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Onyx Scientific is to expand its drug manufacturing facility near Newcastle with a further 6,250 sq ft within the next year.
Onyx Scientific, the Sunderland-based drug discovery firm, has been acquired by Ipca Laboratories of India for about £4.6m.
Onyx Scientific is to create a further 20 jobs at a new pharmaceuticals research laboratory in Sunderland over the next two years, and expects additional investment to provide 120 vacancies over the next seven years.
Onyx Scientific has raised about £2m to open new pharmaceutical sample laboratories in Sunderland, and will create about 50 jobs over the next 18 months.