Innovation key for us, says boss of Randox
Innovation is at the centre of the success of medical testing firm Randox Laboratories, its managing director has said. The company, which is based in Crumlin, is a major exporter of diagnostic kits around the world.
Randox, which had turnover of £92m last year, is now the biggest testing company in the UK and Ireland and has 1,300 employees.
It has four manufacturing and research and development sites in Dungloe, Co Donegal, Crumlin, Bangalore in India and in Washington DC.
It received a visit from Finance Minister Simon Hamilton as part of the Minister on the Move series of company visits, supported by the Northern Ireland Chamber of Commerce and Industry.
Dr Peter FitzGerald, who founded the company in a chicken shed in his parents' garden in the early 1980s, said: "We firmly believe that diagnostics are key to improving healthcare systems around the world.
"More sensitive, accurate and comprehensive diagnostics enable greater preventative care - improving patient outcomes and reducing the burden on healthcare services.
"We take our commitment to research and development very seriously, and Randox is at the forefront of life-changing research and development in the diagnostics industry. We are proud to say that our innovative diagnostic tests are paving the way for the future of healthcare."
The Finance Minister said there were around 130 companies with a total turnover of nearly £1bn in the health-related sector.
"Randox is a genuine world leader and we are proud of what the company has achieved," insisted Mr Hamilton, adding that the Department of Health was a major contributor to the economy, not only as an employer but also by facilitating work with academics and industry.
"I want the work of my department to play its fullest role in growing the local economy," he added.