UPDATE: Pharmakon jobs to average $50,000

  • Comments
  • Print

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.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.