UPDATE: Pharmakon jobs to average $50,000

August 19, 2008

Indianapolis-based Pharmakon LTC Pharmacy Inc. will pay an average of $50,000 a year to each of the 52 employees it plans to add in the next five years.

The institutional pharmacy will move to a larger headquarters and warehouse in Carmel as part of its expansion, Indiana Economic Development Corp. said today.

The $1.2 million project will add
pharmacists, pharmacy technicians and shipping personnel. Pharmakon already employs 60 people.

Pharmakon received $205,000 in state incentives as well as $16,700 in property tax abatement from Carmel. Pharmakon's new facility will consist of 21,000 feet at 801 Congressional Blvd.

The company distributes drugs and packaged medications to long-term care facilities and psychiatric hospitals.

Founded in 2003, Pharmakon now distributes pharmaceuticals to more than 4,000 patients at more than 60 healthcare facilities in Indiana, Illinois, Kentucky and Ohio.

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