Written answers
Wednesday, 24 February 2021
Department of Finance
Ireland Strategic Investment Fund
Rose Conway-Walsh (Mayo, Sinn Fein)
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213. To ask the Minister for Finance further to Parliamentary Question No. 146 of 17 February 2021, when payment was given to a company (details supplied); the terms on which payment was provided; and if he will make a statement on the matter. [10250/21]
Paschal Donohoe (Dublin Central, Fine Gael)
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The NTMA informs me that ISIF has made an aggregate of €66m investment into Genuity Science, comprised of €5m investment into Genomics Medicine Ireland in October, 2016, which was later acquired by WuxiNextCode, and a €61m investment into WuxiNextCode in November 2018. WuxiNextCode has since been re-named Genuity Science. All investments were made on commercial terms.
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