INDIANAPOLIS — Bristol Myers Squibb is preparing to ship a new and possibly life-changing cancer treatment to patients across the world. The doses will be made and researched in Indianapolis.
Its subsidiary, RayzeBio, opened its $160 million manufacturing facility in Pike Township on Friday. The company will develop and manufacture radiopharmaceutical treatments, which uses isotopes and radiation to kill cancerous cells.
"We're on the cusp of delivering hope and an extension of life to patients in the US and beyond," RayzeBio president Ben Hickey said. "In our phase one study, we've seen response rates in tumor types which had historically only had single-digit response rates now at 30-40%."
RayzeBio is now manufacturing doses in Indianapolis for clinical use. It has the capacity to create and ship tens of thousands of doses every year if radiopharmaceutical treatments are approved for general use.
"Cancer has been at the forefront of what we do, and we believe this technology has an important role to play," said Bristol Myers Squibb CEO Chris Boerner.
Boerner said Indianapolis is the perfect location for RayzeBio's manufacturing hub.
"Indianapolis is a leader in this area. It's a leader because there is an incredible talent pool here," Boerner said. "Folks in Indianapolis should feel proud to be on the cutting edge of science and hopefully on the cutting edge of transforming a lot of patients' lives."
Indiana is the top exporter of pharmaceutical products in the country, according to the Indiana Economic Development Corporation.
-
WNBA All-Star Game aims for sustainability slam dunk with zero waste
As the WNBA All-Star Game approaches, the association's sustainability efforts are taking a bold and ambitious step forward.
Grandfather arrested after 2-year-old grandson overdoses on THC edibles
IMPD arrested a 62-year-old man for neglect after his 2-year-old grandson was found unconscious after overdosing on THC edibles.
Crash survivor pushes for change following drunk driver's new arrests
A woman who survived a deadly 2015 drunk driving crash is pushing for change after the driver who hit her was arrested again for operating while intoxicated— twice in two months.
DPW accepting applications for two Community Powered Infrastructure projects
It’s now easier for Indianapolis neighborhoods to fund these projects. Tactical Urbanism and Art in the Right-of-Way now features a 50/50 cost-share component and a lending library.
