Indiana's pharmaceuticals sector is vital for advancements in healthcare and offers a range of services from drug development to manufacturing. With companies specializing in biotechnology, contract manufacturing, and drug delivery systems, the state showcases a focused effort on innovative therapies. Many organizations prioritize areas like oncology, autoimmune diseases, and chronic conditions, targeting serious health challenges. The industry's evolution sees increased funding for research and a move towards personalized medicine, indicating future growth and competitiveness. Indiana's central location and robust workforce also make it an attractive hub for pharmaceuticals companies.

This list highlights 20 notable pharmaceuticals companies based in Indiana, showcasing a mix of established firms and newer entrants. Companies like Waterstone Pharmaceuticals, founded in 2008, focus on specific therapeutic areas such as metabolic diseases while startups like Sudo Biosciences, established in 2020, specialize in immunotherapy advancements. Ranging from small biotechnology firms to larger contract manufacturers, these companies contribute significantly to both local and global healthcare efforts, producing innovative solutions from compounding medications to advanced drug delivery systems.

Read on to discover more about Indiana's top pharmaceuticals companies.

Top 20 Pharmaceuticals Companies Companies in Indiana

1. Waterstone Pharmaceuticals, Inc.

• Website: waterstonepharma.com
• Ownership type: Venture Capital
• Headquarters: Carmel, Indiana, United States (USA)
• Employee distribution: China 100%
• Latest funding: Other (Debt), $19.0M, September 2012
• Founded year: 2008
• Headcount: 501-1000
• LinkedIn: waterstone-pharmaceuticals-inc.

Waterstone Pharmaceuticals, Inc. is a pharmaceutical company based in Carmel, Indiana, established in 2008. The company focuses on the research and production of medications aimed at treating metabolic diseases, including diabetes and kidney disease. Waterstone serves healthcare providers and pharmaceutical businesses by providing innovative drug solutions and high-quality pharmaceutical products. Its operations span drug development and manufacturing, with a particular emphasis on high molecular polymer drug intermediates. The company has a notable presence in the industry, having received $19 million in funding in 2012, which underscores its growth potential and commitment to advancing healthcare solutions. Waterstone's strategic focus on metabolic diseases positions it as a significant contributor to the pharmaceutical landscape, particularly in addressing the needs of patients with chronic conditions.

2. Sudo Biosciences

• Website: sudobio.com
• Ownership type: Private Equity
• Headquarters: Carmel, Indiana, United States (USA)
• Employee distribution: United States (USA) 50%, United Kingdom (UK) 50%
• Latest funding: Series B, $30.0M, February 2024
• Founded year: 2020
• Headcount: 11-50
• LinkedIn: sudo-biosciences

Sudo Biosciences is a biopharmaceutical company based in Carmel, Indiana, dedicated to designing and developing novel medicines that aim to transform patients' lives. The company specializes in TYK2 inhibitors, which are crucial in managing cytokine signaling pathways linked to various immune-mediated inflammatory conditions. Their pipeline includes a promising brain-penetrant candidate for multiple sclerosis and neurodegenerative diseases, as well as a topical candidate for dermatologic diseases. Founded in 2020, Sudo has quickly gained traction in the industry, securing $147 million in Series B funding to support the advancement of its therapeutic programs into clinical trials. With a team of experienced professionals from notable pharmaceutical backgrounds, Sudo is positioned to make significant contributions to the treatment of conditions that currently lack effective therapies.

3. Eradivir

• Website: eradivir.com
• Ownership type: Venture Capital
• Headquarters: West Lafayette, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Other (Grant), $1.0M, September 2024
• Founded year: 2020
• Headcount: 11-50
• LinkedIn: eradivir

Eradivir is a biotechnology firm based in West Lafayette, Indiana, established in 2020. The company specializes in developing antiviral therapeutics, with a primary focus on influenza and other respiratory infections. Utilizing a unique platform of small molecule immunotherapies, Eradivir aims to enhance immune responses against viral diseases. Their lead molecule, EV25, has shown promising results in preclinical studies, outperforming existing treatments like Tamiflu. The company is currently preparing to initiate Phase I clinical trials for EV25, reflecting its commitment to advancing its research initiatives. Eradivir has also recently completed a $10.25 million Series A funding round, which will support further development of its influenza therapeutic. With a dedicated team of industry experts and a clear vision for tackling prevalent diseases, Eradivir is positioned to make significant contributions to the pharmaceutical industry.

