene Foster said: "Norbrook is a home grown company which has worked at the forefront of the veterinary pharmaceutical market since its inception in 1968.
"Research and development activities have been integral to Norbrook's global success and in securing its reputation for clinical excellence," she said, noting the product provides the international agriculture sector with a treatment which combines effective disease control with ease of use, significantly enhancing the treatment and control of parasites that can potentially devastate dairy and cattle herds.
"With global sales estimated at over $1 billion, Norbrook has once again set the bar for research excellence in the veterinary pharmaceutical sector.
"This launch proves the long-term value of investment in new product development and innovation, a focus which will continue to increase competitiveness in the future, as well as highlight local capability on an international stage," she said.
(BMcC/KMcA)
NI Enterprise Minister Arlene Foster has congratulated Norbrook Laboratories on a new product expected to secure more than US$1 billion in global sales.
The Newry based pharmaceutical company - which produces a vast portfolio of products for the global veterinary and medical markets - has developed the product helped by £210,000 of research and development (R&D) support from Invest Northern Ireland (Invest NI) and the European Regional Development Fund (ERDF).
The Minister heard that the primary focus was the investigation of novel application methods and drug combinations for the treatment of a range of internal parasites, including liverfluke, which impact severely on the health and productivity of dairy and beef herds.
After more than five years of challenging research and clinical trials, the new product, called Closamectin Pour-on Solution, was launched this week.
Congratulating company Executive Chairman, Lord Ballyedmond, on the launch of the new product, Arlene Foster said: "Norbrook is a home grown company which has worked at the forefront of the veterinary pharmaceutical market since its inception in 1968.
"Research and development activities have been integral to Norbrook's global success and in securing its reputation for clinical excellence," she said, noting the product provides the international agriculture sector with a treatment which combines effective disease control with ease of use, significantly enhancing the treatment and control of parasites that can potentially devastate dairy and cattle herds.
"With global sales estimated at over $1 billion, Norbrook has once again set the bar for research excellence in the veterinary pharmaceutical sector.
"This launch proves the long-term value of investment in new product development and innovation, a focus which will continue to increase competitiveness in the future, as well as highlight local capability on an international stage," she said.
(BMcC/KMcA)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
31 October 2016
Product Design Workshop Announced By Invest NI
Invest NI has announced a free product design workshop to be held in December, aimed at helping businesses learn about successful product design.
Product Design Workshop Announced By Invest NI
Invest NI has announced a free product design workshop to be held in December, aimed at helping businesses learn about successful product design.
25 October 2018
Techstart Academy Announce Product Management Workshop
The Techstart Academy has announced an event in Belfast on 22 November, which aims to "bring to life" the fundamentals of product management and best practices to drive product success.
Techstart Academy Announce Product Management Workshop
The Techstart Academy has announced an event in Belfast on 22 November, which aims to "bring to life" the fundamentals of product management and best practices to drive product success.
20 February 2014
Belfast Firm Secures Orders For Its New BottleScan Product
Packaging expert Sepha Ltd has secured orders from the USA and India for its new BottleScan product, developed with research and development support from Invest Northern Ireland.
Belfast Firm Secures Orders For Its New BottleScan Product
Packaging expert Sepha Ltd has secured orders from the USA and India for its new BottleScan product, developed with research and development support from Invest Northern Ireland.
21 February 2011
Mivan Contracts Win Praise
A Co Antrim-based firm that operates within the construction and marine refurbishment sectors and employs over 300 people in Northern Ireland and Britain has been in focus today. The Stormont Enterprise Minister Arlene Foster has congratulated Mivan on securing contracts worth over £30m in new markets during the past six months.
Mivan Contracts Win Praise
A Co Antrim-based firm that operates within the construction and marine refurbishment sectors and employs over 300 people in Northern Ireland and Britain has been in focus today. The Stormont Enterprise Minister Arlene Foster has congratulated Mivan on securing contracts worth over £30m in new markets during the past six months.
13 December 2005
Prepared vegetable firm wins Invest NI backing
An award winning local firm developed an export marketing strategy, with help from Invest Northern Ireland, which has allowed the company to secure a £150,000 contract with a well known UK wide multiple. Mash Direct Ltd won the lucrative initial contract with Spar (UK) for their prepared potato and root vegetable product range.
Prepared vegetable firm wins Invest NI backing
An award winning local firm developed an export marketing strategy, with help from Invest Northern Ireland, which has allowed the company to secure a £150,000 contract with a well known UK wide multiple. Mash Direct Ltd won the lucrative initial contract with Spar (UK) for their prepared potato and root vegetable product range.
-
Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
