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UPDATE: Bioanalytical researcher opening lab in Indianapolis

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Advion BioServices, a subsidiary of Ithaca, N.Y.-based Advion BioSciences Inc., announced Tuesday morning it will collaborate with Eli Lilly and Co. to open a 22,000-square-foot drug discovery bioanalytical laboratory at the Purdue Research Park of Indianapolis.

Indianapolis-based Lilly will move its own drug-discovery bioanalytical operations to Advion as part of the partnership and retain some oversight.

Advion, a provider of bioanalytical research, is expected to open the laboratory in May with 49 employees. The lab could employ as many as 66 employees by 2015, the company said.

Advion said it will spend $6.1 million to lease and equip the facility.

An estimated 26 Lilly employees will be affected by the drug maker’s decision, but will have the opportunity to apply for limited jobs within Lilly or for openings at Advion’s Indianapolis lab, Lilly spokeswoman Christine Van Marter said. The employees let go by Lilly also will be eligible to receive a severance package.

“This strategic business decision will help Lilly to improve productivity, reduce fixed costs and increase flexibility in order to speed up the flow of new molecules through the pipeline and ultimately deliver innovative medicines to patients more quickly,” Van Marter said in an e-mail.

Advion will focus on earlier-stage, drug-discovery bioanalytical services, which evaluate how a potential new medicine is absorbed and metabolized in experimental models. Much of the activities performed at the lab are required for the preparation of a molecule’s entry into clinical testing.

“The establishment of this laboratory in Indianapolis further strengthens our relationship with Lilly as a key partner in bioanalytical services while positioning Advion to be one of the largest and most respected bioanalytical service providers in North America,” Advion BioSciences President and CEO David B. Patterson said in a prepared statement.

Advion will take up 40 percent of the 55,000-square-foot research park near Indianapolis International Airport.

The Indiana Economic Development Corp. offered Advion up to $650,000 in performance-based tax credits and up to $30,000 in training grants based on the company's job-creation plans. Develop Indy will provide additional training funding and support property-tax abatement from the city of Indianapolis.

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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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