BLOOMINGTON, Ind. -- Governor
Eric J. Holcomb today joined executives of Simtra BioPharma Solutions (Simtra)
and local officials to break ground on the company’s new state-of-the-art
manufacturing facility in Monroe County.
In February, Simtra announced
plans to expand its footprint in Bloomington by building a
150,000-square-foot manufacturing facility to house two high-speed automated
isolator syringe fill lines and a new, high-speed isolator vial line equipped
with three lyophilizers. The new facility will be supported by a $250 million
investment and the creation of hundreds of new jobs.
“Indiana’s life sciences
industry is on a roll,” said Gov. Holcomb. “Simtra’s investment in advancing
critical R&D and delivering life-changing pharmaceuticals is not just
benefiting people around the world, it’s also growing Indiana’s economy and creating
high-quality careers for Hoosiers.”
Life sciences is a vital industry to Indiana’s economy and contributes $95
billion to the state’s economy annually and employs 67,000 people. Life
sciences are also a source of venture capital funding with $910 million awarded
to dozens of companies in 2022 and 2023.
“This event marks a
significant milestone for Simtra BioPharma Solutions, and the Bloomington and
Monroe County community that we have been proud to call home for more than 40
years,” said Ray Guidotti, Chief Operating Officer, Simtra BioPharma Solutions.
“Our $250+ million investment is a testament to our commitment to meeting the
growing demands of our industry and supporting our customers in their mission
to deliver life-saving therapies to patients. This investment will create
hundreds of jobs, highlighting our dedication to growth, innovation, and
excellence. We are building the future of sterile injectable manufacturing,
ensuring that Simtra remains at the forefront of our industry.”
Indiana’s life sciences
ecosystem has experienced tremendous growth since 2021. In total, since 2021
$11.5 billion in committed capital has flowed into the state through 96
projects and 11,852 committed jobs.
Based on the company’s plans to create up to 130 jobs, the Indiana Economic
Development Corporation committed an investment in Simtra BioPharma Solutions
of up to $1.6 million in conditional tax credits. These incentives are
performance-based, meaning the company is eligible to claim state benefits once
Hoosiers are hired and trained. Monroe County offered additional incentives.