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Verian announces multi-million euro investment in Goalway-Med-Tech Innovation

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Veryan has announced a multi-million euro investment in the Goalway facility. This will contribute to the further expansion and diversification of the Veryans product portfolio beyond the BioMimics 3D Swirling Flow stents sold in Europe and the United States to improve blood flow through the arteries of the legs.

This investment is supported by the Irish Government through IDA Ireland.

Verian opened its first goalway facility in 2006, hired its first employees and was acquired by Otsuka Medical Device (OMD) in 2018. Otsuka Medical Device is a subsidiary of Otsuka Holdings. Since the acquisition of OMD, Veryan Galway has increased its workforce from 11 to 46, from design engineering, development, supply chain operations, regulation and quality assurance to clinical operations, data management and finance. The investment will create another 20 full-time jobs in Goalway, two related to arterial intervention and one related to three development projects focused on new treatments for venous disease. Expected.

Tnaiste and Minister of Trade, Trade and Employment Leo Varadkar TDsaid: We are truly pleased that Veryan Medical will create 20 additional jobs over the next two years with this significant new investment. This expansion illustrates the company’s commitment to Ireland and continues to benefit from its extensive talent pool in and around Galway. I hope the team will do their best for the future.

Nick Yeo, CEO of Veryan Medical, said: Today’s announcement is a very timely inspiration for a great team that has shown remarkable resilience and patience during the COVID-19 pandemic. The culture of design intelligence and this investment create exciting opportunities to add this value mark to the new products we are developing.

In preparation for business expansion, the Goalway team recently moved to the new Veryan Innovation Center, a 15,000-square-foot facility at Goalway’s Parkmore Business and Technology Park. The center is designed to meet the gold standard of leadership in energy and environmental design. (LEED) For green buildings.

Noriko Tojo, President and Representative Director of Otsuka Medical Devices, said: We would like to thank IDA Ireland for supporting its R & D program in Ireland, which is at the heart of providing innovative and unique intravascular technology to patients and physicians. We look forward to continuing to work with talented Irish colleagues to achieve this ambitious goal.

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