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Head of NI drugs giant Almac dies Head of NI drugs giant Almac dies
(20 minutes later)
The prominent industrialist and philanthropist Sir Allen McClay, 80, has died in the United States.The prominent industrialist and philanthropist Sir Allen McClay, 80, has died in the United States.
He is survived by his wife Heather, who he married in hospital the US in November last year.He is survived by his wife Heather, who he married in hospital the US in November last year.
Sir Allen, who qualified as a pharmacist in 1953, established his first business, Galen, in 1968.Sir Allen, who qualified as a pharmacist in 1953, established his first business, Galen, in 1968.
It became a world-leading pharmaceutical and biotech company and made Sir Allen a multi-millionaire and one of Northern Ireland's richest men.It became a world-leading pharmaceutical and biotech company and made Sir Allen a multi-millionaire and one of Northern Ireland's richest men.
He established Galen in 1968 and floated the company on the London and Dublin stockmarkets in 1997, establishing the first £1bn company in Northern Ireland and his own personal fortune.He established Galen in 1968 and floated the company on the London and Dublin stockmarkets in 1997, establishing the first £1bn company in Northern Ireland and his own personal fortune.
In September 2001, he retired as President of Galen Holdings which later changed its name to Warner Chilcott. However, he soon bought back five divisions and established a new company, Almac.In September 2001, he retired as President of Galen Holdings which later changed its name to Warner Chilcott. However, he soon bought back five divisions and established a new company, Almac.
It became a successful company in its own right, employing thousands of people in the pharmaceutical industry.It became a successful company in its own right, employing thousands of people in the pharmaceutical industry.
It is based in Craigavon, County Armagh with other facilities in Scotland, England the the United States. It is based in Craigavon, County Armagh with other facilities in Scotland, England and the United States.
He was knighted by the Queen in 2005. However he was known to be humble about his success and wealth.He was knighted by the Queen in 2005. However he was known to be humble about his success and wealth.
Two years ago, he told The Scientist magazine that "when they say Sir, I look behind me to see who they are talking to".Two years ago, he told The Scientist magazine that "when they say Sir, I look behind me to see who they are talking to".
Last year he redirected a significant slice of his wealth into cancer research, setting up the McClay Foundation to unite industry and academia.Last year he redirected a significant slice of his wealth into cancer research, setting up the McClay Foundation to unite industry and academia.
The McClay Foundation and Sir Allen became sole shareholders of the Craigavon-based Almac Group, which has a turnover of £167m.The McClay Foundation and Sir Allen became sole shareholders of the Craigavon-based Almac Group, which has a turnover of £167m.
He was one of the largest supporters of Queen's University in Belfast, personally donating around £20m.