Life Sciences Company Breaks Ground in Bloomington

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Jeff Schwegman founded AB BioTechnologies in 2008. Jeff Schwegman founded AB BioTechnologies in 2008.

Bloomington-based AB BioTechnologies has broken ground on a $10.5 million pharmaceutical manufacturing facility in Monroe County. The facility, plans for which were announced in January, will house clinical and small-scale commercial manufacturing services.

The pharmaceutical development company plans to add more than 30 jobs over the next five years as a result of the investment. The 23,000 square-foot facility will be used to manufacture injectable drugs and is expected to be complete later this year.

"Entrepreneurs and small businesses like AB BioTechnologies are driving economic growth and innovation in Indiana," said Indiana Economic Development President Elaine Bedel. "As one of the Indiana companies recognized for its growth during Small Business Week in May, we look forward to watching AB BioTechnologies continue to expand and create new opportunities for Hoosiers."

When the expansion was announced earlier this year, Founder and Chief Executive Officer Jeff Schwegman said Indiana was the "superior choice" for the project. The company said it would also relocate its warehouse and development laboratory to the facility.

Earlier this year, AB BioTechnologies was recognized as a winner of the Indiana Small Business Development Center's 2017 EDGE Award.

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