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Pharmaceutical company to sponsor students 25 June 2007

PHARMACEUTICAL students are to benefit from a generous sponsorship package from a local business.

Medis Ltd, based in Circular Road, Douglas, is to fund Isle of Man students heading off-Island to university to study pharmaceutical-related subjects to the tune of £5,000 a year.

Medis Ltd is also offering the students who are selected assistance with their studies and extensive work experience and there is a possibility it may employ them after they graduate.

The scheme, launched on Friday and open to students from all five high schools to apply for, includes:

• £5,000 in financial support per annum during studies leading to a full degree.

• 10 weeks’ work experience in a pharmaceutical business during the summer holidays. Additional work may be available at Easter and Christmas and an hourly rate would be paid to the student for this.

• An excellent source of ideas and information for university project/thesis work.

• An element of ‘pastoral’ care both while the student is working with Medis and while away at university.

Medis says that, although no guarantees can be made, it hopes to employ the students upon completion of their studies.

Managing Director Stuart Colligon said:

‘Short-term recruitment for technical and scientific roles is time-consuming, expensive and often results in filling vacancies with off-Island candidates. We are launching this undergraduate sponsorship scheme to harness the talents of the Island’s young people and to nurture industry skills that will give them an advantage upon graduating.’

He added:

‘Our scheme is designed to give Island students a chance to study in more comfort at university, at the same time giving Medis an opportunity to fulfill the longer-term recruitment needs with Manx people. The pharmaceutical industry is varied, challenging, and rewarding. We want to give the young people of the Island, who are considering our industry for a career, guidance, support and help to achieve their full potential.’

Mr Colligon continued:

‘Medis is part of a group of companies that is the fifth largest in the world in its sector. Our mission is to recruit world-class employees or individuals with the potential to become world-class. What better place to start that journey than on the Isle of Man with its highly regarded education system?’

Medis has operated on the Isle of Man since 1999 and is part of the Actavis Group – the fastest growing company in its sector in the world and now one of the top five global generic pharmaceutical companies. It specialises in the development, manufacture and sale of more than 200 generic pharmaceutical products, with more being developed all the time.

Students should apply to the Managing Director with a letter explaining why they should be considered for inclusion on the scheme and also enclosing a current CV. Applications should be received no later than Wednesday, July 18, 2007.

Assessment days will be held on the Island during July and August. Mr Colligon said: ‘We would probably look to sponsor two students for this, the first year.

If the scheme is the success we hope it will be, this could increase in future years. Since the basic pharmacy course is a four-year course, we would then have somewhere between six and 12 students on the scheme at any one time.’

Education Minister Anne Craine MHK commented:

‘I am delighted by the generous offer of student sponsorship from Medis Ltd. It is terrific that we have this commitment from the company, bringing private sector investment directly to the student and, hence, the future of the Isle of Man.’

Mrs Craine added:

‘I am particularly pleased that this is being delivered in a “shortage area” subject. Science is an area where we need to continue to diversify to benefit the economy of the Island and this scheme will generously support students during their studies and through work experience. This pharmaceutical company is well-known for its active participation in the community and generous support of charitable events and I am very appreciative that it has extended that generosity to education.’

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