4. ParaPRO, LLC

• Website: parapro.com
• Ownership type: Private
• Headquarters: Carmel, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2002
• Headcount: 51-200
• LinkedIn: parapro-llc

ParaPRO, LLC, founded in 2002 and based in Carmel, Indiana, is a specialty pharmaceutical company dedicated to developing and commercializing anti-parasitic therapies. The company has carved out a niche in treating common yet challenging conditions like head lice and scabies. Their primary product, Natroba™ (spinosad) Topical Suspension, received FDA approval in 2011 and has become the most frequently prescribed treatment for head lice infestations. ParaPRO's commitment to innovation is evident in their focus on minimizing treatment failures and addressing the growing resistance to over-the-counter therapies. They actively engage with healthcare providers and families, aiming to improve outcomes for those affected by these infestations. ParaPRO's strategic partnerships with organizations such as the National Association of School Nurses further highlight their dedication to public health and education in the field of parasitic infections.

5. Toralgen

• Website: toralgen.com
• Ownership type: Venture Capital
• Headquarters: Indianapolis, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Seed, $8.3M, December 2020
• Founded year: 2017
• Headcount: 1-10
• LinkedIn: toralgen

Toralgen, founded in 2017 and based in Indianapolis, Indiana, is a biotechnology company dedicated to advancing drug delivery systems. The firm specializes in a unique poly-bile nanoparticle platform designed to improve the oral delivery of biologics, targeting treatments for diabetes and autoimmune disorders. With a small team of around 23 employees, Toralgen has garnered attention for its innovative approach, which aims to replace traditional injections with a more patient-friendly oral pill. The company has successfully raised $8.3 million in seed funding, indicating investor confidence in its potential. Toralgen's technology has been recognized by the FDA and has been highlighted in various industry publications, showcasing its promise in the biopharmaceutical sector. The executive team brings extensive experience from notable pharmaceutical companies, further solidifying Toralgen's position in the industry.

6. Gate Neurosciences

• Website: gateneuro.com
• Ownership type: Venture Capital
• Headquarters: Indianapolis, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $25.0M, October 2022
• Founded year: 2019
• Headcount: 11-50
• LinkedIn: gate-neurosciences-inc

Gate Neurosciences, founded in 2019 and based in Indianapolis, Indiana, is a biotechnology company dedicated to advancing therapies for neuropsychiatric and cognitive disorders. The company employs precision medicine techniques to enhance synaptic function, targeting the needs of over a billion individuals globally who suffer from brain health disorders. Their clinical-stage pipeline includes several drug candidates, such as Zelquistinel, which is in Phase 2 development for major depressive disorder. Gate Neurosciences has attracted $25 million in funding, reflecting investor confidence in their innovative approach and potential impact on mental health treatment. The company is committed to revolutionizing care for patients by developing next-generation therapies that address significant unmet needs in the mental health space.

7. Baxter Pharmaceutical Solutions LLC.

• Website: baxterbiopharmasolutions.com
• Ownership type: Private
• Headquarters: Bloomington, Indiana, United States (USA)
• Founded year: 1931
• Headcount: 1001-5000
• LinkedIn: indiana-metal-craft

Baxter Pharmaceutical Solutions LLC, also known as Simtra BioPharma Solutions, is a contract development and manufacturing organization based in Bloomington, Indiana. Founded in 1931, the company has built a strong reputation in the pharmaceutical and biopharmaceutical sectors. They specialize in providing comprehensive services for sterile injectable products, which are crucial for many therapeutic areas. Their offerings include formulation development, lyophilization cycle optimization, and fill/finish operations, catering primarily to pharmaceutical companies that require high-quality manufacturing solutions. With facilities in both the United States and Germany, Baxter adheres to stringent cGMP compliance and ISO-certified manufacturing practices. This commitment to quality ensures that their products meet the rigorous standards set by regulatory bodies. The company has received multiple industry awards for its manufacturing excellence, highlighting its operational capabilities and dedication to service. Baxter's focus on collaboration with clients to meet their commercialization objectives further solidifies its position in the pharmaceutical industry.

