Biopharmaceutical Company to Grow Its Indiana Operations

BLOOMINGTON,  IN - Governor Mitch Daniels joined executives from biopharmaceutical manufacturer Cook Pharmica today to announce the company's plans to add new filling and finishing lines to its south central Indiana campus, widening the company's capabilities and creating more than 200 new jobs.

The company, which develops and manufactures pharmaceuticals for pre-clinical through commercial use, plans to invest more than $80 million to build and equip an 80,000-square-foot addition to its production facility that will house a high-speed syringe filling line, vial filling line and two complimentary finishing lines.

"Anytime we can bring high paying jobs like the ones Cook has brought to Indiana, it's a great day.  But today's announcement comes with special joy as it builds on both our strengths in manufacturing and life sciences and brings new balance and diversity to the Indiana economy," said Daniels.

Cook Pharmica, the biopharmaceutical contract manufacturing division of Cook Medical, will begin construction of the expansion in mid-2008 and plans to complete the project in early 2010.  The company, which currently employs 173 associates at its development and manufacturing center in Bloomington, will hire engineers, information technology specialists, quality assurance professionals and manufacturing associates as part of the expansion.

"We could not be more thrilled with the acceptance we have gained from our customers and everyone involved that has made this expansion possible, which we have named Project Eos - the Greek goddess of the dawn," said Jerry Arthur, president of Cook Pharmica.  "This expansion, which further diversifies our expansive portfolio of services, marks the dawn of a new era in our company's growth, and is a testament to Cook's commitment to contract biopharmaceutical manufacturing."

The addition of filling and finishing capabilities at Cook Pharmica's Indiana operations will allow the growing company to participate in nearly every step of drug development from research through finished packaging, fulfilling a key niche in the contract manufacturing market for customers seeking one-stop sourcing for their outsourcing needs. 

The Indiana Economic Development Corporation offered Cook Pharmica up to $2.2 million in performance-based tax credits and up to $100,000 in training grants based on the company's job creation plans.  The City of Bloomington will provide the company with assistance as part of the city's Community Revitalization Enhancement District.

The announcement of Cook Pharmica's expansion comes as the company as makes plans to for substantial expansions abroad and nears completion on several on-going projects.  The company is set to open a new office and warehouse in Shanghai, China this year to serve its customers throughout Asia.  In 2007, Cook Pharmica's sister company Cook Urological announced plans for a major expansion in nearby in Spencer, Ind.

Source: Indiana Economic Development Corporation

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