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The New York-listed group has become the third major opioid maker to seek court protection from its creditors. Photograph: iStock

Drugmaker Mallinckrodt, which is headquartered in Ireland for tax reasons, filed for bankruptcy protection in the US on Monday as it seeks to deal wit(...)

Medical device giant Medtronic reported a sharp fall in sales as hospitals cancelled elective surgery to cope with the Covid-19 crisis.  Photograph: Munshi Ahmed/Bloomberg

The incoming chief executive of medical device giant Medtronic has challenged the drive by US president to bring manufacturing of supplies for the US (...)

Ziva Eger, chief executive of Israel’s Foreign Investment and Industrial Co-operation Authority: ‘Israel is different to Ireland. We don’t feel that competition so much. Ireland has the market [the European Union] but it does not have the technology level that we have.’

As IDA Ireland this week announced another record year of job wins for the State, its chief executive Martin Shanahan acknowledged that stiffer compet(...)

Medtronic employs around  4,000 staff in the Republic

Medical device-maker Medtronic reported a quarterly revenue above analysts’ expectations on Tuesday, boosted by demand for its minimally invasive ther(...)

Medtronic chairman and chief executive Omar Ishrak. He said Crospon was doing well. Photograph: Brendan McDermid/Reuters

Medtech giant Medtronic is shutting down the Galway operation of Crospon, an Irish company is bought just more than a year ago. The company told staf(...)

In 2017, IDA Ireland had 764 client companies of US origin, supporting more than 152,000 employees. Photograph: iStock

It has been a rollercoaster few months for US businesses in Ireland. In May, there came the confirmation that a two-year delay in the planning process(...)

Turnover, which comprised  revenue from the sale of medical devices in Ireland, rose from €6.8 million to €40.4 million

Dublin-domiciled Medtronic, the world’s largest standalone medical device maker, saw profits more than double at its main Irish subsidiary last year a(...)

Medtronic’s revenue rose 4 per cent to $7.35 billion, missing the average analysts’ estimate of $7.46 billion. Photograph: Angelo Mercone

Medtronic, the world‘s largest standalone medical device maker, posted weaker-than-expected quarterly revenue due to slowing growth in its diabetes a(...)

John Power, CEO of Aerogen: The company made a pretax profit of €10.1 million in 2015, on revenue of €40 million

Galway-based medical technology and drug-delivery company Aerogen plans to expand its business into emergency departments in hospitals worldwide. Ae(...)

The new roles are being led by the creation of the global research and development facility for medical devices  in  Dublin. Library photograph: iStock

Mallinckrodt, the Dublin-domiciled specialty pharmaceutical group, plans to create 75 high-skilled jobs, bringing total employees in its new Blanchard(...)

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