Read more: Irish biotech group Elan in Alzheimer's breakthrough

An Irish-born biochemist who heads up Alltech, one of the largest animal health companies in North America, plans to develop a new product to help Alzheimer's patients.

Dr. Pearse Lyons, originally from Dundalk, Co. Louth said, "The late, world-renowned Alzheimer's expert, Dr. William Markesbery, said he'd never seen anything like our product that is so beneficial to people with the disease in all his 40 years in medicine."

Lyons has hired professional advisers to approach pharmaceutical companies with a new product that could help alleviate Alzheimer's disease.

"This is the first time we've done something like this within Alltech. If we succeed and create a new business division, we'll invest and expand in Ireland and the U.S,” he told the “Irish Independent.”

Alltech is currently working with nutrigenomics, examining how foods and their minerals affect genes.

The sales in the company are currently $551.5 million a year, and he hopes to double this in the next three years. 

Based in Kentucky, Alltech currently employs 2,000 people.

Read more: Irish biotech group Elan in Alzheimer's breakthrough


Irishman's company could give new hope to those suffering with Alzheimer's Disease