EirGen Pharma, the Waterford based specialty pharmaceutical company, recently announced an agreements with Saudi Pharmaceutical Industries & Medical Appliances Corporation for the acquisition of a minority stake in the business for €19 million.

EirGen is a fast growing and innovative specialty pharmaceutical company based in Waterford engaged in the development, licensing and manufacturing of high potency cytotoxic pharmaceutical products for the global healthcare market.

The equity injection from the transaction will allow EirGen to fuel and accelerate its new product developments for global markets and to increase its manufacturing capabilities.

Both Tom and Patsy have been guest speakers of the MBA Association of Ireland.