Press Release 14 Dec 2015

Galway – December 14th 2015 - Minister for Jobs Richard Bruton TD  today announced that German company phenox GmbH is to establish a medical device manufacturing facility in Galway, creating up to 65 jobs over five years.

The development is supported by the Department of Jobs, Enterprise & Innovation through IDA Ireland.

phenox Ireland Ltd. will manufacture interventional neurovascular medical devices for the treatment of aneurysms and stroke. The company’s products are used by endovascular specialists for the interventional treatment of ischemic and hemorrhagic stroke and include mechanical thrombectomy devices, flow diverters and bifurcation aneurysm implants as well as access and support devices.

The company is locating its new facility at the Kamrick Court Building in Ballybrit Business Park, Galway and will complete a customised fit-out to enable the commencement of operations in early 2016. The Galway facility will significantly enhance the company’s existing product development and manufacturing location in Bochum.

Speaking at the announcement in Galway today Minister Bruton said: “Life sciences is a key sector which we have targeted as part of our Action Plan for Jobs, and over the past four years we have put in place a range of measures to support jobs growth in this area, including the establishment of a national health innovation hub to support the growth of Irish companies in this area. Today’s announcement that phenox, a leading German manufacturing company in this area, is establishing a new facility in Galway and creating 65 jobs is an important boost for the West. We will continue to work hard to attract further investments from companies like this in the West in the coming years”.

Dr.-Ing. Hermann Monstadt, phenox GmbH founder and Managing Director said, “The Galway facility is critical to phenox’s global expansion plans and will produce products specifically for the U.S. and other international markets as well as provide additional support for EU markets.”

The Galway facility is critical to phenox’s global expansion plans and will produce products specifically for the U.S. and other international markets as well as provide additional support for EU markets.

Dr.-Ing. Hermann Monstadt, phenox GmbH founder and Managing Director

CEO of IDA Ireland, Martin Shanahan said: “IDA is delighted to see this new company establish a manufacturing, R & D, Sales and Distribution facility in Galway, providing 65 highly skilled jobs.  phenox GmbH will add significantly to the existing Medical Technologies cluster in the region and will be a valuable reference case for IDA in attracting further high growth medical technology companies to the region. I wish them every success in their future operations in Galway.”

About the company
Founded in 2005, phenox GmbH is a privately held company, headquartered in Bochum, Germany where it currently employs 130 people. phenox GmbH is focused on neurovascular devices, developing and manufacturing innovative, cutting-edge products for the interventional treatment of ischemic and hemorrhagic stroke.
phenox GmbH is a European innovation leader in the development of technologically advanced interventional neurovascular devices. The company’s products are sold directly into the most active hospitals in neurointervention throughout Europe and in selected countries in Asia, Africa and Latin America.  phenox Ltd will start recruiting in early 2016. For information on job openings, please check the company’s website at www.phenox.ie  

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