Ireland pulls in €50M R&D investment from US

Boston Scientific’s corporate HQ in Natick, Massachusetts.

Boston Scientific Corporation, a specialist in medical devices for use in minimally invasive surgical procedures, is to invest €50 million in R&D at its facility in Galway, with the support of the inward investment body, IDA Ireland.

The company set up in Galway in 1994. The Irish facility is now the largest manufacturing site within the corporation, with over 3,000 people employed in R&D and manufacture of cardiology and peripheral vascular products such as stents and catheters.

Welcoming the investment, the Minister for Finance, Brian Lenihan, said, “This investment is extremely significant, not just for Galway but also in terms of the research and development activities that are taking place in Ireland.”  

“The R&D investment will bring major technical enhancement in innovation and skills to the Galway facility.”

The CEO of IDA Ireland, Barry O’Leary, said, “At €50 million this is one of the most significant R&D investments supported by IDA Ireland. Given the stature of the Boston Scientific Corporation it demonstrates Ireland’s ability to win such investments internationally and demonstrates our ability as a capable knowledge based economy.”