Life Sciences Company Brings Headquarters to Indianapolis

Arcadia Healthcare has announced plans to invest more than $3 million to relocate its national headquarters from Detroit to Indianapolis. The company says it will create more than 400 new jobs by 2010, hiring managers, pharmacists, pharmacy technicians and sales staff.

Indianapolis Economic Development led the deal and the State of Indiana chipped in with a competitive incentive package.

The relocation of the company’s Southfield, Mich., corporate headquarters comes as it readies the national launch of DailyMed™, a drug packaging system that puts patients multiple prescription and over-the-counter medicines and vitamins into a roll of single dose packs labeled with the dates and times the patient should take the medications.

As part of its relocation to Indiana, Arcadia is developing a relationship with the state’s Family and Social Services Administration to market DailyMed™ to the more than 100,000 Medicaid recipients as well as the 1.7 million Hoosiers enrolled in Medicare.

This announcement comes at the heels of many other positive indicators in 2007 for Indiana's thriving life sciences environment which includes: Eli Lilly, Cook, Inc, Roche Diagnostics and Dow AgroSciences.

• California-based Beckman Coulter Inc. announced that it will shutdown a centrifuge development and manufacturing facility in Palo Alto, Calif., and move its operations to central Indiana. The Palo Alto facility employs 220 people. Related link
  
• Enzon Pharmaceuticals says it is closing its manufacturing operations in South Plainfield, N.J., and moving them to the company's Indianapolis location, impacting about 50 employees. Related link
  
• BIO and Battelle ranked Indianapolis #9 in total number of life sciences employees. Related Link
  
• Oxford England-based, BioSignals, has chosen to move its Global Headquarters to Carmel, Indiana. Over the next five years, they will create over 120 jobs. Related link

For more information on the life sciences industry found in the Indianapolis region, please visit our web site.