Inside INdiana Business

Life sciences company to break ground in Indy

(photo courtesy of Advanced Accelerator Applications)

INDIANAPOLIS (Inside INdiana Business) — Officials from New Jersey-based Advanced Accelerator Applications USA Inc. will Monday break ground on a new manufacturing facility in Indianapolis. The company, a subsidiary of Switzerland-based Novartis AG (NYSE: NVS), says the plant will produce radioligand therapies used to treat cancer.

Plans for the facility were first announced in June. Financial details of AAA’s investment in the project were not disclosed, however the company says the plant will be the third Novartis location in Indiana.

The facility will be located in the Purdue Research Park in Indy near Indianapolis International Airport and is expected to create as many as 50 jobs. Construction is expected to be complete in 2023.