Biopharma company hits milestone for Indy plant

URLhttps://www.wishtv.com/news/inside-indiana-busines
SourceWishtv.com
Date Published04/28/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name POINT Biopharma Inc.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):100
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2021
Domestically, the work will be done:In-house
Capital investment ($):25
Country(ies) from which reshored:Canada
City reshored to:Indianapolis
State(s) reshored to:IN
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredradioligands cancer treatments, biopharma
What domestic positive factors made reshoring more attractive?Impact on domestic economy, Lead time/Time to market
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