California-based Hycor Biomedical Inc. plans to move its headquarters to central Indiana, creating as many as 20 jobs in the next two years, state economic development officials announced Wednesday morning.
Hycor, which makes diagnostic products for clinical laboratories, is leasing space on East 98th Street while it lines up a permanent site for its operations.
Founded in 1981 as a research and development company under the name Hybridoma Sciences, Hycor entered the diagnostics market in 1984. It now provides urinalysis, allergy and autoimmune testing products for clinical laboratories, hospitals and doctors' offices worldwide.
"Given Indiana's central location, the exceptional life sciences talent based here, as well as the economic incentives being offered by the state, we believe this is the ideal time for Hycor to relocate as our business continues to grow," CEO Richard Aderman said in a prepared statement.
Indiana Economic Development Corp. offered the company up to $640,000 in performance-based tax credits based on the job creation plans.