The Puerto Rico Pharmaceutical Industry Association will be hosting its 24th annual convention this week, when local and stateside speakers will discuss strategies that companies can apply to transform for a better future — this year’s theme.
Pharmaceutical company Actavis plc, based in Ireland, announced Tuesday it has completed the acquisition of Warner Chilcott plc in a stock-for-stock transaction valued at approximately $8.5 billion. Warner Chilcott has a plant in Fajardo.
Officials from General Electric and the Puerto Rico government announced jointly on Tuesday the addition of a new product line to the company’s plant in Vieques that will add 11 new jobs there, and the introduction of a new line in San Germán that will bump up the payroll by 50.
Puerto Rico’s biosciences sector, which accounts for about 28 percent of the island’s gross domestic product and generates more than 100,000 direct and indirect jobs, will look for ways to transform its future during its 10th annual “Biosciences Week” event this week.
Bristol-Myers Squibb Company today broke ground on a $200 million expansion of its facility in Humacao to add manufacturing capacity that will prepare the plant for the production of additional medicines. The project is expected to create 100 full-time jobs at the facility over time.
ONEVO LLC, a Miami-based manufacturer of insulated panels for concrete walls-floors-roofs and housing systems, is looking to open “one or more” plants in Puerto Rico that could potentially create 4,800 direct and indirect jobs.
Medical device manufacturer St. Jude Medical confirmed plans to expand its Arecibo operations through a $3.2 million to add a new production line that will create 150 new jobs starting in January 2014.
New governor, same announcement. During the Puerto Rico Manufacturers Association’s annual convention this weekend, Gov. Alejandro García-Padilla signed an executive creating a manufacturing advisory council that resembles one endorsed in 2011 by his predecessor, former Gov. Luis Fortuño.
The Puerto Rico Industrial Development Co. marked Thursday its 71st anniversary with an event coordinated by agency employees and dedicated to its first Executive Director, Teodoro Moscoso.
Merck’s pharmaceutical operations in Puerto Rico are ramping up their production capacity with the recent addition of Liptruzet cholesterol inhibiting tablets, which are being manufactured in Las Piedras, Andrew Wirths, general manager of the company on the island, said Wednesday.
Medical device manufacturers Covidien in Ponce and CooperVision in Juana Díaz confirmed Wednesday separate expansions that will create a combined 550 jobs in Puerto Rico’s southern region.
The Federal Communications Commission is looking to expand the availability of in-flight broadband connectivity to airline passengers by proposing the establishment of an air-ground mobile broadband service system to communicate with planes, while taking advantage of technical innovations to expand sharing of certain spectrum among users.
Wireless carrier AT&T Puerto Rico announced today it has turned on 4G LTE service in Vieques, to offer customers the latest generation of wireless network technology.
The Puerto Rico Manufacturers Association is preparing to mark its 85th anniversary during this year’s annual convention, when it will focus on ramping up its search for solutions to the island’s development and competitiveness challenges.
Two major Puerto Rico banks, Banco Popular and Oriental Bank, announced Monday the closing of two significant loans that will move forward projects that will benefit the economy and the community.
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