Roche Diagnostics plans $300M HQ redevelopment

2012-06-20T10:33:00Z Roche Diagnostics plans $300M HQ redevelopmentBy Dan Carden, (317) 637-9078

INDIANAPOLIS | Roche Diagnostics, a leading company in Indiana's $44 billion life sciences sector, will spend $300 million over the next decade to refurbish its Indianapolis headquarters and hire up to 100 new employees.

President and CEO Jack Phillips said Wednesday it was an easy decision to redevelop the 160-acre campus where Roche and its predecessor companies have grown to 3,000 employees since 1964.

"The bottom line is that we're here to stay and we're going to be the best place to work in the state of Indiana," Phillips said.

The project includes purchasing new equipment to manufacture diabetes test strips. Roche already makes about 2 billion Accu-Chek strips a year in Indiana. More than 700,000 Hoosiers have diabetes.

The Indiana Economic Development Corp. awarded Roche up to $2.3 million in conditional tax credits and training grants based on its plans.

Indiana is home to 854 medical device companies, drug makers and research labs.  


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