Veryan announces multimillion-euro investment in Galway

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Veryan Medical has announced a multimillion-euro investment in its Galway facility, creating 20 jobs over the next two years.

The new roles will focus on three development projects – two focused on arterial intervention and one focused on an exciting new treatment for venous disease.

Veryan Medical opened its first Galway facility and hired its first employees in 2006 and was acquired by Otsuka Medical Devices (OMD) in 2018.

An Tánaiste Leo Varadkar TD welcomed the significant investment yesterday.

“This expansion demonstrates the company’s commitment to Ireland and will allow it to continue to benefit from the rich pool of talent in Galway and the surrounding area. I wish the team the very best for the future,” he said.

Nick Yeo, Chief Executive Officer of Veryan Medical Ltd. added: “Today’s announcement provides a very timely stimulus for our outstanding team, which has displayed remarkable resilience and perseverance during the COVID-19 pandemic.

“For more than a decade, our Galway R&D team has nurtured a culture of Design Intelligence and this investment will create exciting opportunities to add this value mark to the new products we are developing.”