US Pharmaceutical Company Considers Plant in Iceland Skip to content

US Pharmaceutical Company Considers Plant in Iceland

The executives of the American pharmaceutical company Alvogen, one third of which is owned by Icelandic entrepreneur Róbert Wessman, who is also the company’s chairman, is considering constructing a factory in Iceland.

From Reykjanes peninsula. Photo by Páll Stefánsson.

Wessman said the choice is between Iceland and Eastern Europe. If Iceland is chosen for the project, the factory will most likely be situated in the Sudurnes region on Reykjanes peninsula, Fréttabladid reports.

Wessman is also planning to open a private hospital in the region and preparations have already begun. “We have had very good cooperation with Reykjanesbaer [municipality],” Wessman said.

He is keen on contributing to economic development in the area, which is currently looking at the highest unemployment rate in Iceland.

Alvogen, which specializes in the development and production of complex general pharmaceuticals, has an operational history of more than 100 years.

The private hospital Iceland Healthcare in Ásbrú in Reykjanesbaear will only treat foreign patients. It will specialize in joint replacements and obesity procedures.

If everything goes according to plan, the hospital can open after approximately one year. Wessman himself will not be involved with operating the hospital.

Click here to read more about the situation in Sudurnes.

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