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Welsh Government to fund 50 new jobs at diagnostics firm

The Welsh Government has announced that it will provide almost £1 million of funding to a Bridgend diagnostics firm, in what the company says will lead to the creation of nearly 50 new jobs.

Ortho Clinical Diagnostics is a leading firm in the creation of in vitro diagnostics and other advanced technologies that test for a range of conditions, including diseases, substance abuse and ensuring that blood transfusions use compatible and appropriate blood stock. The firm supplies hospitals, blood banks and laboratories in 125 countries or territories around the world.

First Minister Carwyn Jones, announcing the £960,000 deal made via the government’s business finance funding scheme, said the investment will help the company compete on a global stage by increasing production at its Pencoed factory. This new capacity would lead to the creation of nearly 50 new skilled medical tech jobs.

Ortho reports that it has significantly scaled up production in line with growing demand for its products, particularly driven by the Chinese market, with two further production lines scheduled for 2018 and 2020.

Paul Hales, the firm’s senior director, said he was proud that the new funding would help Ortho to “improve and save lives through diagnostics”.

He added: “A secure and consistent supply of high-quality product is at the core of that purpose, and we are delighted to be increasing our production capabilities to meet the ever-rising demand for our products. We are grateful for the continuing support of the Welsh Government.”

The Welsh life sciences sector currently contains some 350 companies that employ a total of 11,000. The Welsh Government founded its Life Science Hub in 2014 to support further growth in the sector and encourage collaboration between universities, academics, private companies and investors.

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