8. MediSphere Medical Research Center, LLC

• Website: medisphereresearch.com
• Ownership type: Private
• Headquarters: Evansville, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1992
• Headcount: 11-50
• LinkedIn: medisphere-medical-research-center-llc

MediSphere Medical Research Center, LLC, based in Evansville, Indiana, has been operational since 1992. This private clinical research center specializes in conducting medical studies and trials aimed at assessing new treatments and medications. With a dedicated team of professionals, MediSphere collaborates closely with pharmaceutical companies, providing essential support during the trial phases of drug development. The center has successfully completed over 900 studies, focusing on various health conditions, including diabetic gastroparesis, high cholesterol with cardiovascular disease, and chronic kidney disease. MediSphere is committed to ensuring that all trials are conducted safely and ethically, adhering to FDA regulations and independent review board oversight. Their work not only aids pharmaceutical companies in their research efforts but also offers participants access to innovative healthcare solutions, contributing to the overall improvement of patient care.

9. KnippeRx Inc.

• Website: knipperx.com
• Ownership type: Private
• Headquarters: Charlestown, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2017
• Headcount: 51-200
• LinkedIn: knipperx

KnippeRx Inc., founded in 2017 and based in Charlestown, Indiana, operates as a specialty pharmacy dedicated to providing custom pharmacy solutions. The company aims to eliminate barriers that patients face in accessing critical therapies. KnippeRx offers a range of services, including patient assistance programs, clinical trial dispensing, and integrated healthcare solutions. They serve not only patients but also prescribers and pharmaceutical manufacturers, facilitating a smoother medication acquisition process. With a focus on patient-centric care, KnippeRx utilizes advanced technology and a highly skilled staff to ensure efficient service delivery. Their operations are designed to enhance patient outcomes, making them a relevant entity in the pharmaceutical industry.

10. Phillips Drugs

• Website: phillipsdrugs.com
• Ownership type: Private
• Headquarters: Richmond, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1951
• Headcount: 11-50
• LinkedIn: phillips-drugs

Phillips Drugs is a privately owned pharmacy located in Richmond, Indiana, with a history spanning over 60 years. The company provides a range of pharmaceutical services, including compounding medications tailored to individual needs, medication synchronization to help patients manage their prescriptions, and durable medical equipment for various health requirements. Phillips Drugs caters to both individual customers and long-term care facilities, ensuring timely access to medications and personalized care. Their services also include medication therapy management and multi-dose pill packaging, which simplifies medication adherence for patients. The pharmacy prides itself on being locally operated and loved, emphasizing a strong connection to the community it serves.

11. SpectronRx

• Website: spectronrx.com
• Ownership type: Private
• Headquarters: Indianapolis, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2004
• Headcount: 51-200
• LinkedIn: spectronrx

SpectronRx, founded in 2004 and based in Indianapolis, Indiana, is a private pharmaceutical company that specializes in radiopharmaceuticals and contract development services. With a workforce of approximately 112 employees, the company provides comprehensive solutions for drug development, regulatory assistance, and isotope procurement tailored to the needs of pharmaceutical companies and research organizations. Their services include advanced development and labeling of molecules with various isotopes, ensuring compliance with regulatory standards, and managing worldwide logistics for drug delivery. SpectronRx has established itself as a key player in the field of radiotherapy, particularly in the development of monoclonal antibodies, peptides, and nanoparticles for diagnostic and therapeutic applications. Their facilities are equipped to handle complex regulatory requirements, and they have a proven track record in assisting clients through the FDA approval process. The company’s leadership team boasts extensive experience in medical isotopes, further enhancing their credibility and expertise in the industry.

