Bristol-Myers Squibb Company announced a $165 million expansion of its facility in Humacao to add manufacturing capacity that will prepare the plant for the production of additional medicines.
The Purchasing Managers Index (PMI) for Puerto Rico’s manufacturing sector rose to 59.0 in May, remaining above the threshold value of 50 for the ninth consecutive month, suggesting an expansion in the manufacturing.
German pharmaceutical Sartorius Stedim Biotech inaugurated Tuesday its new $20 million expansion at its Yauco plant, completed some 14 months after it announced plans to increase its presence in Puerto Rico.
CDI Laboratories in Mayagüez — the only company in the world using pioneering technology with the ability to generate high specificity monoclonal antibodies — began a new phase of research after receiving a combined $11.4 million in local and federal funding to develop new technologies in the field of medicine.
Puerto Rico is among a select group of U.S. jurisdictions specializing in four of the five sectors that make up the thriving bioscience industry and is among a handful of states boasting a significant employment base and a specialized concentration of jobs in drugs and pharmaceuticals, according to the findings of the “Battelle/BIO State Bioscience Industry Development Report” released Wednesday.
Looking to foster Puerto Rico’s potential in pharmaceutical innovation, drug developer Merck has partnered with the Yale School of Medicine and the Comprehensive Cancer Center at the University of Puerto Rico to launch a drug discovery and development teaching program.
Three talented Puerto Rican students will have the opportunity to live a once-in-a-lifetime experience as part of this year’s Ruta Quetzal BBVA cultural program, which will take them to Colombia and Spain this summer, BBVA President Rafael Varela announced Tuesday.
For the first time in 12 years and the second in its 84-year history, the Puerto Rico Manufacturers Association is gearing up to elect Waleska Rivera, president of Danosa Caribbean, to head the trade group during elections slated for this weekend’s annual convention, Executive Vice President William Riefkohl said Tuesday.
In the last 36 months, the Puerto Rico Industrial Development Company has helped to promote seven companies in the textile industry that have vowed to invest $40.5 million and create 1,582 direct jobs, Executive Director José Pérez-Riera said Thursday.
The Puerto Rico Manufacturers Association will be hosting its 84th annual convention under the “We’re all manufacturers” slogan, adopted to reflect “the multiplicity of industry elements,” said trade group President Pedro Watlington.
Medical device manufacturer Bard Shannon Ltd. in Humacao is investing $43 million to expand its operations and add 200 new jobs in the process, Gov. Luis Fortuño announced Wednesday during a tour of the facility.
The Bumble Bee tuna cannery in Mayagüez will be closing its operation after 50 years of doing business in Puerto Rico, leaving about 260 people jobless, News is my Business learned.
Mass.-based Haemonetics Corp. announced over the weekend it has entered into a definitive agreement to acquire Pall Corp.’s blood collection, filtration and processing product lines, including its manufacturing facilities in California, Mexico, Italy and a portion of Pall's assets in Fajardo.
Oriental Financial Group Inc.'s conversion into a more traditional bank following the April 2010 acquisition of the defunct EuroBank seems to be going in the right direction, as on Monday the financial institution announced $9.5 million in income for the first quarter ended Mar. 31.
Fifteen companies made the commitment last month to invest $248.3 million in machinery and equipment, and create 1,369 jobs in the next 18 to 36 months, Economic Development and Commerce Secretary José Pérez-Riera said Wednesday.
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