Greg Hunt has opened Ego Pharmaceuticals’ new $35M global headquarters in Dandenong South today
The investment comes off the back of growth in Ego’s international exports, which is now approaching 50% of the company’s sales, selling into areas including the UK, Middle East and Asia.
Ego now produces 120 products, all of which are manufactured in Melbourne.
Minister Hunt spoke about the importance of Ego Pharmaceuticals within the health industry; with many Ego products being routinely used in hospitals, aged care facilities and doctors’ surgeries, and within his own family.
“When I look at the names… I think through our family,” he said.
“With Aqium… it protects me and it protects people from me as I go in and out of hospitals. Virtually everywhere I go there is Aqium attached to the walls of the wards… my daughter has a very mild eczema, so she uses QV, and my son is an eight-year-old boy, so he uses the lice protection products, as should every eight-year-old boy in Australia.”
Ego Pharmaceuticals runs on a pharmacy only distribution model which supports pharmacies all over the country.
“We are at a golden moment in Australia’s medical research history,” Minister Hunt said.
“We have the national health and medical research council, but we are right in that moment of doubling medical research funding and dramatically expanding our med-tech, bio-tech and pharmaceutical sector in Australia and in many ways you are the emblem and symbol of that potential.”
Ego Pharmaceuticals MD, Alan Oppenheim, commented on the importance of export to the growth of the business and the positive effect this has on local jobs, with Ego being awarded the Australian Exporter of the year in 2017.
“Six years ago we had 300 employees; today we have 593 wonderful Ego staff across 12 nations. In six years we doubled our staff. Over the next six years we will likely double our business again, to create hundreds more new jobs.” said Mr Oppenheim.
“I believe that the best thing that we can do for the community is to grow high technology manufacturing in Australia, making products for the world.”
Scientific and Operations Director, Dr Jane Oppenheim, explained the design of the new building.
“All up this was a $50M project, which took us about five years to complete,” she said.
“Paul Cushion, the mechanical engineer, has designed an energy and water efficient building that meets our wish to engage in a technology inspired sustainable future.”
Looking towards the future, Minister Hunt noted that with 2018 being Ego’s 65th Anniversary, “It’s a 65 year old company, dating back to 1953… and this site is planned with the expansion potential for the next 65 years.”