# 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.

- Type: New facility
- Announced: 2020-02-20
- Where: Noblesville, Indiana, United States
- Value: $11.7M
- Jobs: 65
- Starts operating: 2021
- Status: announced
- Products: Hexatron LINAC Radiation Therapy machines
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Panacea Medical Technologies](https://endata.com/companies/45400.md)

## Sources

- [businessfacilities.com](https://businessfacilities.com/panacea-medical-technologies-opening-facility-noblesville-indiana/), 2020-02-20: "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."
- [buildingindiana.com](https://buildingindiana.com/stories/indian-companys-first-us-facility-65-jobs,829), 2020-02-28: "We're so grateful Panacea has chosen to establish its first U.S. facility in Indiana and are excited Hoosiers will be working with this innovative, cancer-curing equipment to improve the lives of patients right here and all across the world."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.