12. Dr Aziz

• Website: drazizrx.com
• Ownership type: Private
• Headquarters: Indianapolis, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1988
• Headcount: 11-50
• LinkedIn: dr.-aziz-pharmacy

Dr Aziz Pharmacy, established in 1988 in Indianapolis, Indiana, operates as an independent pharmacy dedicated to providing personalized healthcare solutions. With a team of 11-50 employees, the pharmacy offers a variety of services, including a medical clinic, compounding, and the provision of medical equipment. They cater to patients seeking customized medication options, emphasizing customer service and tailored healthcare. Dr Aziz Pharmacy has built a reputation for its commitment to patient care, particularly in compounding medications that meet specific patient needs. The pharmacy also provides essential health products, including diabetic shoes and nutritional supplements, contributing to the overall health and well-being of the community it serves.

13. PharmaCord

• Website: pharmacord.com
• Ownership type: Private Equity
• Headquarters: Jeffersonville, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: June 2024
• Founded year: 2016
• Headcount: 1001-5000
• LinkedIn: pharmacord-llc.

PharmaCord, founded in 2016 and based in Jeffersonville, Indiana, is a patient services company dedicated to enhancing access to specialty medications. They specialize in providing technology-driven solutions and support services that streamline the prescription process for both pharmaceutical manufacturers and patients. Their proprietary platform, PharmaCord Lynk, connects various steps in the patient journey, addressing barriers to therapy and improving patient adherence. The company operates a non-commercial pharmacy, PharmaCord Scripts, which aids in dispensing medications efficiently and offers affordability programs. With a workforce of over 600 specialists, PharmaCord is committed to simplifying the complex healthcare system, ensuring that patients can navigate their treatment options with ease. They have supported over 95 products and maintain high client satisfaction ratings, reflecting their effectiveness in the patient services sector.

14. Applied Laboratories, Inc.

• Website: appliedlabs.com
• Ownership type: Private
• Headquarters: Columbus, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1984
• Headcount: 51-200
• LinkedIn: applied-laboratories-inc.

Applied Laboratories, Inc., founded in 1984 and based in Columbus, Indiana, is a contract manufacturer that serves the pharmaceutical and healthcare sectors. Initially established as a regulatory consulting firm specializing in FDA submissions, the company has transformed into a full-service contract manufacturer and packager. With a facility spanning 200,000 square feet, Applied Laboratories adheres to current Good Manufacturing Practices (cGMP) and is registered with the FDA for both drug and medical device manufacturing. Their offerings include contract manufacturing, formulation assistance, quality control, and innovative packaging solutions for a variety of dosage forms, including liquids, creams, gels, and ointments. The company emphasizes quality assurance and regulatory compliance, making it a valuable partner for pharmaceutical companies looking to bring products to market efficiently and safely. Their commitment to customer service and continuous improvement further solidifies their position in the industry.

15. Concentrics Research, an IQVIA business

• Website: concentricsresearch.com
• Ownership type: Private
• Headquarters: Indianapolis, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1985
• Headcount: 51-200
• LinkedIn: concentrics-research

Concentrics Research, an IQVIA business, is a Contract Research Organization (CRO) based in Indianapolis, Indiana, with a history dating back to 1985. The company specializes in late-stage clinical research and healthcare market research, providing tailored services to pharmaceutical and biotechnology firms. Concentrics is particularly noted for its expertise in Rx-to-OTC switch processes, having contributed to 85% of the drugs and devices that have successfully transitioned from prescription to over-the-counter status. Their services include consultation on FDA strategy, project management, clinical monitoring, and data management, among others. Concentrics operates with a dedicated team of specialists who focus on delivering customized solutions that meet the specific needs of their clients while ensuring compliance with regulatory standards. The company has expanded its capabilities through strategic partnerships and acquisitions, including its recent acquisition by IQVIA, which enhances its service offerings and global reach.

16. Paul's Pharmacy

• Website: paulsrx.com
• Ownership type: Private
• Headquarters: Evansville, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1977
• Headcount: 51-200
• LinkedIn: paul-s-pharmacy

Paul's Pharmacy, founded in 1977 and located in Evansville, Indiana, is a private retail pharmacy that specializes in a range of pharmacy services. These include compounding medications tailored to individual needs, providing immunizations, and offering medication management programs. The pharmacy also engages in health, beauty, and wellness retail, selling products that support overall well-being. With a commitment to personalized care, Paul's Pharmacy emphasizes community involvement and strives to educate its customers about their health options. The company operates multiple locations in the Evansville area, ensuring accessibility for its clientele. It has not reported any funding, indicating it operates independently without external financial backing.

