NEWS
Pharma sector fear cuts in Irish drug manufacturing on back of Trump policy
Ireland could lose up to a quarter of its pharmaceutical manufacturing US president Donald Trump sticks drug companies to invest more in the United States.
“There are a load of ifs and buts,
but there is no doubt that the current uncertainty is not good for The Irish Times.
The US president has announced plans to cut prices for prescription drugs by between 30%-80%, vowing to “cut out middlemen”. This comes despite pharma
executives lining up to announce close to €179 billion in planned investments in US manufacturing facilities, as they look to head off separate tariffs that Mr Trump has threatened to impose on the sector. “Smart pharma companies would
have been well ahead on this,” said one Irish industry executive. “With Trump’s track record, you cannot imagine they would not have mapped out the risk and planned for it. “You would not like to make a guess on what it could mean but I would not be surprised if you were to see a 25% fall in manufacturing
Data from the Central Statistics chemicals and related products,
Schneider Electric unveils new solutions to
increase power security and availability Schneider Electric has launched a number of offerings designed to maintain power supply in the event of an outage. The transfer switch solutions increase power
security and availability, as well as reducing downtime by ensuring the supply of power to a building by moving to emergency backup sources, such as generators or batteries, if the primary source goes down. This means organisations can maintain vital
services and avoid business disruption and equipment and operations up and running
during a power cut. David Williams, Schneider Electric’s vice president for transactional business, said: “We are having many conversations with organisations about the need for increased power security and availability as the demand
continues to rise putting pressure on the grid at times. “Few organisations can afford to be without a steady power supply and for some, such as healthcare providers, it can be a life-or-death situation.” Mr Williams added: “Our new transfer switch kits are there to provide peace of mind so that if the primary power source fails it’s easy and quick to transfer over to emergency sources, keeping vital equipment and operations up and running and limiting the impact.”
which include medical and pharmaceutical products, made up 91% of the €12.9bn in total exports to the US in February.
Report highlights crucial role of upskilling in tackling gender
imbalance in Ireland’s health technology sector An impactful new report from Irish Medtech Skillnet, First Polymer Training Skillnet, and Connected Health Skillnet has highlighted the crucial role of upskilling in addressing the
ongoing gender imbalance in Ireland’s STEM sectors. The ‘Empowering Women in STEM’ report, conducted by Xenon Health Solutions on behalf of the three Skillnet Ireland Business Networks, presents a detailed analysis of gender representation challenges and solutions within the health technology industry. The report comes at a pivotal time of expansion for Ireland’s STEM industries. The study found that despite a skills shortage underrepresented, especially in leadership and technical roles.
www.irish-manufacturing.com
While the number of female STEM graduates in Ireland is increasing, just one in four STEM professionals in the workforce are women. This disparity is even more pronounced for leadership roles, where women hold just 19% of chief executive positions in large enterprises. Jackie Murphy, vice president, manufacturing plant manager, Alcon and chair of Irish Medtech, said: “Continuing to promote gender equality in STEM is vital for advancing women in the industry. When women are empowered and given equal opportunities, they contribute
May/June 2025 Irish Manufacturing 5
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