The life sciences sector in Hamilton County continues to grow. Fishers-based cell and gene therapy contract development and manufacturing organization Genezen has announced plans to invest $40 million to expand its Fishers facility and create up to 62 jobs by the end of 2023. The company says the 75,000-square-foot addition will triple its current footprint.
Genezen says the investment will allow it to upgrade its cGMP lentiviral and retroviral vector production at the facility in the Crosspoint Business Park.
“This is an exciting stage of Genezen’s growth journey as we continue to grow and prosper within the Indiana community,” said Ray Kaczmarek, chief executive officer at Genezen. “The talent and biotech expertise in Indiana is flourishing, and we are highly confident that we’ll continue to build a world-class team supporting our clients as they bring life-changing therapies to market.”
Work is underway and Genezen says it expects the new manufacturing suites to be operational in the first half of 2022. The company says it is actively hiring in a variety of areas, including business development, finance, human resources, vector manufacturing, and quality.
Genezen originally operated out of Launch Fishers and in April 2020, announced plans to invest nearly $8 million to establish its space at the business park and create 36 jobs, a number expected to be exceeded by the end of this year.
“With today’s growth announcement from Genezen, Fishers’ life science cluster continues to take a foothold in the industry,” said Fishers Mayor Scott Fadness. “Our focus on innovation and entrepreneurship laid the foundation for companies like Genezen to find a home that allows them the business environment and talent to directly support biotech innovation right here in Fishers. I look forward to supporting Genezen as they continue to grow.”
The Indiana Economic Development Corp. has offered Genezen up to $1 million in conditional tax credits and training grants, which the company will not be able to claim until Hoosier workers are hired. The Fishers City Council has approved additional incentives.