An Indian pharmaceutical company is to generate new jobs in Grangemouth

Following a £45 million investment, a pharmaceutical factory in Grangemouth will expand.

India-based Piramal Pharma Solutions plans to create up to 50 new jobs by making antibody drugs under contract with other medicine developers.The move will bring the total number of employees at the site to more than 250. Scottish Enterprise, which is backing the expansion with £2.4m, said the investment was "tremendous news" for Scotland's life sciences sector.

Piramal wants the new building at Grangemouth to improve its ability to develop clinical products rapidly, and to support cancer drug trials. In the first phase of the site expansion, two new ADC (Antibody-Drug Conjugate) manufacturing suites will be added to the existing three.

"Piramal's money invested is massive news for Scotland's life sciences sector, one of the broadest life sciences clusters in Europe, and is developing new, high- quality jobs that are essential to our economic growth," said Scottish Enterprise chief executive Adrian Gillespie.

The company's Grangemouth site expansion proposals, with Scottish Enterprise support, will provide more R&D and production capacity for the advancement, scale-up, and commercial manufacture of drugs in the global fight against cancer.

"This new development will more than double our ADC production capacity, enhancing our capability to satisfy clients throughout the entire drug lifecycle," said Piramal Pharma CEO Peter DeYoung.

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