Panacea Medical Technologies to build $11.7M facility in Noblesville, Indiana

Panacea Medical Technologies, an India-based medical device manufacturer, will invest more than $11.7 million to construct its first U.S. engineering and manufacturing facility in Noblesville, Indiana. The facility will produce Hexatron LINAC Radiation Therapy machines and is expected to create up to 65 jobs by the end of 2023.

“Panacea Medical Technologies will locate its first U.S. operations in central Indiana, with the goal of creating up to 65 new, high-wage jobs by the end of 2023.”businessfacilities.com

• 2 sources
• businessfacilities.comPanacea Medical Technologies Opening First U.S. Facility In Indiana - Capital Investment - Business Facilities MagazineBF StaffFeb 20, 2020
• buildingindiana.comIndian Company's First US Facility, 65 Jobs - Building Indiana BusinessNews ReleaseFeb 28, 2020

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