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Birmingham Post
Birmingham Post
Business
David Elliott

Almac's profits soar as global recruitment drive gets underway

Almac, Northern Ireland’s largest pharmaceutical company, has ramped up its profits by nearly one third as demand for its drug development and manufacture soared.

It made £81 million in the full year to the end of September 2021, up from £64 million the previous year, on a revenue hike of nearly 9%.

The company, which is headquartered in Craigavon, said demand has grown for its services and it was involved in the development of over 300 life-saving drugs spanning more than 20 therapeutic areas including oncology, cardiology, immunology, gene therapy and neurology over the year.

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