17. Medicine Plus Pharmacy

• Website: medicineplus.net
• Ownership type: Family Owned
• Headquarters: Bedford, Indiana, United States (USA)
• Employee distribution: Australia 100%
• Founded year: 2003
• Headcount: 11-50
• LinkedIn: medicine-plus-pharmacy

Medicine Plus Pharmacy is a family-owned healthcare provider located in Bedford, Indiana, with a history dating back to 1983. The pharmacy specializes in a variety of services aimed at enhancing patient health and well-being. These services include prescription refills, medication therapy management, immunizations, and wellness classes that focus on chronic health conditions such as diabetes and high blood pressure. The pharmacy also features a compounding laboratory, allowing for customized medication solutions tailored to individual patient needs. With a commitment to personal service and community health, Medicine Plus Pharmacy plays an important role in the local healthcare landscape, providing essential services that cater to the specific needs of its clientele.

18. IntegriMedical

• Website: integrimedical.com
• Ownership type: Private
• Headquarters: Bainbridge, Indiana, United States (USA)
• Employee distribution: India 100%
• Latest funding: May 2024
• Founded year: 2020
• Headcount: 51-200
• LinkedIn: integrimedical-llc

IntegriMedical is a private medical technology company based in Bainbridge, Indiana, founded in 2020. The company specializes in the development of innovative drug delivery solutions, with a particular emphasis on its Needle Free Injection System (NFIS). This system utilizes a high-velocity jet stream to administer medications without the use of needles, significantly enhancing patient comfort and compliance. IntegriMedical aims to address the challenges associated with traditional needle injections, such as pain, needle phobia, and the risk of needle stick injuries for healthcare professionals. The company has established a global presence with manufacturing and research operations in the USA, India, Hong Kong, and Hungary. IntegriMedical's commitment to quality and safety is reflected in its compliance with various international standards, including CE and ISO certifications. The company actively engages in clinical trials to validate the efficacy and safety of its products, positioning itself as a forward-thinking player in the pharmaceutical industry.

19. Sentry BioPharma Services, Inc.

• Website: sentrybps.com
• Ownership type: Private
• Headquarters: Indianapolis, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2006
• Headcount: 51-200
• LinkedIn: sentry-biopharma-services-inc-

Sentry BioPharma Services, Inc., founded in 2006 and based in Indianapolis, Indiana, operates as a biopharmaceutical service provider. The company specializes in pharmaceutical storage, distribution, and packaging solutions, catering primarily to biotech and pharmaceutical firms. Sentry offers a range of services, including controlled temperature management, quality assurance, and clinical trial support. Their commitment to compliance and maintaining the integrity of temperature-sensitive products throughout the supply chain is paramount. With a focus on safeguarding the quality and safety of pharmaceuticals, Sentry plays a crucial role in the logistics of drug management, particularly for high-value and temperature-sensitive products. Their facility is equipped to handle controlled substances and is recognized for its adherence to stringent regulatory standards, making it a trusted partner in the pharmaceutical industry.

20. Exelead

• Website: exeleadbiopharma.com
• Ownership type: Corporate
• Headquarters: Indianapolis, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $780.0M, January 2022
• Founded year: 2017
• Headcount: 201-500
• LinkedIn: exelead

Exelead, founded in 2017 and based in Indianapolis, Indiana, is a pharmaceutical manufacturer that provides contract manufacturing services. The company specializes in lipid nanoparticles, liposomes, and pegylation formulations, catering to the needs of pharmaceutical and biotech companies. Exelead assists clients in navigating the complexities of drug development, offering a comprehensive range of services from preclinical development to commercial manufacturing. Their facilities are equipped to handle both small and large batch production, ensuring flexibility to meet various client needs. In January 2022, Exelead secured $780 million in funding, underscoring its growth potential and commitment to advancing drug manufacturing capabilities. The company is dedicated to quality and compliance, operating under stringent cGMP standards, which is essential for maintaining the integrity of pharmaceutical products.

Pharmaceuticals Companies Insights: Key Companies in Indiana

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