List Biotherapeutics to Build Large-Scale Microbiome Facility
List Biotherapeutics, Inc. has announced plans to build a large-scale microbiome production facility in Indiana, set to open by the end of 2023. List Bio is an offshoot of a South Korea-based clinical stage biotechnology company, Genome & Company.
The microbiome production facility will require the investment of more than $125 million to establish a new 110,000 sq ft facility which will be situated in the Fishers Life Science & Innovation Park. Alongside financial investment in the community, the facility will open 210 new jobs ranging from biologics manufacturing to quality and regulatory compliance.
This facility will provide a key connection point between List Bio and their sister company, List Labs. The new facility in Fishers expands List Lab’s ability to offer an end-to-end manufacturing solution from early-stage development to late-stage clinical trials and commercialization.
Jonathan Yongwan Jo, President and CEO of List Biotherapeutics said “Our objective with the investment for this new facility is to manufacture live biotherapeutic products (LBP) for Phase 3 clinical trials and for commercial use.”
Indiana is already an epicenter for medical innovation, and adding a company whose focus rests on the reintroduction of beneficial microorganisms for clinical therapies will only expand this.
Are you developing new products for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.