A British firm is to create 300 new jobs over five years in Dundalk, Co Louth.
The Wasdell Group is to establish a pharmaceutical packaging, testing and distribution facility there.
The project is supported by the Irish Government through IDA Ireland.
The company handles clinical trials packing, primary and secondary packaging and distribution of biopharmaceutical products.
It also offers contract manufacturing services with FDA and MHRA approved analytical and microbiology laboratories.
The new Dundalk facility will be the company's EU hub.
The 70,000 sq. ft. greenfield facility will be built in Mullagharlin, representing an investment of €30m.
Minister of State for Employment and Small Business, Pat Breen, said: "Wasdell’s decision to locate this new operation in Dundalk bringing 300 new jobs to the town is a great vote of confidence in what Ireland has to offer, especially in a regional location.
"The Government has been driving job creation in locations which are away from the bigger cities, and this new operation in Dundalk is a great vindication of that policy.
"It will provide additional facilities and services for our thriving pharmaceutical sector.
"This project builds on the tremendous success we have had, in bringing new foreign project to Dundalk which has helped transform the economic standing of the town over a relatively short period."
Martin Tedham, Wadell Group managing director, added: "Due to the rate of growth we are experiencing and the ongoing requirement to maintain capacity, a site in Ireland will be a means to facilitate this as well as an exciting opportunity for the group and specifically the Wasdell Packaging division.
"We have always had a strong customer base in Ireland and we are certain that this trend will continue with the impending Brexit situation as companies typically from the UK and USA look to securing a base to service their European markets."
Wasdell Group is a privately owned speciality pharmaceutical services company headquartered in England - employing 800 staff across three UK sites.