OPKO Health has announced it is expanding the EirGen Pharma facility in Westside Business Park in Waterford.
The firm is also establishing a new Product Development Centre in the Waterford Business and Technology Park. The company is locating in the IDA's newly built Advance Technology Building (ATB) on the park.
The construction of 11 ATBs around the country forms part of the Government's Regional Jobs Plan.
CEO of IDA Ireland, Martin Shanahan, said: "I welcome this expansion by EirGen Pharma, which will add significantly to the growing life sciences cluster in the South East. It is great news that a company that was founded locally is now creating 200 jobs in a key regional location, especially as it is going into the first ATB built in Waterford. It is proof that IDA's focus on bringing investments to regional locations is working and the strategy of building ATBs in support of that aim is proving successful."
(CD/LM)
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