FISHERS, Ind. — INCOG BioPharma, a maker of injectable drug products, will set up its first factory and a global headquarters in Fishers.
The company plans to create up to 150 jobs by the end of 2024.
INCOG BioPharma plans to break ground on its Fishers facility as early as December 2020 and be fully operational in the first half of 2022.
The company plans to add more than 65 team members over the next two years and continue ramping up hiring as customer demand increases.
Hiring will begin in early 2021 for positions in engineering, manufacturing sciences, quality assurance, human resources, project management and business development.
“Over the past several months, we evaluated several states and cities to identify the optimal location for our new venture,” said Cory Lewis, founder and CEO of INCOG BioPharma. “It became clear that the state of Indiana and the city of Fishers was the ideal location, given the vast amount of life science industry experience that exists in the state. By locating our business in Fishers, we will have access to a large talent pool of skilled and trained resources. INCOG BioPharma is excited to partner with the state of Indiana and the city of Fishers as we build a life science company with a passion for customer service and a long-term vision focused on sustainability for both our employees and customers.”
According to BioCrossroads and the Indiana Business Research Center, Indiana is the second-largest exporter of life sciences products in the U.S. at $10.5 billion in total exports. Together, these companies support 56,575 Hoosier jobs with average wages of more than $102,000 annually.
“We are very excited to be launching our business in Fishers, Indiana, where we will provide development and manufacturing services to the global biopharmaceutical industry, supporting the delivery of critical therapies and vaccines to patients in need around the world,” said Tedd Green, co-founder and COO of INCOG BioPharma.
The Indiana Economic Development Corporation (IEDC) offered INCOG BioPharma Services up to $2.5 million in conditional tax credits based on its creation plans. The tax credits are performance-based, which means the company can only claim them once Hoosier workers are hired.