Source Bioscience to Invest €585,000 in Irish Microbiology Labs

| By | Financing, Laboratories, Microbiology
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The UK-based lab service and product provider will spend $650,000 to improve turnaround times for Irish customers.

Source Bioscience has invested €585,000 (US$650,000) in microbiology and sterility testing labs at its stability storage facility in Tramore, Co Waterford, Ireland. The investment expands the lab service and product provider’s current service offering at the site with the aim of reducing turnaround times to allow more rapid feedback to customers and to minimise risk when storing samples.

Accessible, high-quality microbiology and sterility testing services are increasingly becoming a key requirement within the pharmaceutical, cosmetic and food industries in the UK and Ireland. The company’s new labs boast equipment served by highly-trained personnel combined with a robust compliance ethos. Tests offered include sample pick up, quick turnaround times and full reporting to meet customer’s requirements.

The investment supports the further expansion of this offering in the Irish and European markets.

Russell Wheatcroft, Commercial Director of Source Bioscience said:

The funding is part of a two-stage process and we now look to expand our footprint in Ireland further by increasing the capacity of our Tramore facility by 40%. The Irish market is a key element to our expected growth in Europe and this investment will be critical in driving the company through the next phase of its development.

Source BioScience has been providing outsourced stability storage services for more than 40 years and has served the Irish market since 2007. Recently rebranded as Source Stability Storage Solutions, the company offers a portfolio of stability storage options, delivering 24/7 outsourced controlled environment storage for stability trials at all World Climatic ICH conditions, as well as bespoke conditions.