Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Regeneron, a US drug company, has made an SEC filing and indicated that it is at an advanced stage of purchasing a building in Limerick. The general view locally is that the building which was formerly occupied by the manufacturing section of Dell will provide a psychological boost for the area given the number of jobs lost there previously. Dell has continued its operations in Limerick and is a fantastic employer in employing more than 1,000 people. It is welcome that Regeneron has made that public disclosure. In terms of the project advancing, what is its current status and how does Mr. O'Leary, in terms of the timeframe, see it evolving? Regeneron is a hi-tech drug manufacturing company which will be very welcome in Limerick. I compliment the company on its work to date. Perhaps Mr. O'Leary, given that what I have disclosed is in the public domain, might elaborate on the current status of the project? I have read the company's SEC filing and I am conscious of the commercial sensitivities involved. However, this is a welcome announcement for the people of Limerick. I would welcome it if Mr. O'Leary could give us some indication of the current status of the project?