End of an era for Chanelle Pharma

The company was founded in Loughrea, Co. Galway, almost 40 years ago by Michael and was recently sold to the British company, Exponent, a private-equity firm. Michael, who employs over 730 people in Ireland, the UK, Europe and Jordan, was a practising vet before embarking on a career in pharmaceutical production. Chanelle specialises in supplying generic drugs for both animals and humans – it was a bit of a thorn in the side of the bigger pharma companies when it was founded in 1985. But the move into developing generic human drugs was a master stroke. Over the years, the business established itself as a leading pharmaceutical manufacturer of both veterinary and medical products with an extensive portfolio of licences. The Chanelle group will remain an Irish-managed company with the current management team staying in place. We send Michael our best wishes in his retirement.