Fishers gained another notch in efforts to expand the presence of life-science businesses in the city. Pure Pharmacy executives announced their plans to expand to Fishers, including investing more than $2.5 million in capital and increasing their employee count by 50 by the end of 2027. The new jobs will focus on the compounding, compliance, dispensing, and support areas of the company.

“We are very excited to expand our operations to Fishers and appreciate the support that the city has given us,” said Ryan Hayes, co-owner of Pure Pharmacy, in a Fishers City news release.

Pure Pharmacy is currently valued at $3.4 billion.

“It’s incredible to see the life science innovation that is happening in Central Indiana right now,” said Fishers Mayor Scott Fadness. “With the addition of Pure Pharmacy, Fishers’ I-69 corridor is competing across the life science industry in new technologies and the momentum is just getting started.”

The new compounding facility will be located at the Patch Development building under construction at 96th Street and Masters Road.